Starboard Value's Q4 Investment Moves: New Holdings and Exits
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy CWAN?
Source: seekingalpha
- New Holdings: Starboard Value established new positions in Clearwater Analytics (CWAN) with 9.95M shares and Fluor Corporation (FLR) with 5.19M shares in Q4, indicating strong confidence in their growth potential which may positively impact their market performance.
- Increased Stakes: The fund raised its stake in Kenvue (KVUE) from 20.93M shares to 27.31M shares, valued at $471.06M, reflecting an optimistic outlook on the company's future performance and potentially enhancing its competitive position in the market.
- Position Reduction: Starboard Value exited its position in Alight (ALIT), previously holding 45.86M shares, indicating a cautious stance on the company's prospects which could affect its stock price performance.
- Portfolio Adjustments: The fund also trimmed its holdings in Autodesk (ADSK) from 1.31M shares to 1M shares and in Salesforce (CRM) from 1.24M shares to 940.32K shares, suggesting a reassessment of the growth potential of these companies moving forward.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy CWAN?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 22.930
Low
24.55
Averages
27.83
High
36.00
Current: 22.930
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.
Clearwater Analytics Reports Q4 Loss and Revenue Beat
- Financial Overview: Clearwater Analytics reported a Q4 loss of $12.2 million, translating to a loss of 4 cents per share, while adjusted earnings of 15 cents per share met Wall Street expectations, indicating stability in the company's performance.
- Revenue Performance: The company achieved revenue of $217.5 million in Q4, surpassing analyst expectations of $216.7 million, reflecting strong market demand for its automated investment accounting software, which may drive future growth.
- Annual Summary: For the year, Clearwater reported a loss of $38.8 million, or 14 cents per share, yet generated revenue of $731.4 million, demonstrating the company's efforts to expand its market share despite the losses.
- Market Expectations: Analysts remain optimistic about the company's future performance, anticipating that its ongoing revenue growth and stable adjusted earnings will attract more investor interest and bolster market confidence.
See More
Starboard Value's Q4 Investment Moves: New Holdings and Exits
- New Holdings: Starboard Value established new positions in Clearwater Analytics (CWAN) with 9.95M shares and Fluor Corporation (FLR) with 5.19M shares in Q4, indicating strong confidence in their growth potential which may positively impact their market performance.
- Increased Stakes: The fund raised its stake in Kenvue (KVUE) from 20.93M shares to 27.31M shares, valued at $471.06M, reflecting an optimistic outlook on the company's future performance and potentially enhancing its competitive position in the market.
- Position Reduction: Starboard Value exited its position in Alight (ALIT), previously holding 45.86M shares, indicating a cautious stance on the company's prospects which could affect its stock price performance.
- Portfolio Adjustments: The fund also trimmed its holdings in Autodesk (ADSK) from 1.31M shares to 1M shares and in Salesforce (CRM) from 1.24M shares to 940.32K shares, suggesting a reassessment of the growth potential of these companies moving forward.
See More
Keenan Capital Acquires Stake in Clearwater Analytics Holdings
- New Investment Position: Keenan Capital initiated a new position by purchasing 3,660,973 shares of Clearwater Analytics Holdings for approximately $88.30 million in Q4 2026, indicating strong confidence in the company despite its recent underperformance.
- Portfolio Allocation Shift: This acquisition elevates Clearwater Analytics Holdings to 16.08% of Keenan Capital's reportable U.S. equity AUM, highlighting its significance in the investment portfolio and potentially influencing future investment strategies.
- Significant Performance Growth: Clearwater reported a 77% year-over-year revenue increase to $205.1 million and an 84% rise in adjusted EBITDA to $70.7 million, showcasing the strong operational leverage of its SaaS platform, which is likely to attract further investor interest.
- Complex Acquisition Context: Clearwater agreed to an $8.4 billion acquisition in December, making the timing of Keenan Capital's stake acquisition noteworthy, prompting discussions about investment strategies as investors await the upcoming earnings release and integration execution.
See More
Investor Rights Law Firm Investigates Multiple Companies for Potential Violations
- Merger Investigation: Halper Sadeh LLC is investigating the merger between Contango ORE, Inc. and Dolly Varden Silver Corporation, where Contango shareholders are expected to own approximately 50% of the combined entity, potentially impacting shareholder rights and future returns.
- FONAR Shareholder Rights: FONAR Corporation is being sold to its CEO and certain executives at $19.00 per share for Class B common stock and $6.34 per share for Class C common stock, raising concerns about potential conflicts of interest among management.
- Clearwater Acquisition Details: Clearwater Analytics Holdings, Inc. is being sold to Permira and Warburg Pincus for $24.55 per share in cash, with terms that may affect shareholder rights, prompting Halper Sadeh LLC to seek increased consideration.
- Legal Rights Consultation: Halper Sadeh LLC encourages shareholders to contact them to discuss their rights and options at no cost, indicating the firm's commitment to protecting investor interests and potentially advocating for higher transaction compensation.
See More
Chase Investment Counsel Acquires Clearwater Analytics Shares
- New Investment Position: Chase Investment Counsel reported a new position in Clearwater Analytics, acquiring 237,532 shares valued at $5.7 million, which represents 1.6% of its reportable assets as of December 31, 2025, indicating confidence in the company.
- Holding Status: This acquisition marks a new position for Chase, which did not previously hold shares in Clearwater, highlighting its strategy to diversify investments despite not being among the top five holdings.
- Market Performance: Clearwater's stock closed at $23.46 on February 4, with a market capitalization of $6.8 billion; however, the stock has declined by 17.4% over the past year, underperforming compared to the Nasdaq and S&P 500 indices, reflecting market caution regarding its future.
- Acquisition Dynamics: Private equity firms Permira and Warburg Pincus have agreed to acquire Clearwater for $8.4 billion, or $24.55 per share, suggesting that if Chase's purchase timing is favorable, it could yield significant gains, but investors should be wary of potential risks if the deal does not materialize.
See More
Clearwater Analytics and TreasurySpring Integration Enhances Cash Management
- Cash Management Optimization: The integration of Clearwater Analytics with TreasurySpring enables institutional clients to optimize surplus cash returns by accessing over 1,000 cash investment products, ensuring alignment with fixed-term investments that have specific maturity dates, thereby enhancing capital efficiency.
- Diversified Counterparty Risk: Clients can diversify counterparty exposure across more than 120 highly rated global banks, governments, and corporate issuers through TreasurySpring, which not only enhances the security of investment portfolios but also increases overall return potential.
- Operational Efficiency Improvement: The integration allows clients to achieve automated settlement and real-time reporting within Clearwater's investment accounting framework, enhancing integrated position reporting across multiple currencies and counterparties, thus streamlining operations and improving transparency.
- Strategic Collaboration Benefits: This partnership not only provides clients with flexible cash management solutions but also ensures that they can seamlessly meet immediate liquidity needs and optimize surplus cash returns within a single environment by integrating fixed-term investment capabilities with liquidity solutions.
See More
Clearwater Analytics Reports Q4 Loss and Revenue Beat
- Financial Overview: Clearwater Analytics reported a Q4 loss of $12.2 million, translating to a loss of 4 cents per share, while adjusted earnings of 15 cents per share met Wall Street expectations, indicating stability in the company's performance.
- Revenue Performance: The company achieved revenue of $217.5 million in Q4, surpassing analyst expectations of $216.7 million, reflecting strong market demand for its automated investment accounting software, which may drive future growth.
- Annual Summary: For the year, Clearwater reported a loss of $38.8 million, or 14 cents per share, yet generated revenue of $731.4 million, demonstrating the company's efforts to expand its market share despite the losses.
- Market Expectations: Analysts remain optimistic about the company's future performance, anticipating that its ongoing revenue growth and stable adjusted earnings will attract more investor interest and bolster market confidence.
See More
Starboard Value's Q4 Investment Moves: New Holdings and Exits
- New Holdings: Starboard Value established new positions in Clearwater Analytics (CWAN) with 9.95M shares and Fluor Corporation (FLR) with 5.19M shares in Q4, indicating strong confidence in their growth potential which may positively impact their market performance.
- Increased Stakes: The fund raised its stake in Kenvue (KVUE) from 20.93M shares to 27.31M shares, valued at $471.06M, reflecting an optimistic outlook on the company's future performance and potentially enhancing its competitive position in the market.
- Position Reduction: Starboard Value exited its position in Alight (ALIT), previously holding 45.86M shares, indicating a cautious stance on the company's prospects which could affect its stock price performance.
- Portfolio Adjustments: The fund also trimmed its holdings in Autodesk (ADSK) from 1.31M shares to 1M shares and in Salesforce (CRM) from 1.24M shares to 940.32K shares, suggesting a reassessment of the growth potential of these companies moving forward.
See More
Keenan Capital Acquires Stake in Clearwater Analytics Holdings
- New Investment Position: Keenan Capital initiated a new position by purchasing 3,660,973 shares of Clearwater Analytics Holdings for approximately $88.30 million in Q4 2026, indicating strong confidence in the company despite its recent underperformance.
- Portfolio Allocation Shift: This acquisition elevates Clearwater Analytics Holdings to 16.08% of Keenan Capital's reportable U.S. equity AUM, highlighting its significance in the investment portfolio and potentially influencing future investment strategies.
- Significant Performance Growth: Clearwater reported a 77% year-over-year revenue increase to $205.1 million and an 84% rise in adjusted EBITDA to $70.7 million, showcasing the strong operational leverage of its SaaS platform, which is likely to attract further investor interest.
- Complex Acquisition Context: Clearwater agreed to an $8.4 billion acquisition in December, making the timing of Keenan Capital's stake acquisition noteworthy, prompting discussions about investment strategies as investors await the upcoming earnings release and integration execution.
See More
Investor Rights Law Firm Investigates Multiple Companies for Potential Violations
- Merger Investigation: Halper Sadeh LLC is investigating the merger between Contango ORE, Inc. and Dolly Varden Silver Corporation, where Contango shareholders are expected to own approximately 50% of the combined entity, potentially impacting shareholder rights and future returns.
- FONAR Shareholder Rights: FONAR Corporation is being sold to its CEO and certain executives at $19.00 per share for Class B common stock and $6.34 per share for Class C common stock, raising concerns about potential conflicts of interest among management.
- Clearwater Acquisition Details: Clearwater Analytics Holdings, Inc. is being sold to Permira and Warburg Pincus for $24.55 per share in cash, with terms that may affect shareholder rights, prompting Halper Sadeh LLC to seek increased consideration.
- Legal Rights Consultation: Halper Sadeh LLC encourages shareholders to contact them to discuss their rights and options at no cost, indicating the firm's commitment to protecting investor interests and potentially advocating for higher transaction compensation.
See More
Chase Investment Counsel Acquires Clearwater Analytics Shares
- New Investment Position: Chase Investment Counsel reported a new position in Clearwater Analytics, acquiring 237,532 shares valued at $5.7 million, which represents 1.6% of its reportable assets as of December 31, 2025, indicating confidence in the company.
- Holding Status: This acquisition marks a new position for Chase, which did not previously hold shares in Clearwater, highlighting its strategy to diversify investments despite not being among the top five holdings.
- Market Performance: Clearwater's stock closed at $23.46 on February 4, with a market capitalization of $6.8 billion; however, the stock has declined by 17.4% over the past year, underperforming compared to the Nasdaq and S&P 500 indices, reflecting market caution regarding its future.
- Acquisition Dynamics: Private equity firms Permira and Warburg Pincus have agreed to acquire Clearwater for $8.4 billion, or $24.55 per share, suggesting that if Chase's purchase timing is favorable, it could yield significant gains, but investors should be wary of potential risks if the deal does not materialize.
See More
Clearwater Analytics and TreasurySpring Integration Enhances Cash Management
- Cash Management Optimization: The integration of Clearwater Analytics with TreasurySpring enables institutional clients to optimize surplus cash returns by accessing over 1,000 cash investment products, ensuring alignment with fixed-term investments that have specific maturity dates, thereby enhancing capital efficiency.
- Diversified Counterparty Risk: Clients can diversify counterparty exposure across more than 120 highly rated global banks, governments, and corporate issuers through TreasurySpring, which not only enhances the security of investment portfolios but also increases overall return potential.
- Operational Efficiency Improvement: The integration allows clients to achieve automated settlement and real-time reporting within Clearwater's investment accounting framework, enhancing integrated position reporting across multiple currencies and counterparties, thus streamlining operations and improving transparency.
- Strategic Collaboration Benefits: This partnership not only provides clients with flexible cash management solutions but also ensures that they can seamlessly meet immediate liquidity needs and optimize surplus cash returns within a single environment by integrating fixed-term investment capabilities with liquidity solutions.
See More
