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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

New Clearwater Analytics Report Highlights Key Considerations for APAC Insurers in 2024

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Clearwater Analytics (NYSE: CWAN) has published its 2024 Hong Kong & Singapore Insurance Industry Outlook report, revealing transformative trends and a healthy appetite for AI, machine learning, and cloud-based technology solutions. The study engaged over 80 insurers and insurance asset managers, representing over $2.5 trillion in assets under management. Notable findings include expectations of M&A activity, increased allocations towards private market assets, rising technology spend, and a prevailing sense of optimism among industry professionals.
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Clearwater Analytics Announces Launch of Secondary Offering of Class A Common Stock

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Clearwater Analytics Holdings, Inc. (CWAN) has announced the launch of an underwritten secondary public offering of 17,000,000 shares of the Company's Class A common stock. The Company is conducting a resale of Common Stock on behalf of certain affiliates. The underwriter will offer the shares from time to time for sale in negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. The Common Stock is listed on the New York Stock Exchange under the ticker symbol 'CWAN.'
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Clearwater Analytics Study Shows Insurer Investor Shift

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Clearwater Analytics (NYSE: CWAN) Releases 2023 Insurer Cash and Short-Term Investment Management Market Outlook Study, Highlighting the Impact of Technology Platforms on Liquidity Portfolios
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Clearwater Analytics Announces Pricing of Upsized Secondary Offering of Class A Common Stock

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Clearwater Analytics Holdings, Inc. announced the pricing of its underwritten secondary public offering of 20,000,000 shares of its Class A common stock at $17.50 per share. The offering is expected to close on November 9, 2023.
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Clearwater Analytics Announces Launch of Secondary Offering of Class A Common Stock

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Clearwater Analytics Holdings, Inc. has launched an underwritten secondary public offering of 17,000,000 shares of its Class A common stock. The offering is being conducted on behalf of certain affiliates of Welsh, Carson, Anderson & Stowe, Warburg Pincus LLC, and Permira Advisers LLC. Clearwater will not receive any proceeds from the sale. J.P. Morgan is acting as the underwriter and sole book-running manager for the proposed offering.
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Clearwater Analytics Announces Third Quarter 2023 Financial Results

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Clearwater Analytics reports record quarterly revenue of $94.7 million, up 24% YoY. Adjusted EBITDA of $28.6 million, up 51% YoY. Gross profit increases to $67.7 million, with a non-GAAP gross margin of 77.4%. Net loss of $2.3 million, including equity-based compensation expense. Operating cash flows of $31.7 million. ARR reaches $362.4 million, up 19.4% YoY. Gross revenue retention rate remains at 98%. Net revenue retention rate at 108%.
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Clearwater Analytics Wins RiskTech Buyside 50 Award for Second Consecutive Year

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Clearwater Analytics has been named the winner of the Buyside50 Award in the Investment Lifecycle – Insurance/Pension Funds category by Chartis Research. This recognition highlights Clearwater Analytics' excellence in providing SaaS-based investment management, accounting, reporting, and analytics solutions. Clearwater Analytics has secured the first-place spot for the second consecutive year, receiving the highest score in areas such as breadth of coverage, depth of functionality, technology and techniques, strategy and innovation, and market presence.
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Clearwater Analytics to Announce Third Quarter 2023 Financial Results on November 1, 2023

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Clearwater Analytics Holdings, Inc. to release financial results for Q3 2023
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Clearwater Analytics to Participate in Upcoming Investor Conferences in Fourth Quarter 2023

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Clearwater Analytics Holdings, Inc. announces participation in investor conferences
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Ofi Invest Asset Management Selects Clearwater Analytics to Power its Investment Accounting Operations

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Clearwater Analytics chosen by Ofi Invest Asset Management to power its investment accounting management
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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