The reiteration of an Outperform rating by a reputable analyst like Rishi Jaluria from RBC Capital is a positive signal for Clearwater Analytics Hldg. It suggests that the analyst believes the company's stock will outperform the market or its sector in the near term. The maintained price target of $22 also indicates that the analyst sees potential for the stock's price to rise to this level. This could have a positive impact on the stock's price in the short term.