Riverbridge Joins Bullish Outlook on Clearwater Analytics Holdings, Inc. (CWAN)

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) is among the best low-priced growth stocks to buy now. During the second quarter, Riverbridge Partners LLC acquired a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) through the purchase of 1,610,240 shares of the company’s stock. Translating to an investment of $35,313,000, the investment manager firm now owns about 0.57% of the company.

The bullish case for Clearwater Analytics Holdings, Inc. (NYSE:CWAN) becomes even stronger when we consider the company’s robust revenue growth, early synergy capture, and the success of its front-to-back strategy. Despite near-term uncertainties, the company’s strategic initiatives, including the newly acquired Enfusion and Beacon, are making it a winning stock.

Is Clearwater Analytics Holdings Inc. (CWAN) the Best Low Beta Tech Stock to Buy According to Analysts?

Cloud-native SaaS, the company’s leading business, contributed $130.6 million in revenue, which reflects a healthy 22% y/y organic growth rate. What’s even more interesting is that this segment also hit a key milestone by surpassing an 80% gross margin, a target that was set for the next few years.

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) is an Idaho-based developer and provider of a Software-as-a-Service (SaaS) platform for investment data aggregation, reconciliation, accounting, and reporting services. Founded in 2004, the company is committed to delivering exceptional value.

While we acknowledge the potential of CWAN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CWAN and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.