Clearwater Analytics Holdings, (CWAN) Stock Analysis
Technology · Software - Application
Hold if already holding. Not a fresh buy at $24.32, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (0.4% away).
Clearwater Analytics provides cloud-native investment accounting, portfolio management and risk analytics software, serving 2,500+ clients with over $10 trillion of assets on its platform. The company charges recurring Base+ fees tied to assets managed, generating a gross... Read more
Hold if already holding. Not a fresh buy at $24.32, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (0.4% away). Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Score 5.6/10, moderate confidence.
Passes 6/8 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 51d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
About Clearwater Analytics Holdings,
About Clearwater Analytics Holdings,
Clearwater Analytics aggregated over $10 trillion of global invested assets across 2,500+ client portfolios at December 31, 2025, processing data from more than 4,900 daily data feeds and four million modeled securities across 60+ local currencies and 45 accounting bases. The platform supported over 900 AI agents and connected to approximately 2,700 custodians and more than 700 managers. A December 2025 merger agreement valued CWAN at approximately $8.4 billion in a transaction led by Permira and Warburg Pincus.
Revenue accrues primarily through recurring fees structured under the Base+ contracting model—a base fee for the client's existing book of business plus incremental charges tied to asset increases, additional products and managed services. The Base+ model is designed to limit fee-base volatility by anchoring fees on high-grade fixed income and structured assets that historically exhibit lower volatility. The net revenue retention rate has exceeded 100% since 2019, and the gross revenue retention rate has remained at least 98% in 27 of the past 28 quarters. In 2025, CWAN completed acquisitions of Beacon (risk management), Enfusion (front-office IBOR, portfolio and order management) and an asset purchase of Blackstone's Bistro private credit visualization platform. The company estimates its total addressable market at $23 billion globally, including $10 billion from asset management, $6 billion from insurance and $3 billion from hedge funds.
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CWAN's single-instance, multi-tenant architecture creates a self-reinforcing data advantage: each new client enriches the shared dataset, which the company describes as a meaningful competitive advantage for accuracy across the platform. The practical switching cost is reflected in the 98%+ gross retention rate—replacing an investment accounting system integrated with approximately 2,700 custodians and 700 managers would require significant client-side operational disruption. If the pending merger with Permira and Warburg Pincus closes as expected in the second quarter of 2026, CWAN would be taken private at $24.55 per share; if conditions prevent closure, the 10-K notes the stock price may decline.
See also: Technology · Software - Application
From Clearwater Analytics Holdings, 's most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated 2026-06-15Recent Developments — Clearwater Analytics Holdings,
Latest news
- NEWS Starboard Value Decreases Stake In Algonquin Power & Utilities To 57,189,420 Shares; Becton Dickinson To 636,494 Shares; — benzinga May 15, 2026 neutral
- NEWS Clearwater Analytics Hldg Q1 Adj. EPS $0.16, Inline, Sales $221.228M Beat $214.098M Estimate — benzinga May 7, 2026 positive
Generated 2026-06-15T18:11:46Z.
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Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
3 floor-breakers·2 ceiling hits
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $24.32, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (0.4% away). Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Target $23.94 (-1.6%), stop $24.20 (−0.5%), A.R:R -0.8:1. Score 5.6/10, moderate confidence.
Take-profit target: $23.94 (-1.6% upside). Target $23.94 (-1.6%), stop $24.20 (−0.5%), A.R:R -0.8:1. Stop-loss: $24.20.
Analyst target reached - limited upside remaining; Near 52-week high (0.4% away); Expensive valuation.
Clearwater Analytics Holdings, trades at a P/E of N/A (forward 28.2). TrendMatrix value score: 3.9/10. Verdict: Hold.
15 analysts cover CWAN with a consensus score of 3.7/5. Average price target: $24.
What does Clearwater Analytics Holdings, do?Clearwater Analytics provides cloud-native investment accounting, portfolio management and risk analytics software,...
Clearwater Analytics provides cloud-native investment accounting, portfolio management and risk analytics software, serving 2,500+ clients with over $10 trillion of assets on its platform. The company charges recurring Base+ fees tied to assets managed, generating a gross revenue retention rate of at least 98% in 27 of the last 28 quarters.