Starboard Value LP Acquires Major Stake in Clearwater Analytics
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 28 2026
0mins
Should l Buy CWAN?
Source: Yahoo Finance
- New Investment Disclosure: On February 17, 2026, Starboard Value LP disclosed a purchase of 9,959,031 shares in Clearwater Analytics, valued at $240.21 million, indicating a significant new investment that could influence market performance.
- Asset Management Proportion: This acquisition represents 4.55% of Starboard's reportable assets under management as of December 31, 2025, highlighting Clearwater's importance in its portfolio and potentially attracting more investor interest.
- Market Performance Analysis: As of February 17, 2026, Clearwater's shares were priced at $22.93, down 17.0% over the past year and underperforming the S&P 500 by 26.7 percentage points, reflecting market concerns about its future growth prospects.
- Business Model and Challenges: Clearwater Analytics focuses on automated investment data management, and while its cloud platform provides steady recurring revenue, the complexities of client onboarding and data integration may hinder margin growth, prompting investors to monitor whether revenue growth can outpace service delivery costs.
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Analyst Views on CWAN
Wall Street analysts forecast CWAN stock price to rise
10 Analyst Rating
5 Buy
5 Hold
0 Sell
Moderate Buy
Current: 23.450
Low
24.55
Averages
27.83
High
36.00
Current: 23.450
Low
24.55
Averages
27.83
High
36.00
About CWAN
Clearwater Analytics Holdings, Inc. is a provider of comprehensive cloud-native platforms for institutional investors across global public and private markets. The Company’s single-instance, multi-tenant architecture delivers real-time data and artificial intelligence (AI)-driven insights throughout the investment lifecycle. The platform eliminates information silos by integrating portfolio management, trading, investment accounting, reconciliation, regulatory reporting, performance, compliance, and risk analytics in one unified system. The Company serves insurers, asset managers, hedge funds, banks, corporations, and governments. The Company is also a provider of enterprise risk analytics and developer infrastructure. Its capabilities in complex portfolio management across both public and private markets include structured products, private credit, and derivatives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Tensile Capital Reduces Clearwater Stake
- Share Reduction Details: Tensile Capital Management disclosed a sale of 159,998 shares of Clearwater Analytics in Q4 2026, with an estimated transaction value of $3.2 million, indicating a potential decline in confidence towards the company.
- Ownership Proportion Shift: Following the sale, Clearwater now represents 7.39% of Tensile's reportable U.S. equity AUM, reflecting a decrease in its relative importance within the investment portfolio.
- Market Performance Analysis: As of February 17, 2026, Clearwater shares were priced at $22.93, down 17% over the past year and underperforming the S&P 500 by 26.71 percentage points, suggesting market concerns about its future prospects.
- Acquisition Deal Dynamics: Clearwater is facing an $8.4 billion take-private acquisition proposal expected to close in Q2 2026, although the current share price is slightly below the $24.55 per share offer, indicating market uncertainty regarding the deal's completion.
See More
Investor Rights Law Firm Investigates Multiple Companies
- Investigation Background: Halper Sadeh LLC is investigating Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) regarding its sale to Mubadala Capital at $2.43 per share, which may infringe on shareholder rights.
- Shareholder Rights Protection: The firm is also examining the sale of European Wax Center, Inc. (NASDAQ:EWCZ) to General Atlantic for $5.80 per share in cash, urging shareholders to understand their rights and options.
- Potential Violations: Clearwater Analytics Holdings, Inc. (NYSE:CWAN) is under scrutiny for its sale to Permira and Warburg Pincus at $24.55 per share, with Halper Sadeh LLC potentially seeking increased consideration or other remedies.
- Legal Service Commitment: Halper Sadeh LLC offers legal services on a contingency fee basis, aiming to protect global investors and ensure their rights are upheld in cases of securities fraud and corporate misconduct.
See More
Sea Cliff Partners Exits Entire Stake in Clearwater Analytics
- Stake Change: On February 17, 2026, Sea Cliff Partners Management disclosed via an SEC filing that it sold its entire 1,101,680 share stake in Clearwater Analytics for approximately $19.85 million, resulting in a significant decrease in quarter-end value, indicating diminished confidence in the company.
- Performance Overview: Despite Clearwater Analytics achieving $217.5 million in fourth-quarter revenue, a 72% year-over-year increase, the company reported a net loss of $12.5 million, highlighting financial pressures amid rapid expansion, which investors should monitor for sustainability.
- Market Performance: As of February 13, 2026, Clearwater Analytics shares were priced at $23.15, down nearly 20% over the past year, significantly underperforming the S&P 500, which rose about 17% in the same period, reflecting market concerns about its future growth.
- Portfolio Adjustment: This exit slightly reduces Sea Cliff Partners' exposure to software and fintech infrastructure, with remaining top holdings shifting towards industrial distribution, specialty manufacturing, and consumer services, indicating a focus on sectors more directly tied to real economic demand.
See More
Kaskela Law Investigates Clearwater Analytics Buyout Offer
- Buyout Price Investigation: Kaskela Law is investigating whether Clearwater Analytics' buyout offer of $24.55 per share is fair, especially since this price is significantly lower than analysts' target of over $35, indicating potential undervaluation.
- Investor Rights Concern: The investigation aims to ensure that Clearwater shareholders receive adequate financial compensation, particularly as the company's shares will cease to be publicly traded post-acquisition, potentially impacting investor rights.
- Analyst Opinion Discrepancy: At the time of the buyout announcement, several analysts maintained price targets above $35 for Clearwater, highlighting a significant gap between market expectations and the buyout offer, which may lead to investor dissatisfaction.
- Legal Consultation Recommendation: Kaskela Law encourages Clearwater investors to understand their legal rights and options to protect their interests during the acquisition process, ensuring they are not undervalued.
See More
Investor Rights Law Firm Investigates Multiple Companies
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating Select Medical Holdings Corporation's sale to a consortium led by executives for $16.50 per share in cash, potentially infringing on shareholder rights.
- Cash Acquisition Analysis: Clearwater Analytics Holdings, Inc. is being sold for $24.55 per share in cash to Permira and Warburg Pincus, with Halper Sadeh LLC possibly seeking increased consideration or other remedies to protect shareholder interests.
- FONAR Corporation Transaction: FONAR Corporation's sale involves Class B and Class C common stock at $19.00 and $6.34 per share, respectively, with Halper Sadeh LLC representing shareholders to seek a higher transaction price.
- Legal Service Commitment: Halper Sadeh LLC offers legal services on a contingency basis, ensuring no upfront costs for clients, aiming to assist investors affected by securities fraud and corporate misconduct in asserting their rights.
See More
Investor Rights Law Firm Investigates Multiple Companies
- Transaction Investigation: Halper Sadeh LLC is investigating the sale of Thermon Group Holdings, Inc. (NYSE:THR) to CECO Environmental Corp., where shareholders can choose between $10.00 in cash plus 0.6840 shares of CECO stock, $63.89 per share, or 0.8110 shares of CECO stock, potentially impacting shareholder financial benefits.
- NCR Shareholder Rights: The sale of NCR Atleos Corporation (NYSE:NATL) to The Brink's Company offers $30.00 in cash and 0.1574 shares of Brink's stock per share, with Halper Sadeh LLC possibly seeking increased consideration to protect shareholder interests.
- KORE Shareholder Options: KORE Group Holdings, Inc. (NYSE:KORE) is being sold to Searchlight Capital Partners and Abry Partners for $9.25 per share, and Halper Sadeh LLC aims to secure higher compensation and transparency for investors to uphold their rights.
- Clearwater Transaction Review: Clearwater Analytics Holdings, Inc. (NYSE:CWAN) is being sold to Permira and Warburg Pincus for $24.55 per share in cash, with Halper Sadeh LLC potentially advocating for more disclosures and benefits for shareholders to ensure fairness in the transaction.
See More
Tensile Capital Reduces Clearwater Stake
- Share Reduction Details: Tensile Capital Management disclosed a sale of 159,998 shares of Clearwater Analytics in Q4 2026, with an estimated transaction value of $3.2 million, indicating a potential decline in confidence towards the company.
- Ownership Proportion Shift: Following the sale, Clearwater now represents 7.39% of Tensile's reportable U.S. equity AUM, reflecting a decrease in its relative importance within the investment portfolio.
- Market Performance Analysis: As of February 17, 2026, Clearwater shares were priced at $22.93, down 17% over the past year and underperforming the S&P 500 by 26.71 percentage points, suggesting market concerns about its future prospects.
- Acquisition Deal Dynamics: Clearwater is facing an $8.4 billion take-private acquisition proposal expected to close in Q2 2026, although the current share price is slightly below the $24.55 per share offer, indicating market uncertainty regarding the deal's completion.
See More
Investor Rights Law Firm Investigates Multiple Companies
- Investigation Background: Halper Sadeh LLC is investigating Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) regarding its sale to Mubadala Capital at $2.43 per share, which may infringe on shareholder rights.
- Shareholder Rights Protection: The firm is also examining the sale of European Wax Center, Inc. (NASDAQ:EWCZ) to General Atlantic for $5.80 per share in cash, urging shareholders to understand their rights and options.
- Potential Violations: Clearwater Analytics Holdings, Inc. (NYSE:CWAN) is under scrutiny for its sale to Permira and Warburg Pincus at $24.55 per share, with Halper Sadeh LLC potentially seeking increased consideration or other remedies.
- Legal Service Commitment: Halper Sadeh LLC offers legal services on a contingency fee basis, aiming to protect global investors and ensure their rights are upheld in cases of securities fraud and corporate misconduct.
See More
Sea Cliff Partners Exits Entire Stake in Clearwater Analytics
- Stake Change: On February 17, 2026, Sea Cliff Partners Management disclosed via an SEC filing that it sold its entire 1,101,680 share stake in Clearwater Analytics for approximately $19.85 million, resulting in a significant decrease in quarter-end value, indicating diminished confidence in the company.
- Performance Overview: Despite Clearwater Analytics achieving $217.5 million in fourth-quarter revenue, a 72% year-over-year increase, the company reported a net loss of $12.5 million, highlighting financial pressures amid rapid expansion, which investors should monitor for sustainability.
- Market Performance: As of February 13, 2026, Clearwater Analytics shares were priced at $23.15, down nearly 20% over the past year, significantly underperforming the S&P 500, which rose about 17% in the same period, reflecting market concerns about its future growth.
- Portfolio Adjustment: This exit slightly reduces Sea Cliff Partners' exposure to software and fintech infrastructure, with remaining top holdings shifting towards industrial distribution, specialty manufacturing, and consumer services, indicating a focus on sectors more directly tied to real economic demand.
See More
Kaskela Law Investigates Clearwater Analytics Buyout Offer
- Buyout Price Investigation: Kaskela Law is investigating whether Clearwater Analytics' buyout offer of $24.55 per share is fair, especially since this price is significantly lower than analysts' target of over $35, indicating potential undervaluation.
- Investor Rights Concern: The investigation aims to ensure that Clearwater shareholders receive adequate financial compensation, particularly as the company's shares will cease to be publicly traded post-acquisition, potentially impacting investor rights.
- Analyst Opinion Discrepancy: At the time of the buyout announcement, several analysts maintained price targets above $35 for Clearwater, highlighting a significant gap between market expectations and the buyout offer, which may lead to investor dissatisfaction.
- Legal Consultation Recommendation: Kaskela Law encourages Clearwater investors to understand their legal rights and options to protect their interests during the acquisition process, ensuring they are not undervalued.
See More
Investor Rights Law Firm Investigates Multiple Companies
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating Select Medical Holdings Corporation's sale to a consortium led by executives for $16.50 per share in cash, potentially infringing on shareholder rights.
- Cash Acquisition Analysis: Clearwater Analytics Holdings, Inc. is being sold for $24.55 per share in cash to Permira and Warburg Pincus, with Halper Sadeh LLC possibly seeking increased consideration or other remedies to protect shareholder interests.
- FONAR Corporation Transaction: FONAR Corporation's sale involves Class B and Class C common stock at $19.00 and $6.34 per share, respectively, with Halper Sadeh LLC representing shareholders to seek a higher transaction price.
- Legal Service Commitment: Halper Sadeh LLC offers legal services on a contingency basis, ensuring no upfront costs for clients, aiming to assist investors affected by securities fraud and corporate misconduct in asserting their rights.
See More
Investor Rights Law Firm Investigates Multiple Companies
- Transaction Investigation: Halper Sadeh LLC is investigating the sale of Thermon Group Holdings, Inc. (NYSE:THR) to CECO Environmental Corp., where shareholders can choose between $10.00 in cash plus 0.6840 shares of CECO stock, $63.89 per share, or 0.8110 shares of CECO stock, potentially impacting shareholder financial benefits.
- NCR Shareholder Rights: The sale of NCR Atleos Corporation (NYSE:NATL) to The Brink's Company offers $30.00 in cash and 0.1574 shares of Brink's stock per share, with Halper Sadeh LLC possibly seeking increased consideration to protect shareholder interests.
- KORE Shareholder Options: KORE Group Holdings, Inc. (NYSE:KORE) is being sold to Searchlight Capital Partners and Abry Partners for $9.25 per share, and Halper Sadeh LLC aims to secure higher compensation and transparency for investors to uphold their rights.
- Clearwater Transaction Review: Clearwater Analytics Holdings, Inc. (NYSE:CWAN) is being sold to Permira and Warburg Pincus for $24.55 per share in cash, with Halper Sadeh LLC potentially advocating for more disclosures and benefits for shareholders to ensure fairness in the transaction.
See More
