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Clearwater Analytics Holdings, Inc. - CWAN STOCK NEWS

Welcome to our dedicated page for Clearwater Analytics Holdings news (Ticker: CWAN), a resource for investors and traders seeking the latest updates and insights on Clearwater Analytics Holdings stock.

Clearwater Analytics Holdings, Inc. (NYSE: CWAN) is a renowned provider of SaaS-based solutions that streamline investment management, accounting, reporting, and analytics for insurers, investment managers, corporations, institutional investors, and government entities. Headquartered in Boise, Idaho, Clearwater Analytics offers a robust platform that automates investment data aggregation, reconciliation, accounting, and reporting.

Core Business: The company generates revenue by providing access to its SaaS platform, selling software licenses, and offering maintenance, support, and professional services. Most of its revenue comes from the United States.

Recent Achievements: In March 2024, Clearwater announced an underwritten secondary public offering of 16,250,000 shares of Class A common stock. Around the same time, MSIG Singapore selected Clearwater's platform for its investment data management and reporting operations, and Aegon Asset Management implemented Clearwater PRISM for global client reporting.

Current Projects: Clearwater is acquiring risk and performance analytics solutions from Wilshire Advisors LLC to enhance its platform, creating the new Clearwater Wilshire Analytics. This acquisition, expected to close in the second quarter of 2024, will help clients with performance and risk attribution, security-level portfolio construction, and more.

Financial Condition: As of Q1 2024, Clearwater reported 21% organic year-over-year revenue growth, driven by strong adoption of its platform and innovative product offerings. The company's robust financial performance highlights its market position and operational efficiency.

Partnerships: Clearwater collaborates with industry leaders like MSIG Singapore and Aegon AM, emphasizing its commitment to providing top-tier investment management solutions.

Products: Clearwater's platform supports investment portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management. The newly integrated Clearwater Wilshire Analytics will further enhance these capabilities.

News

Clearwater Analytics Selected by T. Rowe Price to Power Stable Value Investment Operations

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Clearwater Analytics (CWAN) partners with T. Rowe Price to provide Clearwater for Stable Value solution, enhancing stable value fund operations. The solution offers accurate, timely data, market and contract value insights, and streamlined processes for investment contract issuers.
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Clearwater Analytics Announces Fourth Quarter and Full Year 2023 Financial Results

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Clearwater Analytics Holdings, Inc. (NYSE: CWAN) reported Q4 2023 revenue of $99.0 million, up 20% year-over-year, with full-year 2023 revenue reaching $368.2 million, up 21% year-over-year. The company achieved an Adjusted EBITDA margin of 30.3% in Q4 2023, with Free Cash Flows of $22.5 million. The Gross Revenue Retention Rate was 98%, and the Net Revenue Retention Rate stood at 107%. Clearwater Analytics experienced a net loss of $(3.4) million in Q4 2023 and $(23.1) million for the full year 2023. Despite this, the company's Adjusted EBITDA reached $30.0 million in Q4 2023, showing a positive trend in financial performance.
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Clearwater Analytics Extends Support for Accounting With Fund Accounting and Pooled Participant Interaction

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Clearwater Analytics (NYSE: CWAN) launches Clearwater for Pooled Funds, revolutionizing state treasuries' investment management. The solution simplifies operations, providing accurate data, customizable reporting, and participant access.
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Clearwater Analytics Empowers Investors with Clearwater MLx, A Comprehensive Mortgage Loan Investment Solution

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Clearwater Analytics (CWAN) introduces Clearwater MLx, an all-in-one solution for mortgage loan investors, addressing legacy solution limitations. The new platform provides investment professionals with comprehensive tools for growth, risk management, and informed decision-making throughout the loan lifecycle.
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Clearwater Analytics to Participate in Upcoming Investor Conferences in First Quarter 2024

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Clearwater Analytics Holdings, Inc. (NYSE: CWAN) announced that its Chief Financial Officer will be participating in investor conferences in the first quarter of 2024. The CFO will join fireside chats and one-on-one meetings at the Morgan Stanley Technology, Media & Telecom Conference and the Loop Capital Markets 5th Annual Investor Conference. The webcast from the fireside chat will be available on Clearwater Analytics' investor relations website.
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Clearwater Analytics to Announce Fourth Quarter and Full Year 2023 Financial Results on February 28, 2024

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Clearwater Analytics Holdings, Inc. (CWAN) will release its financial results for Q4 and full year 2023 on February 28, 2024. The company will also host a conference call and file its Annual Report on Form 10-K with the SEC on February 29, 2024.
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Clearwater Analytics Expands International Leadership Team with Appointment of Keith Viverito

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Clearwater Analytics (NYSE: CWAN) has appointed Keith Viverito as Managing Director, EMEA, to drive global expansion and strengthen its go-to-market strategy. Viverito's extensive experience in high-growth companies serving financial markets and his track record of delivering exceptional results make him a valuable addition to the leadership team. With a focus on accelerating growth in EMEA and APAC, Clearwater aims to leverage Viverito's strategic vision and dynamic leadership to achieve long-term success in international markets.
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Caisse Centrale de Réassurance Selects Clearwater's Full-Investment Lifecycle Solution

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Clearwater Analytics (NYSE: CWAN) has been chosen by Caisse Centrale de Réassurance (CCR) to power its entire investment management processes and streamline its unlisted assets workflow. This partnership will provide CCR with a comprehensive solution for front-, middle-, and back-office investment operations, offering a modular, all-in-one solution for insurers and asset management firms. The platform will support French regulation requirements and local best practices, giving CCR the capabilities to consolidate assets, automate processes, and optimize performance.
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Clearwater Analytics Wins InsuranceAsia News Excellence Award for Second Consecutive Year

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Clearwater Analytics (CWAN) has been recognized by InsuranceAsia News as the winner of the Technology Provider of the Year Excellence Award for the second year in a row. The company's SaaS solution consolidates multi-asset portfolio data, enhances data quality, reduces management costs, and eliminates manual reconciliation processes for insurers. Clearwater's commitment to reinvesting 25% of revenue into research and development positions them to capitalize on emerging technologies, including generative AI. The company has received several industry awards, highlighting its competitive advantage, data quality improvements, and efficiencies delivered to clients.
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Clearwater Analytics Strengthens Leadership Team with Key Appointments

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Clearwater Analytics (NYSE: CWAN) appoints Shane Akeroyd as Chief Strategy Officer and Ann-Sophie Skjoldager Bom as Sales Director for Strategic Asset Management clients, aiming to expand its product portfolio and drive business growth.
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FAQ

What is the current stock price of Clearwater Analytics Holdings (CWAN)?

The current stock price of Clearwater Analytics Holdings (CWAN) is $28.7 as of December 20, 2024.

What is the market cap of Clearwater Analytics Holdings (CWAN)?

The market cap of Clearwater Analytics Holdings (CWAN) is approximately 6.4B.

What services does Clearwater Analytics offer?

Clearwater Analytics provides SaaS-based solutions for investment management, accounting, reporting, and analytics, including data aggregation, reconciliation, and compliance.

How does Clearwater Analytics generate revenue?

The company earns revenue from SaaS platform access, software license sales, and maintenance, support, and professional services.

What recent partnerships has Clearwater Analytics formed?

Recent partnerships include MSIG Singapore for investment data management and Aegon AM for global client reporting using Clearwater PRISM.

What is the significance of the Wilshire acquisition?

Clearwater's acquisition of Wilshire's analytics solutions will enhance its platform, creating Clearwater Wilshire Analytics for improved performance and risk management.

What recent financial performance did Clearwater Analytics report?

In Q1 2024, Clearwater reported 21% organic year-over-year revenue growth, driven by strong platform adoption and innovative products.

Where is Clearwater Analytics headquartered?

Clearwater Analytics is headquartered in Boise, Idaho.

What type of clients does Clearwater Analytics serve?

Clearwater serves insurers, investment managers, corporations, institutional investors, and government entities.

What products does Clearwater Analytics offer?

Products include solutions for investment portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management.

How does Clearwater Analytics support international reporting standards?

Clearwater's platform helps clients comply with international standards like IFRS 9 through consistent, reconciled data and robust reporting capabilities.

How does Clearwater Analytics ensure data security?

Clearwater implements strong security measures and compliance protocols to protect confidential information and ensure data integrity.

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Clearwater Analytics Holdings, Inc.

NYSE:CWAN

CWAN Rankings

#1105 Ranked by Market Cap
N/A Ranked by Dividends

CWAN Stock Data

6.40B
227.06M
0.88%
103.48%
2.91%
Software - Application
Services-prepackaged Software
Link
United States of America
BOISE