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CWAN 
Clearwater Analytics Holdings Inc (CWAN)
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Upturn Advisory Summary
12/04/2025: CWAN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
12 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $28.55
1 Year Target Price $28.55
| 7 | Strong Buy |
| 4 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 9.25% | Avg. Invested days 38 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 12/04/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.08B USD | Price to earnings Ratio 13.93 | 1Y Target Price 28.55 |
Price to earnings Ratio 13.93 | 1Y Target Price 28.55 | ||
Volume (30-day avg) 12 | Beta 0.69 | 52 Weeks Range 15.73 - 32.00 | Updated Date 12/5/2025 |
52 Weeks Range 15.73 - 32.00 | Updated Date 12/5/2025 | ||
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 2025-11-05 | When - | Estimate 0.14 | Actual 0.14 |
Profitability
Profit Margin 61.3% | Operating Margin (TTM) 3.2% |
Management Effectiveness
Return on Assets (TTM) 0.6% | Return on Equity (TTM) 31.98% |
Valuation
Trailing PE 13.93 | Forward PE 30.03 | Enterprise Value 7052373669 | Price to Sales(TTM) 11.05 |
Enterprise Value 7052373669 | Price to Sales(TTM) 11.05 | ||
Enterprise Value to Revenue 11.01 | Enterprise Value to EBITDA 109.86 | Shares Outstanding 288154032 | Shares Floating 285716249 |
Shares Outstanding 288154032 | Shares Floating 285716249 | ||
Percent Insiders 0.85 | Percent Institutions 101.54 |
Upturn AI SWOT
Clearwater Analytics Holdings Inc
Company Overview
History and Background
Clearwater Analytics was founded in 2004. It started as a solution to aggregate and reconcile investment data for insurance companies. Over time, it expanded its offerings to serve other institutional investors, including asset managers, corporations, and government entities. The company went public in September 2021.
Core Business Areas
- Investment Accounting and Reporting: Provides a single instance, multi-tenant technology platform for automated investment accounting, reporting, and analytics.
- Performance Measurement: Offers performance measurement tools to analyze investment performance and attribution.
- Risk Management: Delivers risk management solutions to assess and manage investment risks.
- Data Aggregation: Aggregates investment data from various sources, providing a comprehensive view of portfolios.
Leadership and Structure
Sandeep Sahai is the Chief Executive Officer. The company has a board of directors overseeing its strategic direction. The organizational structure is divided into functional areas such as technology, sales, marketing, and finance.
Top Products and Market Share
Key Offerings
- Clearwater Prism: A platform providing investment portfolio accounting, reporting, and analytics. While exact market share is difficult to ascertain, Clearwater is a leading provider in this space. Competitors include SimCorp, BlackRock Aladdin, and State Street.
- Clearwater Sapphire: A module focused on investment accounting and reporting specifically for insurance companies. Clearwater holds a significant share within the insurance investment accounting sector. Competitors include FIS Global, SS&C Technologies, and Adenza (formerly AxiomSL).
Market Dynamics
Industry Overview
The investment management industry is increasingly demanding integrated, cloud-based solutions for accounting, reporting, and analytics. Regulatory complexity and the need for transparency are driving adoption.
Positioning
Clearwater Analytics is positioned as a leading provider of cloud-based investment accounting and analytics solutions. Its competitive advantage lies in its single-instance, multi-tenant platform, providing scalability and automation.
Total Addressable Market (TAM)
Estimates suggest a TAM of $10-15 billion for investment management solutions. Clearwater is positioned to capture a significant portion of this market by expanding its product offerings and customer base.
Upturn SWOT Analysis
Strengths
- Cloud-native platform
- High client retention rates
- Strong data aggregation capabilities
- Comprehensive functionality
Weaknesses
- Reliance on subscription revenue
- Potential for slower growth in mature markets
- Integration risk with acquired companies
Opportunities
- Expanding into new asset classes
- Geographic expansion
- Strategic partnerships
- Increasing regulatory complexity
Threats
- Competition from larger players
- Cybersecurity risks
- Economic downturn
- Changes in regulatory landscape
Competitors and Market Share
Key Competitors
- SSNC
- FIS
- BLK
Competitive Landscape
Clearwater Analytics competes with larger, more established players like SS&C and FIS. Its advantages include its modern, cloud-native platform and focus on automation. Disadvantages include its smaller size and limited resources compared to competitors.
Major Acquisitions
StatPro
- Year: 2019
- Acquisition Price (USD millions): 225
- Strategic Rationale: Expanded Clearwater's capabilities in performance measurement and attribution, as well as provided a presence in Europe.
Growth Trajectory and Initiatives
Historical Growth: Clearwater Analytics has experienced strong revenue growth in recent years, driven by new client acquisition and expansion within existing accounts.
Future Projections: Analyst estimates suggest continued revenue growth in the double digits, fueled by increasing demand for cloud-based investment management solutions.
Recent Initiatives: Recent initiatives include expanding product offerings, strengthening partnerships, and increasing investment in sales and marketing.
Summary
Clearwater Analytics is a strong player in the cloud-based investment accounting and analytics space, driven by its modern platform and high client retention. Its growth is fueled by increasing demand for automation and regulatory compliance. The company needs to carefully manage competition from larger players and continue to innovate to maintain its competitive edge.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Analyst Reports
- Industry Publications
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share data is based on estimates and may vary. Financial data requires manual updates and should be verified with official sources.
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://clearwateranalytics.com |
Full time employees 1915 | Website https://clearwateranalytics.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 to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally. It offers investment accounting and reporting, performance measurement, compliance monitoring, and risk analytics solutions. The company's Clearwater Prism SaaS-based data and reporting platform for investment data delivers a range of product modules, including Prism reporting and statements, Prism connectors, Prism data ops, and Prism managed services. It also provides Clearwater LPx, a full-service solution for private funds that delivers complete, timely, accurate, and consumable data for limited partnerships; and Clearwater MLx, a comprehensive mortgage loan investment solution that provides investors to drive growth and make informed decisions, oversight, and reporting capabilities for mortgage loan investments, as well as enhances risk reporting, servicer tracking, oversight, and accounting capabilities. In addition, the company offers Clearwater JUMP that provides a modular front, middle and back office solution to investment managers, private banks, and insurer, as well as portfolio management and order management, unit-linked funds, tri-partite templates, and full trade life cycle solutions. Further, it develops a cloud based integrated data and financial analytics platform for developers, quants, data scientists, and business users. The company was founded in 2004 and is headquartered in Boise, Idaho.
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