After finishing at $17.06 in the prior trading day, Clearwater Analytics Holdings Inc (NYSE: CWAN) closed at $17.55, up 2.87%. In other words, the price has increased by $+0.49 from its previous closing price. On the day, 1080382 shares were traded.
Ratios:
Our goal is to gain a better understanding of CWAN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.79. For the most recent quarter (mrq), Quick Ratio is recorded 5.09 and its Current Ratio is at 5.09. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.18.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on February 29, 2024, Downgraded its rating to Neutral and sets its target price to $22 from $24 previously.
On November 07, 2023, UBS started tracking the stock assigning a Buy rating and target price of $24.
Loop Capital Upgraded its Hold to Buy on September 25, 2023, whereas the target price for the stock was revised from $20 to $25.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 15 when Sahai Sandeep sold 50,000 shares for $19.74 per share. The transaction valued at 986,940 led to the insider holds 270,838 shares of the business.
Cox James S sold 10,000 shares of CWAN for $197,374 on Feb 15. The Chief Financial Officer now owns 148,711 shares after completing the transaction at $19.74 per share. On Jan 16, another insider, Sahai Sandeep, who serves as the Chief Executive Officer of the company, sold 50,000 shares for $19.95 each. As a result, the insider received 997,320 and left with 270,490 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CWAN now has a Market Capitalization of 3.59B and an Enterprise Value of 3.38B. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.04 while its Price-to-Book (P/B) ratio in mrq is 10.43. Its current Enterprise Value per Revenue stands at 9.18 whereas that against EBITDA is -495.93.
Stock Price History:
Over the past 52 weeks, CWAN has reached a high of $21.89, while it has fallen to a 52-week low of $13.02. The 50-Day Moving Average of the stock is 19.38, while the 200-Day Moving Average is calculated to be 18.36.
Shares Statistics:
The stock has traded on average 1.21M shares per day over the past 3-months and 1.25M shares per day over the last 10 days, according to various share statistics. A total of 127.60M shares are outstanding, with a floating share count of 96.03M. Insiders hold about 54.39% of the company’s shares, while institutions hold 60.66% stake in the company. Shares short for CWAN as of Feb 15, 2024 were 4.95M with a Short Ratio of 4.08, compared to 2.22M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.35% and a Short% of Float of 4.21%.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of $0.09 for the current quarter, with a high estimate of $0.11 and a low estimate of $0.08, while EPS last year was $0.07. The consensus estimate for the next quarter is $0.1, with high estimates of $0.12 and low estimates of $0.09.
Analysts are recommending an EPS of between $0.51 and $0.37 for the fiscal current year, implying an average EPS of $0.41. EPS for the following year is $0.51, with 10 analysts recommending between $0.56 and $0.47.
Revenue Estimates
9 analysts predict $100.54M in revenue for the current quarter. It ranges from a high estimate of $101M to a low estimate of $100.38M. As of the current estimate, Clearwater Analytics Holdings Inc’s year-ago sales were $83.34M, an estimated increase of 20.60% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $105.65M, an increase of 17.50% less than the figure of $20.60% in the same quarter last year. There is a high estimate of $106.4M for the next quarter, whereas the lowest estimate is $104M.
A total of 11 analysts have provided revenue estimates for CWAN’s current fiscal year. The highest revenue estimate was $435.3M, while the lowest revenue estimate was $432.94M, resulting in an average revenue estimate of $434.41M. In the same quarter a year ago, actual revenue was $368.17M, up 18.00% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $517.2M in the next fiscal year. The high estimate is $526.52M and the low estimate is $508.28M. The average revenue growth estimate for next year is up 19.10% from the average revenue estimate for this year.
