Clearwater Analytics Holdings Inc (NYSE:CWAN) saw an upside of 2.08% to close Friday at $19.67 after adding $0.4 on the day. The 5-day average trading volume is 943,040 shares of the company’s common stock. It has gained $19.70 in the past week and touched a new high 2 times within the past 5 days. An average of 1,040,430 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 786,872.
CWAN’s 1-month performance is 12.79% or $2.41 on its low of $17.20 reached on 08/24/23. The company’s shares have touched a 52-week low of $13.02 and high of $20.00, with the stock’s rally to the 52-week high happening on 02/22/23. YTD, CWAN has achieved 4.91% or $0.92 and has reached a new high 8 times. However, the current price is down -1.65% from the 52-week high price.
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Insider Transactions
CWAN stock investors last saw insider trading activity on Sep 15.Sahai Sandeep (Chief Executive Officer) most recently sold 50,000 shares at $19.14 per share on Sep 15. This transaction cost the insider $957,095. Chief Client Officer, Sethi Subi, sold 13,460 shares at a price of $19.29 on Sep 15. Then, on Sep 15, Chief Financial Officer Cox James S sold 10,000 shares at a price of $19.14 per share. This transaction amounted to $191,412.
Valuation Metrics
CWAN stock has a beta of 0.38. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 11.85 while the price-to-book (PB) in the most recent quarter is 12.84, with the price to cash flow ratio at 72.13.
Clearwater Analytics Holdings Inc’s quick ratio for the period ended June 29 was 6.22, with the current ratio over the same period at 6.22. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.22, while the total debt to equity was 0.25. In terms of profitability, the gross margin trailing 12 months is 70.63%. The trailing 12-month EBITDA margin is 5.37% while for the period ending June 29, Clearwater Analytics Holdings Inc’s operating margin was -3.22%. The firm’s gross profit as reported stood at $215.64 million against revenue of $303.43 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 77.75% to -$10.92 million, while revenue of -$4.38 million was 59.89% off the previous quarter. Analysts expected CWAN to announce $0.07 per share in earnings in its latest quarter, but it posted $0.08, representing a 14.30% surprise. EBITDA for the quarter stood at more than -$3.5 million. CWAN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 140.94 million, with total debt at $75.89 million. Shareholders hold equity totaling $241.92 million.
Let’s look briefly at Clearwater Analytics Holdings Inc (CWAN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 70.31% to suggest the stock is trending Overbought, with historical volatility in this time period at 19.69%.
The stock’s 5-day moving average is $19.43, reflecting a +1.81% or $0.35 change from its current price. CWAN is currently trading +14.03% above its 20-day SMA, +27.23% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +17.93% and SMA200 by+8.67%.
Stochastic %K and %D was 83.89% and 81.88% and the average true range (ATR) pointed at 0.39. The RSI (14) points at 69.45%, while the 14-day stochastic is at 94.86% with the period’s ATR at 0.39. The stock’s 9-day MACD Oscillator is pointing at 0.24 and 0.30 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Clearwater Analytics Holdings Inc (NYSE: CWAN), MoffettNathanson launched coverage with an Outperform rating. Analysts offering their rating for CWAN stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate CWAN as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is CWAN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $16.00 and a high of $25.00, with their median price target at $22.00. Looking at these predictions, the average price target given by analysts is for Clearwater Analytics Holdings Inc (CWAN) stock is $21.44.
