As of close of business last night, Clearwater Analytics Holdings Inc’s stock clocked out at $17.22, down -11.42% from its previous closing price of $19.44. In other words, the price has decreased by -$2.22 from its previous closing price. On the day, 3343500 shares were traded.
Ratios:
To gain a deeper understanding of CWAN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 49.86. For the most recent quarter (mrq), Quick Ratio is recorded 6.29 and its Current Ratio is at 6.29. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.20.
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 Mar-01-24, 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 4.03B and an Enterprise Value of 3.81B. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.31 while its Price-to-Book (P/B) ratio in mrq is 10.68. Its current Enterprise Value per Revenue stands at 10.84 whereas that against EBITDA is -588.16.
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 19.49, while the 200-Day Moving Average is calculated to be 18.34.
Shares Statistics:
It appears that CWAN traded 1.30M shares on average per day over the past three months and 956.3k shares per day over the past ten days. A total of 210.56M 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 3.80, compared to 2.22M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.39% and a Short% of Float of 4.94%.
Earnings Estimates
As of right now, 8 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.09 for the current quarter, with a high estimate of $0.11 and a low estimate of $0.07, while EPS last year was $0.07. The consensus estimate for the next quarter is $0.09, with high estimates of $0.1 and low estimates of $0.08.
Analysts are recommending an EPS of between $0.43 and $0.33 for the fiscal current year, implying an average EPS of $0.39. EPS for the following year is $0.49, with 8 analysts recommending between $0.55 and $0.41.
Revenue Estimates
In the current quarter, 9 analysts expect revenue to total $101.81M. It ranges from a high estimate of $103.1M to a low estimate of $100.26M. As of the current estimate, Clearwater Analytics Holdings Inc’s year-ago sales were $83.34M, an estimated increase of 22.20% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $107.54M, an increase of 19.60% less than the figure of $22.20% in the same quarter last year. There is a high estimate of $109M for the next quarter, whereas the lowest estimate is $106.42M.
A total of 11 analysts have provided revenue estimates for CWAN’s current fiscal year. The highest revenue estimate was $444.8M, while the lowest revenue estimate was $434.97M, resulting in an average revenue estimate of $440.14M. In the same quarter a year ago, actual revenue was $368.17M, up 19.50% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $525.51M in the next fiscal year. The high estimate is $537M and the low estimate is $515M. The average revenue growth estimate for next year is up 19.40% from the average revenue estimate for this year.
