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BOISE, Idaho - Prosperity Life Group and its asset management arm have expanded their use of Clearwater Analytics’ (NYSE:CWAN) technology platform to support growing mortgage asset operations, particularly complex residential tranche loans, according to a press release statement. Clearwater Analytics, with a market capitalization of $5.7 billion and impressive revenue growth of 23% over the last twelve months, has established itself as a leading provider of investment management technology.
The expanded solution integrates with Prosperity’s existing Clearwater platform to provide a single system for managing the entire mortgage lifecycle from origination through accounting and reporting. The enhancement aims to help Prosperity manage increased volume and complexity in its mortgage portfolio while optimizing tranche-specific drawdown schedules. According to InvestingPro analysis, Clearwater maintains excellent financial health with a "GREAT" overall score, supported by a strong gross profit margin of 73% and healthy liquidity with a current ratio of 5.1.
"As we continue to strategically scale our mortgage portfolio, expanding our partnership with Clearwater will help to streamline and enhance our operational capabilities," said Richard Gordon, Controller at Prosperity Asset Management.
The implementation provides Prosperity with a consolidated view of its mortgage investments and complete portfolio overview. The platform delivers data that supports both operational decision-making and regulatory compliance requirements.
Kirat Singh, President of Risk and Alternative Assets at Clearwater Analytics, noted that Prosperity is "taking a strategic step forward by ensuring its mortgage investments are backed by scalable, transparent, and automated infrastructure."
Prosperity Life Group includes insurance, reinsurance, and asset management operations with a century-long history providing life insurance and related products. Its asset management business, Prosperity Asset Management, specializes in private and public credit opportunities.
Clearwater Analytics provides cloud-based investment management technology that supports over $8.8 trillion in assets globally for institutional investors across public and private markets. Investors interested in deeper insights can access comprehensive analysis through InvestingPro, which offers exclusive ProTips and detailed metrics ahead of the company’s upcoming earnings report on August 6, 2025. The platform’s Fair Value analysis suggests the stock is currently trading below its intrinsic value.
In other recent news, Clearwater Analytics is preparing to release its second-quarter earnings results, with DA Davidson maintaining a Buy rating and a $36.00 price target for the company. The investment firm anticipates that Clearwater Analytics will meet or slightly exceed forecasts and consensus estimates. Meanwhile, McCormick & Company has adopted Clearwater Analytics’ platform for managing its commercial paper operations, enhancing its short-term capital raising capabilities. Clearwater has also formed a strategic partnership with Bloomberg to deliver a comprehensive investment solution for asset owners and managers, combining Bloomberg’s enterprise solutions with Clearwater’s accounting platform.
In analyst updates, Oppenheimer has lowered its price target for Clearwater Analytics from $40.00 to $36.00, citing integration risks, but maintains an Outperform rating. The firm noted optimism from Clearwater’s management regarding demand and integration plans. Additionally, Goldman Sachs has resumed coverage on Clearwater Analytics with a Neutral rating and a $26.00 price target. Goldman Sachs highlighted the strength of Clearwater’s core accounting platform, which accounts for a substantial portion of its revenue and is expected to sustain 20% growth.
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