Clearwater Analytics rises after report activist investor Starboard takes stake

Shares of Clearwater Analytics CWAN.N up 2.9% at $22.40 premarket after a Reuters report activist investor Starboard Value has taken a nearly 5% stake in co

Starboard urges co to boost share price and consider robust sales process with independent advisers; sees business as significantly undervalued amid acquisition integration concerns

Co bought Enfusion, Bistro and Beacon earlier this year, sparking integration worries

Private equity firms have expressed interest in possibly buying the Idaho-based investment accounting software provider

As of last close, stock down 20.9% YTD