Clearwater Analytics Holdings, Inc. (CWAN)
Clearwater Analytics Holdings, Inc. is a provider of cloud-based investment accounting and performance measurement solutions. The company offers a platform that helps institutional investors, asset managers, banks, and insurance companies manage and analyze their investment portfolios through automation and real-time data insights. Founded in 2004, Clearwater Analytics is known for its scalable SaaS solutions that enhance transparency, compliance, and operational efficiency in investment management.
Company News
The Schall Law Firm is investigating potential breaches of fiduciary duty by the Enfusion board in relation to the company's $1.5 billion acquisition by Clearwater Analytics.
Clearwater Analytics reported Q2 2024 revenue of $106.79 million, up 18.8% year-over-year, and EPS of $0.10. The revenue beat analyst estimates, but EPS was in line. Key metrics like Total ARR, number of clients, and net revenue retention rate were also reported.
Souvik Das, the Chief Technology Officer of Clearwater Analytics Holdings Inc, sold 25,000 shares of the company. This is part of a broader trend of insider selling at the company, with 46 insider sells and no insider buys over the past year.
Ron Baron's 13F portfolio value decreased from $40.75B to $31.14B this quarter. Click here to read more about BAMCO's holdings and trades for Q2 2022.
CWAN earnings call for the period ending June 30, 2022.