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]

Mergers and Acquisitions - Warburg Pincus and Permira are in discussions to acquire Clearwater Analytics Holdings Inc [1] Industry Focus - Clearwater Analytics Holdings Inc is an investment and accounting software maker [1]

Core Viewpoint - Clearwater Analytics (CWAN) has received a hold rating despite strong Q3 2025 results and better-than-expected integration of Enfusion, Beacon, and Bistro, indicating that the market may require further evidence of sustained performance [1]. Financial Performance - Q3 2025 results for Clearwater Analytics were strong, suggesting positive operational performance [1]. Integration Progress - The integration of Enfusion, Beacon, and Bistro is progressing better than anticipated, which may enhance the company's operational capabilities [1].