Clearwater Analytics Holdings Inc [CWAN] stock is trading at $16.29, up 0.37%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CWAN shares have lost -0.55% over the last week, with a monthly amount drifted -3.09%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Clearwater Analytics Holdings Inc [NYSE: CWAN] stock has seen the most recent analyst activity on February 29, 2024, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $22 from $24. Previously, UBS started tracking the stock with Buy rating on November 07, 2023, and set its price target to $24. On September 25, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $25 on the stock. MoffettNathanson started tracking the stock assigning a Outperform rating and suggested a price target of $19.50 on April 10, 2023. Oppenheimer downgraded its rating to a Perform. Goldman downgraded its rating to Sell for this stock on July 13, 2022, and downed its price target to $12. In a note dated October 19, 2021, William Blair initiated an Outperform rating.
Clearwater Analytics Holdings Inc [CWAN] stock has fluctuated between $13.02 and $21.89 over the past year. Currently, Wall Street analysts expect the stock to reach $19 within the next 12 months. Clearwater Analytics Holdings Inc [NYSE: CWAN] shares were valued at $16.29 at the most recent close of the market. An investor can expect a potential return of 16.64% based on the average CWAN price forecast.
Analyzing the CWAN fundamentals
Clearwater Analytics Holdings Inc [NYSE:CWAN] reported sales of 368.17M for the trailing twelve months, which represents a growth of 19.75%. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.07 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.16.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.19 points at the first support level, and at 16.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.41, and for the 2nd resistance point, it is at 16.52.
Ratios To Look Out For
For context, Clearwater Analytics Holdings Inc’s Current Ratio is 5.09. Also, the Quick Ratio is 5.09, while the Cash Ratio stands at 2.74. Considering the valuation of this stock, the price to sales ratio is 8.93, the price to book ratio is 9.68.
Transactions by insiders
Recent insider trading involved WCAS XII CARBON ANALYTICS ACQU, 10% Owner, that happened on Mar 11 ’24 when 16.25 million shares were sold. 10% Owner, WCAS XII CARBON ANALYTICS ACQU completed a deal on Mar 11 ’24 to sell 16.25 million shares. Meanwhile, Chief Executive Officer Sahai Sandeep sold 50000.0 shares on Feb 15 ’24.
