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Friday, September 29, 2023

Clearwater Analytics Holdings Inc. (NYSE: CWAN): Is It A Buying Opportunity Again?

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 $19.40. The Clearwater Analytics Holdings Inc. has recorded 17,373 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Clearwater Analytics to Host 1st Investor Day Today.

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Stocks Info

CWAN belongs to the Technology sector of the NYSE while operating in the Software – Application industry. The current market capitalization of Clearwater Analytics Holdings Inc. is $4.66B. A total of 0.79 million shares were traded on the day, compared to an average of 761.53K 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 6 BUY and 4 SELL insider trades, representing the acquisition of 31,046 and the disposition of 23,025 shares. Over the last 12 months, there were 76 BUYs and 165 SELLs from insiders. Insiders purchased 15,129,958 shares during that period but sold 16,567,528.

In the most recent transaction, Sethi Subi sold 13,418 shares of CWAN for 19.05 per share on Sep 06. After the transaction, the Chief Client Officer now owns 1,005 company shares. In a previous transaction on Aug 31, Sethi Subi sold 15,594 shares at 18.25 per share. CWAN shares that Chief Client Officer owns now total 1,005.

Among the insiders who sold shares, Sahai Sandeep disposed of 148,375 shares on Aug 30 at a per-share price of $18.03. This resulted in the Chief Executive Officer holding 34,450 shares of CWAN after the transaction. In another insider transaction, Erickson Scott Stanley sold 48,332 shares at $18.03 per share on Aug 30. Company shares held by the insider now total 1,786.

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 $21.40 with high estimates of $25.00 and low estimates of $16.00. In terms of 52-week highs and lows, CWAN has a high of $20.00 and a low of $13.02.

As of this writing, CWAN has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.1 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 $1.56, 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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