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.

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.

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Disclosure: None.