Clearwater Analytics Holdings Inc [CWAN] stock is trading at $19.09, 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 gain 3.08% over the last week, with a monthly amount drifted -2.40%, 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 July 08, 2024, when Oppenheimer upgraded its rating to a Outperform but kept the price target unchanged to $25 for it. Previously, JP Morgan downgraded its rating to Neutral on February 29, 2024, and dropped its price target to $22. On November 07, 2023, UBS initiated with a Buy rating and assigned a price target of $24 on the stock. Loop Capital upgraded its rating to a Buy and increased its price target to $25 on September 25, 2023. MoffettNathanson initiated its recommendation with a Outperform and recommended $19.50 as its price target on April 10, 2023. Oppenheimer downgraded its rating to Perform for this stock on January 12, 2023. In a note dated July 13, 2022, Goldman downgraded an Sell rating on this stock and revised its target price from $23 to $12.
Clearwater Analytics Holdings Inc [CWAN] stock has fluctuated between $15.28 and $21.89 over the past year. Currently, Wall Street analysts expect the stock to reach $22.5 within the next 12 months. Clearwater Analytics Holdings Inc [NYSE: CWAN] shares were valued at $19.09 at the most recent close of the market. An investor can expect a potential return of 17.86% based on the average CWAN price forecast.
Analyzing the CWAN fundamentals
Clearwater Analytics Holdings Inc [NYSE:CWAN] reported sales of 386.28M for the trailing twelve months, which represents a growth of 21.41%. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.04 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.15.
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 18.93 points at the first support level, and at 18.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.40, and for the 2nd resistance point, it is at 19.72.
Ratios To Look Out For
For context, Clearwater Analytics Holdings Inc’s Current Ratio is 5.53. Also, the Quick Ratio is 5.53, while the Cash Ratio stands at 2.68. Considering the valuation of this stock, the price to sales ratio is 10.80, the price to book ratio is 11.55.
Transactions by insiders
Recent insider trading involved WARBURG PINCUS LLC, Director, that happened on Jun 12 ’24 when 7.0 million shares were sold. Director, WARBURG PINCUS LLC completed a deal on Jun 12 ’24 to sell 7.0 million shares. Meanwhile, Director Galibier Purchaser, LLC sold 4.92 million shares on Jun 12 ’24.
