William Blair Equities Analysts Boost Earnings Estimates for Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) – Analysts at William Blair lifted their Q2 2024 earnings estimates for shares of Clearwater Analytics in a research report issued to clients and investors on Thursday, May 2nd. William Blair analyst D. Becker now anticipates that the company will post earnings of $0.04 per share for the quarter, up from their previous estimate of $0.03. The consensus estimate for Clearwater Analytics’ current full-year earnings is $0.11 per share. William Blair also issued estimates for Clearwater Analytics’ Q3 2024 earnings at $0.04 EPS, Q4 2024 earnings at $0.06 EPS, Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.08 EPS and FY2025 earnings at $0.25 EPS.

Several other research analysts have also recently commented on the stock. DA Davidson reiterated a “buy” rating and set a $24.00 price target on shares of Clearwater Analytics in a report on Monday, February 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $19.00 target price on shares of Clearwater Analytics in a report on Thursday, May 2nd. Piper Sandler reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Clearwater Analytics in a research report on Thursday, February 29th. JPMorgan Chase & Co. cut their price target on shares of Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Finally, Wells Fargo & Company decreased their target price on shares of Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.70.

Clearwater Analytics Trading Up 1.0 %

Shares of CWAN stock opened at $17.65 on Monday. The company has a 50 day moving average price of $16.92 and a 200 day moving average price of $18.64. The stock has a market capitalization of $4.32 billion, a P/E ratio of -220.63, a price-to-earnings-growth ratio of 7.85 and a beta of 0.50. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.59 and a current ratio of 5.59. Clearwater Analytics has a fifty-two week low of $14.43 and a fifty-two week high of $21.89.

Clearwater Analytics (NYSE:CWAN) last announced its earnings results on Wednesday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Clearwater Analytics had a positive return on equity of 1.25% and a negative net margin of 3.90%. The company had revenue of $102.70 million for the quarter, compared to analyst estimates of $100.55 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year.

Insiders Place Their Bets

In other Clearwater Analytics news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $16.90, for a total value of $274,625,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $16.90, for a total transaction of $274,625,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $19.74, for a total value of $987,000.00. Following the completion of the transaction, the chief executive officer now directly owns 270,838 shares in the company, valued at $5,346,342.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,310,000 shares of company stock valued at $275,809,400. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Clearwater Analytics

A number of large investors have recently modified their holdings of CWAN. Benjamin F. Edwards & Company Inc. raised its position in shares of Clearwater Analytics by 389.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,947 shares of the company’s stock valued at $34,000 after purchasing an additional 1,549 shares in the last quarter. Eagle Bay Advisors LLC lifted its holdings in shares of Clearwater Analytics by 213.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,773 shares of the company’s stock worth $36,000 after purchasing an additional 1,207 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Clearwater Analytics by 33.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,442 shares of the company’s stock valued at $49,000 after buying an additional 616 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in Clearwater Analytics during the 4th quarter valued at about $90,000. Finally, RiverPark Advisors LLC boosted its position in shares of Clearwater Analytics by 361.0% during the first quarter. RiverPark Advisors LLC now owns 5,366 shares of the company’s stock worth $95,000 after buying an additional 4,202 shares during the period. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Company Profile

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.