Clearwater Analytics (NYSE:CWAN) Posts Quarterly Earnings Results, Meets Expectations

Clearwater Analytics (NYSE:CWAN) announced its quarterly earnings results on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16, FiscalAI reports. The company had revenue of $221.23 million for the quarter, compared to analyst estimates of $214.09 million. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.19%. The firm’s revenue was up 74.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 EPS.

Clearwater Analytics Trading Up 0.2%

NYSE:CWAN opened at $24.35 on Friday. The firm’s fifty day moving average is $23.74 and its 200-day moving average is $22.63. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 1.83. Clearwater Analytics has a 52 week low of $15.73 and a 52 week high of $25.07. The firm has a market cap of $7.19 billion, a P/E ratio of -135.24, a P/E/G ratio of 3.41 and a beta of 0.61.

Insider Buying and Selling

In related news, insider Subi Sethi sold 19,858 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total transaction of $472,620.40. Following the transaction, the insider owned 388,256 shares in the company, valued at $9,240,492.80. The trade was a 4.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Scott Stanley Erickson sold 18,790 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total transaction of $447,202.00. Following the transaction, the executive owned 155,119 shares in the company, valued at $3,691,832.20. The trade was a 10.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 780,842 shares of company stock worth $18,358,880. Corporate insiders own 3.31% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CWAN. AQR Capital Management LLC lifted its position in shares of Clearwater Analytics by 1,027.1% during the 1st quarter. AQR Capital Management LLC now owns 132,828 shares of the company’s stock valued at $3,560,000 after acquiring an additional 121,043 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Clearwater Analytics during the 1st quarter valued at $208,000. Woodline Partners LP lifted its position in shares of Clearwater Analytics by 75.2% during the 1st quarter. Woodline Partners LP now owns 20,066 shares of the company’s stock valued at $538,000 after acquiring an additional 8,613 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Clearwater Analytics by 1.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 459,292 shares of the company’s stock valued at $12,309,000 after acquiring an additional 6,826 shares during the period. Finally, M&T Bank Corp lifted its position in shares of Clearwater Analytics by 51.8% during the 2nd quarter. M&T Bank Corp now owns 13,164 shares of the company’s stock valued at $289,000 after acquiring an additional 4,492 shares during the period. Institutional investors and hedge funds own 50.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CWAN. UBS Group lowered shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $30.00 to $24.55 in a report on Monday, January 26th. Weiss Ratings lowered shares of Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. Jefferies Financial Group lowered shares of Clearwater Analytics to a “hold” rating in a report on Friday, January 16th. Royal Bank Of Canada reissued a “sector perform” rating and set a $24.55 target price (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $24.55 target price (down from $27.00) on shares of Clearwater Analytics in a report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Clearwater Analytics presently has a consensus rating of “Hold” and an average price target of $26.17.

Clearwater Analytics Company Profile

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.