PresentationOperator Hello, everyone, and thank you for joining CWAN's 2026 Outlook Webinar. We have a great presentation lined up that takes a data-driven look at the U.S. economic outlook and the forces shaping markets as we head into 2026. Investors are balancing persistent macro uncertainty with evolving portfolio risks, making it critical to separate short-term noise from signals that truly matter. Before we get started, I wanted to run through a few quick housekeeping notes to help you get the most of ...

Group 1 - Clearwater Analytics Holdings, Inc. (NYSE:CWAN) is identified as one of the best SaaS stocks trading at a discount [1] - DA Davidson has reiterated a Buy rating for Clearwater Analytics with a price target of $30, while the stock's latest closing price was $21.80 [2] - The company could be valued between $30 and $34 in the event of a sale, as suggested by DA Davidson [2] - Activist investor Starboard has taken a 5% stake in Clearwater Analytics and is advocating for a sale if there is buyer interest [2][3] - Starboard believes Clearwater Analytics is significantly undervalued, which aligns with earlier reports of private equity firm Thoma Bravo's interest in acquiring the company [3] Group 2 - Morgan Stanley maintained a Buy rating on Clearwater Analytics with a price target of $27 as of November 13 [3]

Company Overview - Clearwater Analytics Holdings provides cloud-native platforms for institutional investors, integrating various investment lifecycle functions into a single system [1] - The company serves a diverse clientele, including insurers, asset managers, hedge funds, banks, corporations, and governments [1] - Clearwater has been recognized for its capabilities in complex portfolio management across public and private markets, including structured products and derivatives [1] Activist Involvement - Starboard Value holds approximately 4.9% ownership in Clearwater and is known for its successful activist campaigns, achieving an average return of 36.92% in prior IT company engagements [2][3] - Starboard has urged Clearwater to conduct a thorough sales process if there is inbound interest from potential buyers [3][9] Recent Developments - Clearwater has shifted its strategy by making several acquisitions, including Enfusion and two private businesses, which has raised concerns about its ability to integrate these acquisitions while maintaining organic growth [6][7] - Following these acquisitions, Clearwater's stock price fell to a low of $15.73 per share after its third-quarter earnings report [7] Strategic Options - Clearwater has engaged advisers to evaluate strategic options after receiving unsolicited offers from firms like Thoma Bravo and Warburg Pincus [8] - Starboard's involvement suggests a focus on maximizing shareholder value, whether through a sale or a standalone growth strategy [10][11] Potential Outcomes - There are three potential outcomes for Clearwater: (i) a standalone plan focusing on integration and core growth, (ii) a sale of the company at a satisfactory premium, or (iii) a sale process led by Warburg and Permira [13] - Starboard is likely to support either the standalone plan or a competitive sale process, while opposing a sale orchestrated by existing private equity investors [13]

We came across a bullish thesis on Clearwater Analytics Holdings, Inc. on Valueinvestorsclub.com by xxxOTK87. In this article, we will summarize the bulls’ thesis on CWAN. Clearwater Analytics Holdings, Inc.'s share was trading at $21.29 as of December 1st. CWAN’s trailing and forward P/E were 14.14 and 31.06 respectively according to Yahoo Finance. Computer with charts Clearwater Analytics (CWAN) offers a leading cloud-based investment accounting and analytics platform, generating $475 million ARR and ...

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) is one of the best mid cap stocks to buy according to hedge funds. On November 13, DA Davidson kept its Buy rating on Clearwater Analytics Holdings, Inc. (NYSE:CWAN) and maintained a $30 per share price target for the stock. The decision came after reports emerged that Clearwater was the subject of a takeover interest. DA Davidson Keeps Buy Rating on Clearwater Analytics (CWAN) Amid Takeover Interest Source: Pixabay According to the analysts, any credible ...

Core Insights - Artisan Partners' "Artisan Small Cap Fund" reported strong performance in Q3 2025, with major US indices reaching record highs and the fund's Investor Class returning 8.69% [1] - Clearwater Analytics Holdings, Inc. (NYSE:CWAN) was highlighted as a key stock, experiencing a one-month return of 4.88% but a significant 35.20% decline over the past year [2][4] - The fund exited its investment in Clearwater Analytics due to a strategic shift towards M&A, which diverged from the original investment thesis, but the company remains on the watchlist for future evaluation [3] Fund Performance - The Artisan Small Cap Fund's Investor Class fund ARTSX returned 8.69%, Advisor Class fund APDSX returned 8.75%, and Institutional Class fund APHSX returned 8.73% in Q3 2025 [1] - The Russell 2000 Growth Index outperformed the fund with a return of 12.19% during the same period [1] Clearwater Analytics Holdings, Inc. - Clearwater Analytics reported Q3 2025 revenue of $205.1 million, marking a 77% year-over-year increase [4] - The company's market capitalization was noted at $6.503 billion, with shares closing at $19.97 on November 17, 2025 [2] - The company is shifting its focus from organic growth to larger-scale M&A, which led to the fund's decision to exit its investment [3]

Core Viewpoint - Private equity firm Thoma Bravo has made an offer to acquire Clearwater Analytics, indicating a potential consolidation in the financial technology sector [1] Company Summary - Thoma Bravo is a private equity firm known for its investments in software and technology companies [1] - Clearwater Analytics specializes in providing cloud-based investment accounting and reporting solutions [1] Industry Summary - The acquisition reflects ongoing trends in the financial technology industry, where private equity firms are increasingly targeting software companies for growth opportunities [1]

Core Insights - Clearwater Analytics Holdings Inc. (NYSE:CWAN) has seen a significant stock price increase of 18.97% week-on-week due to investor interest following reports of a potential sale [1][2] - The company is currently working with advisers to explore options and gauge interest from prospective buyers, specifically Warburg Pincus and Permira [2] - Despite a record low stock price prior to the recent surge, the company's revenue increased by 77% year-on-year, reaching $205 million, surpassing its guidance [3] Financial Performance - Clearwater reported a net loss of $10.3 million for the recent quarter, a decline from a net income of $3.6 million in the same period last year [3] - The company expects full-year revenues to be between $730 million and $731 million, indicating a year-on-year growth of 62% [4] - For the fourth quarter, Clearwater anticipates revenues in the range of $216 million to $217 million, reflecting a year-on-year growth of 71% to 72% [4]

Group 1 - Warburg Pincus and Permira are in talks to acquire Clearwater Analytics, a software manufacturer for investment and accounting [1] - The acquisition discussions may conclude in the coming weeks, but the specific purchase price remains undisclosed [1] - Clearwater's stock surged over 19% in after-hours trading following the acquisition news, with its market valuation around $5.63 billion [1] Group 2 - Clearwater Analytics, founded in 2004 and headquartered in Boise, Idaho, provides software solutions primarily to the financial services sector [1] - The company reported a 77% year-over-year revenue increase in Q3, reaching $205 million, and an 84% rise in adjusted EBITDA to approximately $71 million [1] - In April, Clearwater completed the acquisition of Enfusion Inc. for about $1.5 billion [2]

Core Insights - Global private equity firms Warburg Pincus and Permira are in discussions to acquire Clearwater Analytics, a company specializing in investment and accounting software [1] Company Summary - Clearwater Analytics is a software maker focused on investment and accounting solutions, indicating a strategic interest from major private equity firms [1] Industry Context - The involvement of prominent private equity firms like Warburg Pincus and Permira highlights the growing interest in technology-driven financial solutions within the investment and accounting sector [1]