Reading the tape
NYSE: CWAN
Clearwater Analytics Holdings, Inc.
Technology · Software - Application
Market Cap
$7.17B
52w High
$25.07
52w Low
$15.74
P/E
-179.75
Volume
2.55M
Outstanding Shares
296.71M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 6.38%Revenue (TTM): 61.88%FCF (TTM): 137.88%P/FCF: 13th pct
What changed
The stock rose 6.38% over the last year. Revenue grew 61.88% over the trailing twelve months. Operating margin moved from 2.71% to 1.34%. Free cash flow grew 137.88% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 1.34%. A decisive move in revenue — currently up 61.88% — would be the clearest signal to resolve the ambiguity.
Company profile
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.
CEOSandeep Sahai
SectorTechnology
IndustrySoftware - Application
Employees1,915
IPO dateSep 24, 2021
Valuation
Forward P/E—
EV/EBITDA64.56
Enterprise value$7.34B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth71.95%
Gross margin67.29%▼7.54%vs FY2024
Operating margin1.34%▲41.82%vs FY2024
ROE-1.92%▼104.56%vs FY2024
Analyst consensus
RatingHold
Target price$24.96▲3.27%
3
Buy
9
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est $0.16 · Revenue est $214.09M
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