In yesterday’s Wall Street session, Clearwater Analytics Holdings Inc (NYSE:CWAN) shares traded at $29.26, up 3.80% from the previous session.
CWAN stock price is now 0.83% away from the 50-day moving average and 30.00% away from the 200-day moving average. The market capitalization of the company currently stands at $7.05B.
With the price target enhanced from $31 to $35, DA Davidson Downgraded its rating from Buy to Neutral for Clearwater Analytics Holdings Inc (NYSE: CWAN). On November 07, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $23 to quote $33, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Cox James S, Chief Financial Officer sold 18,700 shares of the company’s stock on Dec 16 ’24. The stock was sold for $554,499 at an average price of $29.65. Upon completion of the transaction, the Chief Financial Officer now directly owns 214,044 shares in the company, valued at $6.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Officer JAMES COX bought 18,700 shares of the business’s stock. A total of $552,772 was incurred on buying the stock at an average price of $29.56. A total of 22.25% of the company’s stock is owned by insiders.
During the past 12 months, Clearwater Analytics Holdings Inc has had a low of $15.62 and a high of $35.71. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 4.61, and a quick ratio of 4.61. According to the stock market information, the enterprise value for the company is $6120572416, which is based on a 35650.00 price-to-earnings ratio, a 1584.44 price-to-earnings-growth ratio, and a beta of 0.70. The fifty day moving average price for CWAN is $28.97 and a two-hundred day moving average price translates $22.44925 for the stock.
The latest earnings results from Clearwater Analytics Holdings Inc (NYSE: CWAN) was released for 2024-09-30. The net profit margin was 0.21% and return on equity was 0.25% for CWAN. The company reported revenue of $115.83 million for the quarter, compared to $94.66 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.36 percent.
