5 Best Stocks to Buy According to Billionaire Glenn Dubin’s Highbridge Capital

4. Clearwater Analytics Holdings Inc. (NYSE:CWAN)

Highbridge Capital’s Stake: $37.8 million

Clearwater Analytics Holdings Inc. (NYSE:CWAN) is a software-as-a-service (SaaS) company that focuses on financial and investment data management. As of June 24th, the shares are up by 11.9% over the past year and by 1.9% year-to-date. As is the case with other software firms, Clearwater Analytics Holdings Inc. (NYSE:CWAN) is also busy integrating artificial intelligence into its products. On June 3rd, the firm announced that its Clearwater Compass, Total Portfolio Oversight and Fund Analytics would work directly with the workflows of institutional managers.

Earlier, on May 7th, Clearwater Analytics Holdings Inc. (NYSE:CWAN) had reported its fiscal first-quarter earnings report. The results saw the firm post $221 million in revenue, $872 million in recurring revenue and $77.4 million in operating income. However, Clearwater Analytics Holdings Inc. (NYSE:CWAN) also posted $2.8 million in GAAP loss. More recently, on June 25th, the firm completed its $8.4 billion take private acquisiton, following which its Class A common stock stopped trading on the NYSE.

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