CCC Intelligent Solutions Holdings Inc. $CCCS Stake Boosted by Advantage Alpha Capital Partners LP

Key Points

• Advantage Alpha Capital Partners LP increased its stake in CCC Intelligent Solutions Holdings Inc. by 71.0%, acquiring an additional 260,785 shares during the first quarter, bringing its total to 627,987 shares.
• Insiders sold a total of 60,005,302 shares of CCC Intelligent Solutions stock worth approximately $592 million in the last 90 days, indicating significant insider activity.
• CCC Intelligent Solutions reported a 12.0% year-over-year increase in revenue, with $260.45 million for the quarter, exceeding analysts' expectations.

Advantage Alpha Capital Partners LP raised its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 71.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 627,987 shares of the company's stock after acquiring an additional 260,785 shares during the quarter. CCC Intelligent Solutions makes up about 1.4% of Advantage Alpha Capital Partners LP's investment portfolio, making the stock its 15th largest holding. Advantage Alpha Capital Partners LP owned 0.10% of CCC Intelligent Solutions worth $5,671,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in shares of CCC Intelligent Solutions by 423.4% in the 1st quarter. Ameriprise Financial Inc. now owns 5,164,996 shares of the company's stock valued at $46,640,000 after purchasing an additional 4,178,165 shares in the last quarter. Clarkston Capital Partners LLC bought a new stake in shares of CCC Intelligent Solutions in the 1st quarter worth $45,766,000. Sellaronda Global Management LP lifted its holdings in CCC Intelligent Solutions by 50.0% during the first quarter. Sellaronda Global Management LP now owns 1,500,000 shares of the company's stock valued at $13,545,000 after purchasing an additional 500,000 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of CCC Intelligent Solutions by 6.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 72,967,671 shares of the company's stock worth $658,899,000 after buying an additional 4,100,954 shares in the last quarter. Finally, EntryPoint Capital LLC increased its position in shares of CCC Intelligent Solutions by 132.5% in the first quarter. EntryPoint Capital LLC now owns 59,166 shares of the company's stock worth $534,000 after purchasing an additional 33,713 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, Director Lauren Young sold 30,000,000 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $8,550,825.15. This trade represents a 97.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Rodney Christo sold 5,302 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $9.76, for a total value of $51,747.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,005,302 shares of company stock valued at $592,251,748. 6.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays raised their price target on CCC Intelligent Solutions from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. downgraded shares of CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price target on the stock. in a report on Monday, June 23rd. Barrington Research reaffirmed an "outperform" rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Monday, August 4th. The Goldman Sachs Group decreased their price target on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Finally, Piper Sandler reaffirmed a "hold" rating and issued a $10.00 price objective on shares of CCC Intelligent Solutions in a research report on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $11.75.

CCC Intelligent Solutions Trading Up 0.7%

NYSE:CCCS traded up $0.07 on Wednesday, reaching $9.75. The company's stock had a trading volume of 1,786,780 shares, compared to its average volume of 7,495,789. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.14 and a 12-month high of $12.88. 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 stock has a 50 day moving average price of $9.65 and a 200 day moving average price of $9.38. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 487.49 and a beta of 0.74.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $260.45 million during the quarter, compared to analysts' expectations of $256.21 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.CCC Intelligent Solutions's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous 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, equities analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal 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.