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We recently published Big Winners: 10 Stocks Refusing to take a Holiday. Clearwater Analytics Holdings, Inc. (NYSE:CWAN) is one of the last week’s best performers.
Clearwater Analytics jumped by 8.4 percent week-on-week, as investors gobbled up shares after confirming that it was set to be taken private for $8.4 billion.
In a statement earlier in the week, Clearwater Analytics Holdings, Inc. (NYSE:CWAN) said that it officially entered into an agreement with Permira and Warburg Pincus, with participation from Temasek, for the acquisition of its shares at a price of $24.55 apiece. The figure represented a 47 percent premium over the last closing price on November 10, prior to media reports regarding the deal.
Clearwater Analytics Holdings, Inc. (NYSE:CWAN) said that the transaction is expected to close in the first half of 2026, subject to shareholder and other regulatory approvals.
“This deal represents a great outcome for Clearwater Analytics and our stockholders. It also positions us well for our next chapter of growth,” said Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai.
“Operating as a private company will empower us to invest boldly as we integrate the platforms to deliver a next-generation front-to-back solution that natively addresses alternative assets, provides industry-leading risk analytics, and delivers on agentic solutions powered by our unique and proprietary database,” he added.
While we acknowledge the potential of CWAN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.