BUZZ-Clearwater Analytics rise after Reuters reports private equity firms in buyout talks

Reuters11-17
BUZZ-<a href="https://laohu8.com/S/CWAN">Clearwater Analytics</a> rise after Reuters reports private equity firms in buyout talks

** Shares of investment accounting software provider Clearwater Analytics CWAN.N rise 13.7% to $21.89 premarket

** Global private equity firms Warburg Pincus and Permira in talks to buy co, source familiar with matter told Reuters

** Bloomberg News was the first to report on the talks on Friday, however the deal value was not mentioned

** CWAN has a market cap of $5.63 bln as of Friday's close, according to data compiled by LSEG

** CWAN went public in 2021 at valuation of $5.5 bln

** All 12 brokerages rate the stock "buy" or higher; their median PT is $27

** As of last close, CWAN down 30% YTD

(Reporting by Avinash P in Bengaluru)

((Avinash.P@thomsonreuters.com;))

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