Monthly Drifts in Clearwater Analytics Holdings Inc (CWAN) Stock: A Closer Look

Clearwater Analytics Holdings Inc [CWAN] stock prices are up 1.46% to $25.66 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CWAN shares have gain 4.69% over the last week, with a monthly amount glided 5.55%, and 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 August 19, 2024, when Citigroup initiated its Buy rating and assigned the stock a price target of $28. Previously, Oppenheimer upgraded its rating to Outperform on July 08, 2024, and kept the price target unchanged to $25. On February 29, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $22 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $24 on November 07, 2023. Loop Capital upgraded its rating to a Buy and raised its price target to $25 on September 25, 2023. MoffettNathanson started tracking with a Outperform rating for this stock on April 10, 2023, and assigned it a price target of $19.50. In a note dated January 12, 2023, Oppenheimer downgraded an Perform rating on this stock.

The stock price of Clearwater Analytics Holdings Inc [CWAN] has been fluctuating between $15.62 and $25.81 over the past year. Currently, Wall Street analysts expect the stock to reach $24.33 within the next 12 months. Clearwater Analytics Holdings Inc [NYSE: CWAN] shares were valued at $25.66 at the most recent close of the market. An investor can expect a potential drop of -5.18% based on the average CWAN price forecast.

Analyzing the CWAN fundamentals

The Clearwater Analytics Holdings Inc [NYSE:CWAN] reported sales of 403.19M for trailing twelve months, representing a surge of 18.82%. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.01 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.15.

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 25.30 points at the first support level, and at 24.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.85, and for the 2nd resistance point, it is at 26.04.

Ratios To Look Out For

It’s worth pointing out that Clearwater Analytics Holdings Inc [NYSE:CWAN]’s Current Ratio is 4.73. In addition, the Quick Ratio stands at 4.73 and the Cash Ratio stands at 2.38. Considering the valuation of this stock, the price to sales ratio is 13.92, the price to book ratio is 14.75.

Transactions by insiders

Recent insider trading involved Cox James S, Chief Financial Officer, that happened on Sep 16 ’24 when 18700.0 shares were sold. Officer, JAMES COX completed a deal on Sep 16 ’24 to buy 18700.0 shares. Meanwhile, Chief Revenue Officer Erickson Scott Stanley sold 3890.0 shares on Sep 10 ’24.

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