Clearwater Analytics Hldgs Inc Stock Price, News & Analysis

Clearwater Analytics (CWAN) reported strong financial results for Q4 and full year 2021. Q4 revenue reached $69.8 million, up 27.4% YoY, with annual revenue totaling $252.0 million, marking 24.0% growth. The company achieved $277.8 million in Annualized Recurring Revenue (ARR), up 26.3%. Despite a net income of $0.1 million in Q4, the full year ended with a loss of $8.1 million. Adjusted EBITDA also improved to $20.1 million for Q4. The company maintains a gross revenue retention rate of 98% for the last 12 quarters, continuing its growth trajectory.

Clearwater Analytics (NYSE: CWAN) announced that Athora Holding Ltd has selected its services to enhance growth and streamline operations. Athora aims to consolidate its accounting, regulatory, and operational reporting across its international subsidiaries, which include nations like the Netherlands and Germany. Clearwater's SaaS solution will enable rapid onboarding of acquisitions, manage regulatory requirements, and provide a unified view of diverse investment portfolios. This partnership signifies Clearwater's role in addressing the consolidation trend in the insurance and investment management sectors.

Clearwater Analytics (NYSE: CWAN) announced that CFO Jim Cox will present at the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2022 in San Francisco. The event includes a fireside chat and one-on-one meetings. Clearwater, a leader in SaaS-based investment solutions, manages over $5.6 trillion in assets for various clients. The conference webcast will be available on Clearwater’s investor relations website.

Clearwater Analytics (NYSE: CWAN), a leader in SaaS-based investment solutions, announced significant product updates for Q4 2021. These enhancements focus on compliance with the latest accounting and regulatory standards, enriched asset class reporting, and an upgraded user experience. Key updates include NAIC compliance, enhancements for Limited Partnerships, improved Solvency II reports, and new Pledge Manager functionality. With a commitment to client-driven innovation, Clearwater continues to support clients managing over $5.6 trillion in assets, ensuring they can leverage data effectively for business growth.

Clearwater Analytics (NYSE: CWAN) will announce its fourth quarter and full year financial results for the period ending December 31, 2021, after U.S. markets close on March 2, 2022. A conference call will be held at 5:00 p.m. ET on the same day, accessible via a live webcast on the company's investor relations site. Clearwater's SaaS solution manages over $5.6 trillion in assets daily, serving a wide range of clients, including insurers and pension plans, by providing automated investment data and analytics.

On November 16, 2021, Clearwater Analytics (NYSE: CWAN) announced that Circle Internet Financial has chosen its SaaS solutions for enhanced transparency in the reserves reporting process for USD Coin (USDC). With over $33 billion in circulation and $1.3 trillion in transactions, USDC is the leading regulated dollar digital currency. Clearwater's platform aims to improve data consolidation and reconciliation for Circle, aligning with its priority for public reporting transparency as USDC continues to grow.

Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS investment solutions, is set to participate in four major investor conferences in Q4 2021. CEO Sandeep Sahai will speak at the RBC Capital Markets Conference on November 17 and at the Wells Fargo TMT Summit on November 30. CFO Jim Cox will present at the Credit Suisse Technology Conference on December 1, followed by participation in the D.A. Davidson FinTech Spotlight Conference on December 2. Webcasts from these events will be available on Clearwater's investor relations website.

Clearwater Analytics Holdings, Inc. (NYSE: CWAN) reported its third quarter 2021 financial results, marking its first quarter as a publicly-traded company. Revenue rose by 20.9% to $64.5 million, while gross profit increased to $46.7 million. However, the company experienced a net loss of $11.4 million compared to net income of $11.5 million the previous year. Adjusted EBITDA was $17.1 million, and annual recurring revenue reached $257 million. The company expects fourth-quarter revenue between $66 million and $67 million, indicating full-year growth of 22-23%.

Clearwater Analytics (NYSE: CWAN) released its 2021 Insurance Investment Survey Report, highlighting trends in the insurance sector. Over 1,000 respondents indicate a shift towards non-traditional assets, with 55% investing in Private Placements, Private Funds, Mortgage Loans, and ETFs. The report underscores increased reliance on external managers and highlights technology challenges insurers face with complex asset data. Clearwater manages over $5.6 trillion in assets, emphasizing the need for advanced, unified technology platforms for better investment outcomes.