In the latest session, Clearwater Analytics Holdings Inc (NYSE: CWAN) closed at $16.51 down -2.48% from its previous closing price of $16.93. In other words, the price has decreased by -$0.42 from its previous closing price. On the day, 2084045 shares were traded.
Ratios:
For a deeper understanding of Clearwater Analytics Holdings Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 44.02. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 11 ’24 when WCAS XII CARBON ANALYTICS ACQU sold 16,250,000 shares for $16.90 per share. The transaction valued at 274,625,000 led to the insider holds 0 shares of the business.
WCAS XII CARBON ANALYTICS ACQU sold 16,250,000 shares of CWAN for $274,625,000 on Mar 11 ’24. The 10% Owner now owns 0 shares after completing the transaction at $16.90 per share. On Feb 15 ’24, another insider, Sahai Sandeep, who serves as the Chief Executive Officer of the company, sold 50,000 shares for $19.74 each. As a result, the insider received 986,940 and left with 270,838 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 3.51B and an Enterprise Value of 3.29B. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.44 while its Price-to-Book (P/B) ratio in mrq is 9.81. Its current Enterprise Value per Revenue stands at 8.93 whereas that against EBITDA is -482.45.
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 18.91, while the 200-Day Moving Average is calculated to be 18.41.
Shares Statistics:
For the past three months, CWAN has traded an average of 1.26M shares per day and 2.18M over the past ten days. A total of 127.60M shares are outstanding, with a floating share count of 95.63M. Insiders hold about 54.58% of the company’s shares, while institutions hold 61.79% stake in the company. Shares short for CWAN as of Feb 29, 2024 were 5.32M with a Short Ratio of 4.21, compared to 4.04M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.51% and a Short% of Float of 4.47%.
Earnings Estimates
There are 10 different market analysts currently analyzing its stock. 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 $0.5, with 11 analysts recommending between $0.56 and $0.45.
Revenue Estimates
A total of 9 analysts believe the company’s revenue will be $100.54M this 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.
