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Wednesday, June 7, 2023

An Evaluation Of Clearwater Analytics Holdings Inc. (NYSE: CWAN) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Clearwater Analytics Holdings Inc. (CWAN) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $16.00. The Clearwater Analytics Holdings Inc. has recorded 69,603 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Clearwater Analytics Publishes 2023 Insurance Investment Outsourcing Report.

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Stocks Info

CWAN belongs to the Technology sector of the NYSE while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $16.00 and fluctuated between $16.41 as its day high and $15.80 as its day low. The current market capitalization of Clearwater Analytics Holdings Inc. is $3.70B. A total of 0.89 million shares were traded on the day, compared to an average of 683.02K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CWAN has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 35,000 and the disposition of 35,000 shares. Over the last 12 months, there were 94 BUYs and 118 SELLs from insiders. Insiders purchased 2,939,141 shares during that period but sold 2,501,297.

In the most recent transaction, WCAS XII CARBON ANALYTICS ACQU sold 729,953 shares of CWAN for 14.50 per share on Mar 31. After the transaction, the 10% Owner now owns 0 company shares. In a previous transaction on Mar 31, WCAS XII CARBON ANALYTICS ACQU sold 729,953 shares at 14.50 per share. CWAN shares that 10% Owner owns now total 0.

Among the insiders who sold shares, WCAS XII CARBON ANALYTICS ACQU disposed of 1,220,047 shares on Mar 28 at a per-share price of $14.50. This resulted in the 10% Owner holding 0 shares of CWAN after the transaction. In another insider transaction, WCAS XII CARBON ANALYTICS ACQU sold 1,220,047 shares at $14.50 per share on Mar 28. Company shares held by the 10% Owner now total 0.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CWAN in the last 3 months, the mean price target is $18.75 with high estimates of $23.00 and low estimates of $14.00. In terms of 52-week highs and lows, CWAN has a high of $20.00 and a low of $11.23.

As of this writing, CWAN has an earnings estimate of $0.07 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.09 per share and a lower estimate of $0.06. The company reported an EPS of $0.07 in the last quarter, which was 16.70% higher than expectations of $0.06.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CWAN’s latest balance sheet shows that the firm has $254.60M in Cash & Short Term Investments as of fiscal 2021. There were $53.91M in debt and $30.98M in liabilities at the time. Its Book Value Per Share was $1.50, while its Total Shareholder’s Equity was $262.08M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CWAN is Buy with a score of 3.82.

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