Clearwater Analytics Holdings, Inc. (CWAN)

US — Technology Sector
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Key Metrics & Ratings

  • symbol CWAN
  • Rev/Share 2.0363
  • Book/Share 7.3456
  • PB 3.3094
  • Debt/Equity 0.4701
  • CurrentRatio 2.018
  • ROIC -0.0029

 

  • MktCap 6932986010.0
  • FreeCF/Share 0.3147
  • PFCF 81.3998
  • PE 16.0302
  • Debt/Assets 0.3061
  • DivYield 0
  • ROE 0.3615

 

  • Rating A-
  • Score 4
  • Recommendation Buy
  • P/E Score 3
  • DCF Score 3
  • P/B Score 3
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade CWAN Oppenheimer Outperform Perform -- -- Dec. 22, 2025
Downgrade CWAN William Blair Outperform Market Perform -- -- Dec. 22, 2025
Upgrade CWAN Goldman Neutral Buy -- $27 Aug. 12, 2025
Resumed CWAN Piper Sandler -- Overweight -- $27 June 24, 2025
Resumed CWAN Goldman -- Neutral -- $26 May 19, 2025
Resumed CWAN JP Morgan -- Overweight -- $28 April 25, 2025
Upgrade CWAN Piper Sandler Neutral Overweight $28 $36 Feb. 20, 2025
Upgrade CWAN Morgan Stanley Equal Weight Overweight $30 $34 Jan. 17, 2025
Upgrade CWAN DA Davidson Neutral Buy $35 $32 Jan. 14, 2025
Initiation CWAN Citigroup -- Buy -- $28 Aug. 19, 2024

News

Halper Sadeh LLC Encourages CWAN and JHG Shareholders to Contact the Firm to Discuss Their Rights
CWAN, JHG
Published: December 23, 2025 by: GlobeNewsWire
Sentiment: Neutral

Shareholders should contact the firm as there may be limited time to enforce your rights Shareholders should contact the firm as there may be limited time to enforce your rights

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image for news Halper Sadeh LLC Encourages CWAN and JHG Shareholders to Contact the Firm to Discuss Their Rights
CWAN Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Clearwater Analytics to Permira and Other Investors
CWAN
Published: December 23, 2025 by: GlobeNewsWire
Sentiment: Neutral

MONSEY, N.Y., Dec. 23, 2025 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Clearwater Analytics Holdings, Inc. (NYSE: CWAN) (“Clearwater”) for $24.55 per share in cash to Permira, Warburg Pincus and other investors.

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image for news CWAN Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Clearwater Analytics to Permira and Other Investors
Shareholder Alert: The Ademi Firm investigates whether Clearwater Analytics Holdings, Inc. is obtaining a Fair Price for its Public Shareholders
CWAN
Published: December 22, 2025 by: PRNewsWire
Sentiment: Neutral

MILWAUKEE , Dec. 22, 2025 /PRNewswire/ -- The Ademi Firm is investigating Clearwater Analytics (Nasdaq: CWAN) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with a Permira and Warburg Pincus-led Investor Group. Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995.

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image for news Shareholder Alert: The Ademi Firm investigates whether Clearwater Analytics Holdings, Inc. is obtaining a Fair Price for its Public Shareholders
5 Things to Know Before the Stock Market Opens
CWAN, TSLA
Published: December 22, 2025 by: Investopedia
Sentiment: Positive

Stock futures are rising Monday as the market looks to open the holiday-shortened trading week on a positive note; gold and silver prices hit record highs early this morning; crude oil prices are surging as the U.S. Coast Guard is reportedly pursuing another Venezuelan oil tanker; Tesla CEO Elon Musk's 2018 pay package has been reinstated by the Delaware Supreme Court; and fintech software maker Clearwater Analytics will be taken private in a deal worth over $8 billion. Here's what you need to know today.

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image for news 5 Things to Know Before the Stock Market Opens
$8.4B take-private deal sends Clearwater shares higher, analysts flag undervaluation
CWAN
Published: December 22, 2025 by: Invezz
Sentiment: Positive

Clearwater Analytics' share price surged nearly 8% in premarket trading on Monday after the company agreed to an $8.4 billion take-private deal led by private equity firms Permira and Warburg Pincus. Under the terms of the transaction, Clearwater shareholders will receive $24.

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image for news $8.4B take-private deal sends Clearwater shares higher, analysts flag undervaluation
Clearwater Analytics Stock Surges After $8.4 Billion Take-Private Deal. What to Know.
CWAN
Published: December 22, 2025 by: Barrons
Sentiment: Positive

Clearwater shareholders will receive $24.55 a share in cash, representing a premium of about 47% over its share price on Nov. 10.

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image for news Clearwater Analytics Stock Surges After $8.4 Billion Take-Private Deal. What to Know.
Clearwater Analytics went on a buying spree. Now it's getting bought in an $8.4 billion deal.
CWAN
Published: December 22, 2025 by: Market Watch
Sentiment: Positive

Clearwater Analytics over the weekend agreed to a buyout from private-equity firms, after the stock market failed to reward a string of acquisitions the fund management accounting software provider made.

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image for news Clearwater Analytics went on a buying spree. Now it's getting bought in an $8.4 billion deal.
CWAN Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Clearwater Analytics Holdings, Inc. is Fair to Shareholders
CWAN
Published: December 21, 2025 by: Business Wire
Sentiment: Neutral

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Clearwater Analytics Holdings, Inc. (NYSE: CWAN) to Permira and Warburg Pincus for $24.55 per share in cash is fair to Clearwater shareholders. Halper Sadeh encourages Clearwater shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected]. The investigation.

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image for news CWAN Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Clearwater Analytics Holdings, Inc. is Fair to Shareholders
Permira-, Warburg-Led Consortium to Acquire Clearwater Analytics in $8.4B Deal
CWAN
Published: December 21, 2025 by: WSJ
Sentiment: Positive

Singapore state-owned investor Temasek is also part of the deal to acquire the fintech software company, while investor group Francisco Partners is supporting the acquisition.

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image for news Permira-, Warburg-Led Consortium to Acquire Clearwater Analytics in $8.4B Deal
Clearwater Analytics to Be Acquired for $8.4 Billion by Permira and Warburg Pincus, Supported by Francisco Partners and With Participation From Temasek
CWAN
Published: December 21, 2025 by: Business Wire
Sentiment: Neutral

BOISE, Idaho--(BUSINESS WIRE)--Clearwater Analytics (NYSE: CWAN) (“CWAN” or the “Company”), announced that it has entered into a definitive agreement to be acquired in a transaction valued at approximately $8.4 billion by a Permira and Warburg Pincus-led Investor Group (the “Investor Group”), with participation from Temasek. The Investor Group has key support from Francisco Partners. After a thorough process including engaging with certain strategics and financial sponsors, the Special Committe.

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image for news Clearwater Analytics to Be Acquired for $8.4 Billion by Permira and Warburg Pincus, Supported by Francisco Partners and With Participation From Temasek
Permira, Warburg near $8.2 bln deal for Clearwater Analytics, sources say
CWAN
Published: December 21, 2025 by: Reuters
Sentiment: Positive

A group of private equity firms led by Permira and Warburg Pincus has clinched a deal to acquire investment and accounting software maker Clearwater Analytics Holdings for about $8.2 billion, including debt, two sources familiar with the matter said.

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image for news Permira, Warburg near $8.2 bln deal for Clearwater Analytics, sources say
Clearwater Analytics Holdings, Inc. (CWAN) Discussion of Economic Outlook and Market Forces Influencing Institutional Portfolio Strategies Transcript
CWAN
Published: December 18, 2025 by: Seeking Alpha
Sentiment: Neutral

Clearwater Analytics Holdings, Inc. (CWAN) Discussion of Economic Outlook and Market Forces Influencing Institutional Portfolio Strategies Transcript

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image for news Clearwater Analytics Holdings, Inc. (CWAN) Discussion of Economic Outlook and Market Forces Influencing Institutional Portfolio Strategies Transcript
Exclusive: Buyout firm Thoma Bravo has offered to buy Clearwater Analytics, sources say
CWAN
Published: November 17, 2025 by: Reuters
Sentiment: Positive

Private equity firm Thoma Bravo has made an offer to acquire Clearwater Analytics , people familiar with the matter said on Monday.

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image for news Exclusive: Buyout firm Thoma Bravo has offered to buy Clearwater Analytics, sources say
CWAN Honors Investment Management Leaders with 2025 Excellence Awards
CWAN
Published: September 17, 2025 by: Business Wire
Sentiment: Neutral

BOISE, Idaho--(BUSINESS WIRE)--Clearwater Analytics (NYSE: CWAN), the most comprehensive technology platform for investment management, today announced the winners of its Client Excellence Awards at its annual user conference Connect ‘25. The awards spotlight the industry pioneers who are setting new standards in investment management operations through transformational technology and operational breakthroughs. “These award winners exemplify what happens when innovation meets determination,” sa.

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image for news CWAN Honors Investment Management Leaders with 2025 Excellence Awards
Clearwater Analytics Holdings, Inc. (CWAN) Presents At Citi's 2025 Global Technology, Media And Telecommunications Conference (Transcript)
CWAN
Published: September 15, 2025 by: Seeking Alpha
Sentiment: Neutral

Clearwater Analytics Holdings, Inc. (NYSE:CWAN ) Citi's 2025 Global Technology, Media and Telecommunications Conference September 4, 2025 1:30 PM EDT Company Participants Sandeep Sahai - CEO & Director James Cox - Chief Financial Officer Conference Call Participants Daniel Mcdow - Citi Presentation Sandeep Sahai CEO & Director [Audio Gap] bond, that data was used for all clients. And if they made any changes, all the clients saw it right away.

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image for news Clearwater Analytics Holdings, Inc. (CWAN) Presents At Citi's 2025 Global Technology, Media And Telecommunications Conference (Transcript)
Agile Investment Management Selects CWAN for Integrated Risk and Performance Analytics
CWAN
Published: September 15, 2025 by: Business Wire
Sentiment: Neutral

BOISE, Idaho & NEW YORK & CHICAGO & LONDON & HONG KONG--(BUSINESS WIRE)--Clearwater Analytics (NYSE: CWAN), the most comprehensive technology platform for investment management, today announced that Agile Investment Management, LLC has chosen CWAN's integrated risk and performance attribution solution. This implementation demonstrates the power of CWAN's unified ecosystem, giving Agile something they didn't have before: one connected platform delivering real-time risk management and performance.

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image for news Agile Investment Management Selects CWAN for Integrated Risk and Performance Analytics
CWAN Announces $100 Million Share Repurchase Program
CWAN
Published: September 03, 2025 by: Business Wire
Sentiment: Neutral

BOISE, Idaho & NEW YORK & CHICAGO & LONDON & HONG KONG--(BUSINESS WIRE)--Clearwater Analytics (NYSE: CWAN) (“CWAN” or “Company”), the most comprehensive technology platform for investment management, today announced that its Board of Directors has authorized a $100 million share repurchase program. At yesterday's closing price of $20.19, the $100 million share repurchase program would result in the buyback of approximately 5 million shares. This would partially offset the dilutive impact of rec.

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image for news CWAN Announces $100 Million Share Repurchase Program
Baron Discovery Fund Q2 2025: Winners And Setbacks Shaping The Portfolio
CWAN, DKNG, INSP, IRT, KRMN, KTOS, MAC, MEG
Published: August 11, 2025 by: Seeking Alpha
Sentiment: Positive

Kratos Defense, Montrose Environmental, and Karman Holdings drove strong quarterly performance, benefiting from secular tailwinds and robust demand in defense and environmental sectors. We see Kratos and Karman as well positioned for multi-year growth, leveraging investments in hypersonics, missile defense, and space technologies amid rising defense budgets. Montrose Environmental rebounded as regulatory fears eased, organic growth accelerated, and debt reduction improved transparency, supporting our continued conviction in its long-term value.

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image for news Baron Discovery Fund Q2 2025: Winners And Setbacks Shaping The Portfolio
Clearwater Analytics Holdings, Inc. (CWAN) Q2 2025 Earnings Call Transcript
CWAN
Published: August 07, 2025 by: Seeking Alpha
Sentiment: Neutral

Clearwater Analytics Holdings, Inc. (NYSE:CWAN ) Q2 2025 Earnings Conference Call August 6, 2025 5:00 PM ET Company Participants James S. Cox - Chief Financial Officer Mike Chen - Senior VP & Head of Corporate Development Sandeep Sahai - CEO & Director Conference Call Participants Alexei Mihaylovich Gogolev - JPMorgan Chase & Co Camden Edward Levy - Oppenheimer & Co. Inc. Dylan Tyler Becker - William Blair & Company L.L.C.

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image for news Clearwater Analytics Holdings, Inc. (CWAN) Q2 2025 Earnings Call Transcript
Clearwater Analytics (CWAN) to Report Q2 Results: Wall Street Expects Earnings Growth
CWAN
Published: July 23, 2025 by: Zacks Investment Research
Sentiment: Positive

Clearwater Analytics (CWAN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Clearwater Analytics (CWAN) to Report Q2 Results: Wall Street Expects Earnings Growth
Bloomberg And Clearwater Analytics Partner to Optimize Investment Management Workflows
CWAN
Published: July 09, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , July 9, 2025 /PRNewswire/ -- Bloomberg and Clearwater Analytics (NYSE: CWAN) ("Clearwater") today announced a strategic collaboration to deliver a front-to-back investment solution for asset owners and asset managers using an open and modular approach. This collaboration brings together best-in-class solutions to introduce a comprehensive investment management offering.

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image for news Bloomberg And Clearwater Analytics Partner to Optimize Investment Management Workflows
Bloomberg And Clearwater Analytics Partner to Optimize Investment Management Workflows
CWAN
Published: July 09, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , July 9, 2025 /PRNewswire/ -- Bloomberg and Clearwater Analytics (NYSE: CWAN) ("Clearwater") today announced a strategic collaboration to deliver a front-to-back investment solution for asset owners and asset managers using an open and modular approach. This collaboration brings together best-in-class solutions to introduce a comprehensive investment management offering.

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image for news Bloomberg And Clearwater Analytics Partner to Optimize Investment Management Workflows
HG Re Ltd. Selects Clearwater Analytics for Performance Attribution and Risk Management
CWAN
Published: June 18, 2025 by: Business Wire
Sentiment: Neutral

BOISE, Idaho & CHICAGO & NEW YORK & LONDON--(BUSINESS WIRE)--Clearwater Analytics (NYSE: CWAN), the most comprehensive technology platform for investment management, today announced that HG Re Ltd. has selected Clearwater to enhance its investment performance measurement and risk analytics capabilities. This implementation will provide HG Re with advanced tools to support data-driven investment decisions and improve portfolio oversight. By adopting Clearwater, HG Re is streamlining its operatio.

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image for news HG Re Ltd. Selects Clearwater Analytics for Performance Attribution and Risk Management
Clearwater Analytics: Boosting Vertical Integration Through Recent Acquisitions (Upgrade)
CWAN
Published: May 08, 2025 by: Seeking Alpha
Sentiment: Positive

Clearwater Analytics reported strong Q1 2025 results, beating revenue and earnings estimates, and has turned operating income positive. CWAN's growth strategy includes major acquisitions to enhance its SaaS platform, targeting vertical integration, and expanding capabilities. The company is well-positioned in the growing investment management software market, with a focus on data interoperability, vendor consolidation, and generative AI technologies.

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image for news Clearwater Analytics: Boosting Vertical Integration Through Recent Acquisitions (Upgrade)
ENFUSION INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Enfusion, Inc. - ENFN
CWAN, ENFN
Published: April 02, 2025 by: Business Wire
Sentiment: Neutral

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Enfusion, Inc. (NYSE: ENFN) to Clearwater Analytics Holdings, Inc. (NYSE: CWAN). Under the terms of the proposed transaction, shareholders of Enfusion will receive $5.85 in cash and $5.40 in Clearwater Class A Common Stock for each share of Enfusion that they own. KSF is seeking to determine whether this consi.

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image for news ENFUSION INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Enfusion, Inc. - ENFN
Software Stock Hits All-Time High Amid Generative AI Transformer Push, Eyes New Buy Point
CWAN
Published: February 24, 2025 by: Investors Business Daily
Sentiment: Positive

Clearwater Analytics hit an all-time high and has formed a base amid fourth-quarter earnings. The stock leads the software-finance group.

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image for news Software Stock Hits All-Time High Amid Generative AI Transformer Push, Eyes New Buy Point
Clearwater Analytics' Enfusion Infusion Offers Compelling Value Proposition, Analyst Upgrades Stock
CWAN
Published: February 20, 2025 by: Benzinga
Sentiment: Positive

Piper Sandler analyst Arvind Ramnani upgraded the shares of Clearwater Analytics Holdings Inc CWAN from Neutral to Overweight and raised the price forecast from $28.00 to $36.00.

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image for news Clearwater Analytics' Enfusion Infusion Offers Compelling Value Proposition, Analyst Upgrades Stock
Clearwater Analytics Holdings, Inc. (CWAN) Q4 2024 Earnings Call Transcript
CWAN
Published: February 20, 2025 by: Seeking Alpha
Sentiment: Neutral

Clearwater Analytics Holdings, Inc. (NYSE:CWAN ) Q4 2024 Earnings Conference Call February 19, 2025 5:00 PM ET Corporate Participants Joon Park - Head of Investor Relations Sandeep Sahai - Chief Executive Officer Jim Cox - Chief Financial Officer Conference Call Participants Rishi Jaluria - RBC Capital Markets Brian Schwartz - Oppenheimer Kevin McVeigh - UBS Michael Infante - Morgan Stanley Alexei Gogolev - JPMorgan Michael Turrin - Wells Fargo Andrew Schmidt - Citigroup Gabriela Borges - Goldman Sachs Faith Brunner - William Blair Arvind Ramnani - Piper Sandler Yun Kim - Loop Capital Markets Operator Ladies and gentlemen, thank you …

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image for news Clearwater Analytics Holdings, Inc. (CWAN) Q4 2024 Earnings Call Transcript
Clearwater Analytics (CWAN) Q4 Earnings and Revenues Surpass Estimates
CWAN
Published: February 19, 2025 by: Zacks Investment Research
Sentiment: Positive

Clearwater Analytics (CWAN) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.10 per share a year ago.

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image for news Clearwater Analytics (CWAN) Q4 Earnings and Revenues Surpass Estimates

About Clearwater Analytics Holdings, Inc. (CWAN)

  • IPO Date 2021-09-24
  • Website https://clearwateranalytics.com
  • Industry Software - Application
  • CEO Sandeep Sahai
  • Employees 1915

Clearwater Analytics Holdings, Inc. develops and provides a Software-as-a-Service solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities. The company offers investment accounting and reporting, performance measurement, compliance monitoring, and risk analytics solutions. Its Clearwater Prism solution enables self-service access to data feeds from accounting, compliance, performance, and risk systems, including those offered by the company and other third-party software vendors, as well as provides flexible reporting to various users. The company was incorporated in 2021 and is headquartered in Boise, Idaho.