Clearwater Analytics Holdings Inc (NYSE: CWAN) kicked off on Tuesday, up 1.03% from the previous trading day, before settling in for the closing price of $16.51. Over the past 52 weeks, CWAN has traded in a range of $13.02-$21.89.
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Annual sales at Technology sector company grew by 21.68% over the past five years. While this was happening, its average annual earnings per share was recorded 25.98%. With a float of $102.16 million, this company’s outstanding shares have now reached $127.60 million.
Let’s look at the performance matrix of the company that is accounted for 1756 employees.
Clearwater Analytics Holdings Inc (CWAN) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Clearwater Analytics Holdings Inc is 49.37%, while institutional ownership is 65.56%. The most recent insider transaction that took place on Mar 11 ’24, was worth 274,625,000. In this transaction 10% Owner of this company sold 16,250,000 shares at a rate of $16.90, taking the stock ownership to the 0 shares. Before that another transaction happened on Mar 11 ’24, when Company’s 10% Owner sold 16,250,000 for $16.90, making the entire transaction worth $274,625,000. This insider now owns 0 shares in total.
Clearwater Analytics Holdings Inc (CWAN) Latest Financial update
In the latest quarterly report, which was put into the public domain on 12/31/2023, the organization reported 0.07 earnings per share (EPS), higher than consensus estimate (set at 0.06) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 25.98% per share during the next fiscal year.
Clearwater Analytics Holdings Inc (NYSE: CWAN) Trading Performance Indicators
Take a look at Clearwater Analytics Holdings Inc’s (CWAN) current performance indicators. Last quarter, stock had a quick ratio of 5.09. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.14. Likewise, its price to free cash flow for the trailing twelve months is 42.61.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.12, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.50 in one year’s time.
Technical Analysis of Clearwater Analytics Holdings Inc (CWAN)
Clearwater Analytics Holdings Inc (NYSE: CWAN) saw its 5-day average volume 0.87 million, a negative change from its year-to-date volume of 1.21 million. As of the previous 9 days, the stock’s Stochastic %D was 53.49%. Additionally, its Average True Range was 0.41.
During the past 100 days, Clearwater Analytics Holdings Inc’s (CWAN) raw stochastic average was set at 11.09%, which indicates a significant decrease from 43.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.12% in the past 14 days, which was lower than the 32.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.56, while its 200-day Moving Average is $18.53. Nevertheless, the first resistance level for the watch stands at $17.00 in the near term. At $17.32, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.56. If the price goes on to break the first support level at $16.44, it is likely to go to the next support level at $16.20. The third support level lies at $15.88 if the price breaches the second support level.
Clearwater Analytics Holdings Inc (NYSE: CWAN) Key Stats
The company with the Market Capitalisation of 3.37 billion has total of 244,699K Shares Outstanding. Its annual sales at the moment are 368,170 K in contrast with the sum of -21,630 K annual income. Company’s last quarter sales were recorded 99,020 K and last quarter income was -4,430 K.
