In yesterday’s Wall Street session, Clearwater Analytics Holdings Inc (NYSE:CWAN) shares traded at $30.45, up 0.66% from the previous session.
CWAN stock price is now 15.86% away from the 50-day moving average and 45.10% away from the 200-day moving average. The market capitalization of the company currently stands at $7.52B.
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With the price target enhanced from $31 to $35, DA Davidson Downgraded its rating from Buy to Neutral for Clearwater Analytics Holdings Inc (NYSE: CWAN). On November 07, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $23 to quote $33, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, WARBURG PINCUS LLC, Former 10% Owner sold 3,103,450 shares of the company’s stock on Nov 13 ’24. The stock was sold for $90,341,430 at an average price of $29.11. Upon completion of the transaction, the Former 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’24, Former 10% Owner WARBURG PINCUS LLC sold 3,103,450 shares of the business’s stock. A total of $90,341,430 was realized by selling the stock at an average price of $29.11. A total of 31.90% of the company’s stock is owned by insiders.
During the past 12 months, Clearwater Analytics Holdings Inc has had a low of $15.62 and a high of $35.71. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 4.61, and a quick ratio of 4.61. According to the stock market information, the enterprise value for the company is $6504872448, which is based on a 38062.50 price-to-earnings ratio, a 1691.67 price-to-earnings-growth ratio, and a beta of 0.66. The fifty day moving average price for CWAN is $26.1506 and a two-hundred day moving average price translates $20.92715 for the stock.
The latest earnings results from Clearwater Analytics Holdings Inc (NYSE: CWAN) was released for 2024-09-30. The net profit margin was 0.21% and return on equity was 0.25% for CWAN. The company reported revenue of $115.83 million for the quarter, compared to $94.66 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.36 percent.
