CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Short Interest Update

Key Points

• Short interest in CCC Intelligent Solutions Holdings Inc. grew by 28.6% in August, reaching a total of 41,130,000 shares, indicating rising bearish sentiment among investors.
• Director Lauren Young sold 30 million shares at an average price of $9.87, representing a significant 97.19% decrease in her ownership.
• Analysts have mixed views on CCC Intelligent Solutions, with three rating it as a Buy while one analyst set a price target of $10.00, indicating caution among institutional investors.

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 41,130,000 shares, a growth of 28.6% from the July 31st total of 31,990,000 shares. Based on an average trading volume of 7,880,000 shares, the days-to-cover ratio is presently 5.2 days. Currently, 7.1% of the company's shares are sold short. Currently, 7.1% of the company's shares are sold short. Based on an average trading volume of 7,880,000 shares, the days-to-cover ratio is presently 5.2 days.

Insider Activity

In other CCC Intelligent Solutions news, Director Lauren Young sold 30,000,000 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $9.87, for a total value of $296,100,000.00. Following the transaction, the director owned 866,345 shares in the company, valued at approximately $8,550,825.15. The trade was a 97.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Page Goodson sold 42,531 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $9.79, for a total transaction of $416,378.49. Following the completion of the transaction, the insider owned 157,478 shares in the company, valued at $1,541,709.62. The trade was a 21.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,047,833 shares of company stock worth $592,668,126 over the last ninety days. 6.03% of the stock is owned by insiders.

Institutional Trading of CCC Intelligent Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its holdings in CCC Intelligent Solutions by 293.7% during the second quarter. Osaic Holdings Inc. now owns 3,083 shares of the company's stock valued at $29,000 after buying an additional 2,300 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of CCC Intelligent Solutions by 81.6% in the second quarter. Captrust Financial Advisors now owns 35,928 shares of the company's stock worth $338,000 after purchasing an additional 16,142 shares during the period. Vident Advisory LLC bought a new position in shares of CCC Intelligent Solutions in the second quarter worth approximately $132,000. Two Sigma Securities LLC bought a new position in shares of CCC Intelligent Solutions in the second quarter worth approximately $845,000. Finally, Teza Capital Management LLC bought a new position in shares of CCC Intelligent Solutions in the second quarter worth approximately $155,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on CCCS. Barrington Research restated an "outperform" rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Monday, August 4th. Barclays lifted their target price on shares of CCC Intelligent Solutions from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. lowered shares of CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 target price on the stock. in a research note on Monday, June 23rd. Finally, Piper Sandler reissued a "hold" rating and set a $10.00 price objective on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, CCC Intelligent Solutions has an average rating of "Hold" and a consensus price target of $11.75.

CCC Intelligent Solutions Stock Performance

CCCS stock traded down $0.22 during midday trading on Tuesday, reaching $9.64. 3,378,043 shares of the company's stock traded hands, compared to its average volume of 7,373,483. CCC Intelligent Solutions has a 52-week low of $8.14 and a 52-week high of $12.88. The stock has a market cap of $6.28 billion, a P/E ratio of 482.24 and a beta of 0.74. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The stock's 50-day moving average is $9.74 and its 200 day moving average is $9.31.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The business had revenue of $260.45 million during the quarter, compared to analysts' expectations of $256.21 million. During the same period in the prior year, the company earned $0.09 earnings per share. The firm's revenue was up 12.0% on a year-over-year basis. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts anticipate that CCC Intelligent Solutions will post 0.17 EPS for the current year.

CCC Intelligent Solutions Company Profile

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.

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