Q2 2024 EPS Estimates for Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Lifted by William Blair

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) – Stock analysts at William Blair raised their Q2 2024 earnings estimates for shares of Clearwater Analytics in a report issued 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 forecast 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.

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

Other equities analysts have also recently issued reports about the company. Piper Sandler restated a “neutral” rating and set a $20.00 price objective on shares of Clearwater Analytics in a research note on Thursday, February 29th. JPMorgan Chase & Co. dropped their price objective on Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Wells Fargo & Company cut their target price on shares of Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. DA Davidson reaffirmed a “buy” rating and issued a $24.00 price target on shares of Clearwater Analytics in a report on Monday, February 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $19.00 price objective on shares of Clearwater Analytics in a research note on Thursday, May 2nd. One equities research 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.70.

Clearwater Analytics Price Performance

CWAN stock opened at $17.65 on Monday. Clearwater Analytics has a 52-week low of $14.43 and a 52-week high of $21.89. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.59 and a current ratio of 5.59. The business has a 50-day simple moving average of $16.92 and a two-hundred day simple moving average of $18.64. The company 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.

Institutional Trading of Clearwater Analytics

Large investors have recently bought and sold shares of the company. Wasatch Advisors LP raised its stake in Clearwater Analytics by 35.6% during the first quarter. Wasatch Advisors LP now owns 16,391,308 shares of the company’s stock valued at $289,962,000 after buying an additional 4,304,286 shares during the last quarter. Vanguard Group Inc. increased its position in Clearwater Analytics by 36.6% in the fourth quarter. Vanguard Group Inc. now owns 12,912,046 shares of the company’s stock worth $258,628,000 after buying an additional 3,461,158 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in Clearwater Analytics by 1.2% during the 1st quarter. Conestoga Capital Advisors LLC now owns 6,506,247 shares of the company’s stock worth $115,096,000 after acquiring an additional 79,880 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Clearwater Analytics by 0.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,933,075 shares of the company’s stock valued at $114,746,000 after purchasing an additional 30,771 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Clearwater Analytics by 28.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,359,848 shares of the company’s stock valued at $77,126,000 after acquiring an additional 971,920 shares in the last quarter. 50.10% of the stock is owned by institutional investors.

Insider Transactions at Clearwater Analytics

In other news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of Clearwater Analytics stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $16.90, for a total value of $274,625,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 dated Monday, March 11th. The shares were sold at an average price of $16.90, for a total value of $274,625,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $19.74, for a total value of $987,000.00. Following the transaction, the chief executive officer now directly owns 270,838 shares of the company’s stock, valued at approximately $5,346,342.12. The disclosure for this sale can be found here. In the last three months, insiders sold 16,310,000 shares of company stock worth $275,809,400. 2.10% of the stock is currently owned by corporate insiders.

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.