Piper Sandler has downgraded Clearwater Analytics Holdings Inc (CWAN) to Neutral from Overweight, a move that underscores a shift in sentiment regarding the company's outlook. This decision, effective December 22, 2025, comes as investors weigh potential competitive pressures and execution risks that may affect Clearwater's performance.
Currently trading at $24.05, Clearwater Analytics offers web-based investment portfolio accounting, reporting, and reconciliation services. The firm, headquartered in Boise, Idaho, serves a diverse clientele that includes insurers, asset managers, hedge funds, banks, corporations, and governments. With a market capitalization of $6.4 billion, Clearwater has a trailing twelve-month price-to-earnings (P/E) ratio of 16.19 and earnings per share (EPS) of 1.16.
Upcoming earnings are scheduled for April 29, 2026, with analysts estimating an EPS of $0.16 and revenue of $222.5 million. Recent earnings performance has shown mixed results, with a Q3 2025 EPS of $0.14, falling short of the $0.15 estimate.
Analyst ratings serve as professional assessments based on various research and financial models. While they can provide valuable insights, these ratings reflect assumptions that may not always hold true. Investors should consider a range of factors, including company fundamentals, market conditions, and individual financial objectives, when evaluating their strategies. As analyst opinions can evolve with new information, maintaining a comprehensive view is essential.