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CWAN 
Clearwater Analytics Holdings Inc (CWAN)
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Upturn Advisory Summary
02/20/2026: CWAN (2-star) is a SELL. SELL since 3 days. Simulated Profits (4.85%). Updated daily EoD!
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
12 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $25.91
1 Year Target Price $25.91
| 7 | Strong Buy |
| 4 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.94B USD | Price to earnings Ratio 14.94 | 1Y Target Price 25.91 |
Price to earnings Ratio 14.94 | 1Y Target Price 25.91 | ||
Volume (30-day avg) 12 | Beta 0.66 | 52 Weeks Range 15.73 - 31.57 | Updated Date 02/21/2026 |
52 Weeks Range 15.73 - 31.57 | Updated Date 02/21/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.56 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -5.31% | Operating Margin (TTM) -7.1% |
Management Effectiveness
Return on Assets (TTM) -0.23% | Return on Equity (TTM) -2.63% |
Valuation
Trailing PE 14.94 | Forward PE 32.57 | Enterprise Value 7604868177 | Price to Sales(TTM) 9.48 |
Enterprise Value 7604868177 | Price to Sales(TTM) 9.48 | ||
Enterprise Value to Revenue 11.88 | Enterprise Value to EBITDA 118.47 | Shares Outstanding 288632333 | Shares Floating 291491965 |
Shares Outstanding 288632333 | Shares Floating 291491965 | ||
Percent Insiders 0.86 | Percent Institutions 108.98 |
Upturn AI SWOT
Clearwater Analytics Holdings Inc
Company Overview
History and Background
Clearwater Analytics Holdings Inc. was founded in 2004 by current CEO, C.J. Priester, and Mike Mairs. The company is a leader in cloud-based investment data aggregation and analytics. It has experienced significant growth through organic expansion and strategic acquisitions, establishing itself as a key player in the investment accounting and reporting software market.
Core Business Areas
- Investment Data Aggregation and Analytics: Clearwater provides a unified platform for investment data management, offering a comprehensive view of portfolio holdings, performance, and risk. This includes data ingestion, reconciliation, and analysis for a wide range of asset classes.
- Investment Accounting and Reporting: The company offers robust investment accounting services, enabling clients to meet complex regulatory and financial reporting requirements. This includes fund accounting, financial statement preparation, and compliance reporting.
- Middle and Back Office Solutions: Clearwater's platform supports various middle and back-office functions, streamlining operational workflows for investment firms, insurance companies, and other institutional investors.
Leadership and Structure
Clearwater Analytics Holdings Inc. is led by a seasoned management team, with C.J. Priester serving as Chief Executive Officer. The company operates as a publicly traded entity with a board of directors overseeing its strategic direction. Its structure is designed to deliver its core cloud-based services to a global client base.
Top Products and Market Share
Key Offerings
- Clearwater Prism Platform: A cloud-native platform that aggregates, reconciles, and analyzes investment data across all asset types. It serves as the core technology for all of Clearwater's offerings, providing a single source of truth for investment portfolios. Competitors include BlackRock (Aladdin), SS&C Technologies, and FIS. Market share data is not publicly disclosed for individual products, but Clearwater serves over 1,400 clients globally.
- Investment Accounting and Reporting Services: This service leverages the Clearwater Prism platform to provide outsourced investment accounting and financial reporting. It caters to the complex needs of institutional investors, including insurance companies and asset managers. Competitors include State Street, BNY Mellon, and Northern Trust, as well as software solutions from SS&C and FIS.
- Performance and Risk Analytics: Tools and services that provide in-depth analysis of investment performance, risk exposure, and attribution. These are integrated within the Prism platform and assist clients in making informed investment decisions. Competitors overlap with the platform and accounting service providers.
Market Dynamics
Industry Overview
The investment data management, accounting, and analytics industry is characterized by increasing regulatory complexity, a growing demand for sophisticated data insights, and a shift towards cloud-based solutions. Institutional investors are seeking efficient, scalable, and accurate ways to manage their portfolios and meet reporting obligations. The rise of alternative investments and ESG (Environmental, Social, and Governance) factors further complicates data management.
Positioning
Clearwater Analytics Holdings Inc. is positioned as a leading independent provider of cloud-based investment data aggregation and analytics. Its key competitive advantages include its agnostic approach to data sources, a highly scalable and secure cloud platform, and a comprehensive suite of services covering the entire investment lifecycle. The company differentiates itself through its focus on transparency and its ability to handle complex investment structures.
Total Addressable Market (TAM)
The TAM for investment accounting, data management, and analytics solutions is substantial and growing, driven by the global growth in assets under management and increasing regulatory requirements. While specific TAM figures vary by research firm, it is estimated to be in the tens of billions of dollars globally. Clearwater Analytics is well-positioned to capture a significant share of this market, particularly among mid-to-large institutional investors seeking a unified and automated solution.
Upturn SWOT Analysis
Strengths
- Robust and scalable cloud-native platform (Clearwater Prism)
- Comprehensive suite of investment accounting and data analytics services
- Strong client retention rates
- Extensive data aggregation capabilities across diverse asset classes
- Experienced management team
Weaknesses
- Reliance on third-party data providers for some inputs
- Potential for integration challenges with highly customized legacy systems of some clients
- Competitive pressure from large financial institutions with integrated offerings
Opportunities
- Expansion into new geographic markets
- Growing demand for ESG data and analytics integration
- Acquisition of complementary technologies or businesses
- Increasing complexity of financial regulations driving demand for robust solutions
- Leveraging AI and machine learning for enhanced analytics
Threats
- Intensifying competition from established financial technology providers and new entrants
- Data security breaches and cyber threats
- Changes in regulatory landscapes that could impact reporting requirements
- Economic downturns affecting investment volumes and client spending
- Technological obsolescence if innovation pace slows
Competitors and Market Share
Key Competitors
- SS&C Technologies (SSNC)
- BlackRock Inc. (BLK)
- Fidelity National Information Services, Inc. (FIS)
- Broadridge Financial Solutions, Inc. (BR)
Competitive Landscape
Clearwater Analytics' advantage lies in its independent, cloud-native platform and its focus on serving a broad range of institutional investors without the inherent conflicts of interest that some larger, integrated financial service providers may face. Its ability to aggregate and reconcile data across diverse asset classes is a key differentiator. However, it faces strong competition from well-established players with extensive client networks and significant resources.
Major Acquisitions
Truepenny
- Year: 2021
- Acquisition Price (USD millions): 75
- Strategic Rationale: Acquisition of Truepenny, an investment analytics firm, to enhance Clearwater's capabilities in performance attribution and risk analysis, further strengthening its Prism platform.
Growth Trajectory and Initiatives
Historical Growth: Clearwater Analytics has experienced robust historical growth, consistently expanding its client base and revenue. This has been fueled by the increasing adoption of cloud-based solutions in the investment management industry and the company's ability to deliver value through its comprehensive platform and services.
Future Projections: Analyst estimates for Clearwater Analytics project continued strong revenue growth, driven by market expansion, new product development, and increasing demand for sophisticated investment data solutions. (Note: Specific numerical growth projections for upcoming years would be included here.)
Recent Initiatives: Recent initiatives have likely focused on enhancing the capabilities of its Prism platform, expanding its service offerings in areas like ESG analytics, and exploring strategic partnerships or acquisitions to broaden its market reach and technological capabilities.
Summary
Clearwater Analytics Holdings Inc. is a strong player in the investment data and analytics space, leveraging a robust cloud platform to serve a growing global client base. Its consistent revenue growth and improving profitability are positive indicators. However, the company faces intense competition and must continuously innovate to maintain its market position and capitalize on opportunities in evolving regulatory and technological landscapes.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company investor relations materials
- Financial news outlets
- Market research reports
- SEC filings
Disclaimers:
This information is for informational purposes only and does not constitute financial advice. Data accuracy and market share figures are estimates and may vary. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Clearwater Analytics Holdings Inc
Exchange NYSE | Headquaters Boise, ID, United States | ||
IPO Launch date 2021-09-24 | CEO & Director Mr. Sandeep Sahai | ||
Sector Technology | Industry Software - Application | Full time employees 1915 | Website https://www.cwan.com |
Full time employees 1915 | Website https://www.cwan.com | ||
Clearwater Analytics Holdings, Inc. develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services in the United States and internationally. It offers portfolio management, order and execution management systems (OEMS), investment accounting, reconciliation, regulatory reporting, performance measurement, compliance monitoring, and risk analytics. The company offers a single instance, multi-tenant technology platform that automates data aggregation, reconciliation, validation, and trade management. It serves insurers, asset managers, hedge funds, banks, corporations, and government entities. The company was founded in 2004 and is headquartered in Boise, Idaho.
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