Clearwater Analytics Holdings, Inc.
CWANClearwater 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
Tensile Capital Management increased its Clearwater Analytics stake by 1.2 million shares in Q3, bringing its total position to 2.5 million shares valued at $45.5 million, despite the stock's 27.5% decline over the past year.
Clearwater Analytics saw a significant after-hours stock surge of 19% following reports that private equity firms Warburg Pincus and Permira are in talks to potentially acquire the investment and accounting software company.
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.
