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 target of a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 41,130,000 shares, an increase of 28.6% from the July 31st total of 31,990,000 shares. Approximately 7.1% of the company's shares are short sold. Based on an average daily volume of 7,880,000 shares, the days-to-cover ratio is presently 5.2 days. Based on an average daily volume of 7,880,000 shares, the days-to-cover ratio is presently 5.2 days. Approximately 7.1% of the company's shares are short sold.

Analyst Ratings Changes

A number of research firms have recently weighed in on CCCS. Barrington Research reaffirmed an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Monday, August 4th. JPMorgan Chase & Co. downgraded 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 report on Monday, June 23rd. Piper Sandler reaffirmed a "hold" rating and issued a $10.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, August 14th. Finally, Barclays upped their target price on shares of CCC Intelligent Solutions from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $11.75.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 5,302 shares of the business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $9.76, for a total transaction of $51,747.52. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Eric Wei sold 30,000,000 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $9.87, for a total transaction of $296,100,000.00. Following the completion of the sale, the director directly owned 866,345 shares in the company, valued at $8,550,825.15. This represents a 97.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,047,833 shares of company stock valued at $592,668,126 in the last 90 days. 6.03% of the stock is owned by company insiders.

Institutional Trading of CCC Intelligent Solutions

A number of institutional investors have recently made changes to their positions in CCCS. T. Rowe Price Investment Management Inc. lifted its stake in shares of CCC Intelligent Solutions by 6.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 72,967,671 shares of the company's stock worth $658,899,000 after purchasing an additional 4,100,954 shares during the period. Vanguard Group Inc. increased its holdings in CCC Intelligent Solutions by 9.9% during the first quarter. Vanguard Group Inc. now owns 56,491,007 shares of the company's stock valued at $510,114,000 after buying an additional 5,103,835 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in CCC Intelligent Solutions by 23.9% during the second quarter. Artisan Partners Limited Partnership now owns 31,055,604 shares of the company's stock valued at $292,233,000 after buying an additional 5,991,997 shares during the last quarter. Principal Financial Group Inc. increased its holdings in CCC Intelligent Solutions by 1.4% during the first quarter. Principal Financial Group Inc. now owns 27,303,495 shares of the company's stock valued at $246,551,000 after buying an additional 363,944 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in CCC Intelligent Solutions by 9.8% during the second quarter. Brown Advisory Inc. now owns 20,150,876 shares of the company's stock valued at $189,620,000 after buying an additional 1,804,084 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Stock Performance

CCCS traded up $0.06 during midday trading on Friday, hitting $9.78. 4,079,566 shares of the company traded hands, compared to its average volume of 7,325,640. The company's 50-day moving average is $9.74 and its 200 day moving average is $9.30. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $6.37 billion, a PE ratio of 489.24 and a beta of 0.74. CCC Intelligent Solutions has a 52 week low of $8.14 and a 52 week high of $12.88.

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

About CCC Intelligent Solutions

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.