Clearwater Analytics Holdings Inc (NYSE: CWAN) is -13.73% lower on its value in year-to-date trading and has touched a low of $13.02 and a high of $21.89 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CWAN stock was last observed hovering at around $16.98 in the last trading session, with the day’s gains setting it 0.3%.
Currently trading at $17.28, the stock is -2.85% and -7.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing 1.77% at the moment leaves the stock -6.22% off its SMA200. CWAN registered 19.67% gain for a year compared to 6-month gain of -10.51%. The firm has a 50-day simple moving average (SMA 50) of $9.38 and a 200-day simple moving average (SMA200) of -$506.49.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -13.73% loss in the last 1 month and extending the period to 3 months gives it a -12.15%, and is 4.66% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.84% over the week and 3.31% over the month.
Clearwater Analytics Holdings Inc (CWAN) has around 1756 employees, a market worth around $3.64B and $368.17M in sales. Fwd P/E is 34.38. Profit margin for the company is -5.81%. Distance from 52-week low is 32.77% and -21.06% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.13%).
Clearwater Analytics Holdings Inc quarterly earnings per share for the current quarter are estimated at $0.09 with sales reaching $100.54M over the same period.The EPS is expected to grow by 25.98% this year, but quarterly earnings will post 18.00% year-over-year. Quarterly sales are estimated to grow 20.60% in year-over-year returns.
275 institutions hold shares in Clearwater Analytics Holdings Inc (CWAN), with institutional investors hold 124.35% of the company’s shares. The shares outstanding are 127.60M, and float is at 95.63M with Short Float at 5.56%. Institutions hold 122.90% of the Float.
The top institutional shareholder in the company is Warburg Pincus LLC with over 33.22 million shares valued at $527.25 million. The investor’s holdings represent 13.73% of the CWAN Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 8.3 million shares valued at $131.76 million to account for 3.43% of the shares outstanding. The other top investors are Durable Capital Partners Lp which holds 7.66 million shares representing 3.17% and valued at over $121.64 million, while Wasatch Advisors LP holds 2.68% of the shares totaling 6.48 million with a market value of $102.79 million.
Clearwater Analytics Holdings Inc (CWAN) Insider Activity
The most recent transaction is an insider sale by WCAS XII CARBON ANALYTICS ACQU, the company’s 10% Owner. SEC filings show that WCAS XII CARBON ANALYTICS ACQU sold 16,250,000 shares of the company’s common stock on Mar 11 ’24 at a price of $16.90 per share for a total of $274.62 million. Following the sale, the insider now owns 0.0 shares.
Clearwater Analytics Holdings Inc disclosed in a document filed with the SEC on Mar 11 ’24 that WCAS XII CARBON ANALYTICS ACQU (10% Owner) sold a total of 16,250,000 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $16.90 per share for $274.62 million. Following the transaction, the insider now directly holds 0.0 shares of the CWAN stock.
Still, SEC filings show that on Feb 15 ’24, Sahai Sandeep (Chief Executive Officer) disposed off 50,000 shares at an average price of $19.74 for $0.99 million. The insider now directly holds 270,838 shares of Clearwater Analytics Holdings Inc (CWAN).
