Tensile Capital Management Sells $3.2 Million Worth of CWAN Stock, Clearwater Analytics Acquisition Imminent.

Tensile Capital Management LP has sold 159,998 shares of Clearwater Analytics (CWAN) worth $3.20 million. The sale represents a 7.39% stake in Clearwater Analytics and brings the total value of the position to $11.54 million. The company's market capitalization is $6.62 billion, and its stock has underperformed the S&P 500 by 26.71 percentage points over the past year. Clearwater Analytics provides cloud-based software solutions for automated investment data aggregation, reconciliation, accounting, and reporting.