The stock of Clearwater Analytics Holdings Inc (NYSE: CWAN) has increased by 0.68 when compared to last closing price of 19.07. Despite this, the company has experienced a 1.43% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-05-30 that New Research Uncovers Key Trends, Opportunities and Challenges for Institutional Investors in Alternative Investments BOISE, Idaho, May 30, 2024 /PRNewswire/ — Clearwater Analytics (NYSE: CWAN), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced the release of its 2024 State of Alternatives study. The report, encompassing over 230 executive participants from sectors including insurance, wealth and asset management, corporate and government entities, pensions and endowments with $10 trillion in assets under management (AUM), delivers an overview of the emerging trends, opportunities and challenges related to alternative investments.
Is It Worth Investing in Clearwater Analytics Holdings Inc (NYSE: CWAN) Right Now?
The 36-month beta value for CWAN is at 0.58. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CWAN is 116.10M, and currently, shorts hold a 6.82% of that float. The average trading volume for CWAN on June 05, 2024 was 1.26M shares.
CWAN’s Market Performance
CWAN’s stock has seen a 1.43% increase for the week, with a 9.90% rise in the past month and a 10.60% gain in the past quarter. The volatility ratio for the week is 2.83%, and the volatility levels for the past 30 days are at 2.65% for Clearwater Analytics Holdings Inc The simple moving average for the last 20 days is 1.97% for CWAN stock, with a simple moving average of 2.58% for the last 200 days.
Analysts’ Opinion of CWAN
Many brokerage firms have already submitted their reports for CWAN stocks, with JP Morgan repeating the rating for CWAN by listing it as a “Neutral.” The predicted price for CWAN in the upcoming period, according to JP Morgan is $22 based on the research report published on February 29, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see CWAN reach a price target of $24. The rating they have provided for CWAN stocks is “Buy” according to the report published on November 07th, 2023.
Loop Capital gave a rating of “Buy” to CWAN, setting the target price at $25 in the report published on September 25th of the previous year.
CWAN Trading at 9.22% from the 50-Day Moving Average
After a stumble in the market that brought CWAN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.29% of loss for the given period.
Volatility was left at 2.65%, however, over the last 30 days, the volatility rate increased by 2.83%, as shares surge +8.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.82% upper at present.
During the last 5 trading sessions, CWAN rose by +1.56%, which changed the moving average for the period of 200-days by +12.36% in comparison to the 20-day moving average, which settled at $18.91. In addition, Clearwater Analytics Holdings Inc saw -4.14% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CWAN starting from Sethi Subi, who sale 18,599 shares at the price of $19.46 back on May 20 ’24. After this action, Sethi Subi now owns 77,519 shares of Clearwater Analytics Holdings Inc, valued at $362,010 using the latest closing price.
Sethi Subi, the Chief Client Officer of Clearwater Analytics Holdings Inc, sale 2,710 shares at $19.50 during a trade that took place back on May 17 ’24, which means that Sethi Subi is holding 96,118 shares at $52,849 based on the most recent closing price.
Stock Fundamentals for CWAN
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.71 for the gross margin
The net margin for Clearwater Analytics Holdings Inc stands at -0.04. The total capital return value is set at -0.02. Equity return is now at value -4.65, with -2.91 for asset returns.
Based on Clearwater Analytics Holdings Inc (CWAN), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 1.57. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is 1.94.
Currently, EBITDA for the company is -6.82 million with net debt to EBITDA at -461.03. When we switch over and look at the enterprise to sales, we see a ratio of 11.94. The receivables turnover for the company is 3.62for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.53.
Conclusion
In conclusion, Clearwater Analytics Holdings Inc (CWAN) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
