Boothbay Fund Management LLC Invests $13.38 Million in CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Boothbay Fund Management LLC has acquired a new stake in CCC Intelligent Solutions Holdings Inc., purchasing approximately 1.48 million shares valued at around $13.38 million.
• Several other institutional investors have also shown interest in the firm, with notable new stakes from various companies totaling investments of tens of thousands of dollars in the first quarter.
• Insider transactions saw two directors selling 30 million shares each at an average price of $9.87, marking a significant reduction in their ownership positions.

Boothbay Fund Management LLC bought a new position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 1,481,920 shares of the company's stock, valued at approximately $13,382,000. Boothbay Fund Management LLC owned approximately 0.22% of CCC Intelligent Solutions as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Advisors Asset Management Inc. increased its stake in CCC Intelligent Solutions by 40.4% during the 1st quarter. Advisors Asset Management Inc. now owns 6,599 shares of the company's stock valued at $60,000 after purchasing an additional 1,898 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in shares of CCC Intelligent Solutions during the first quarter valued at about $3,969,000. Cubist Systematic Strategies LLC acquired a new position in shares of CCC Intelligent Solutions during the first quarter valued at about $4,852,000. TPG GP A LLC increased its position in shares of CCC Intelligent Solutions by 95.4% during the first quarter. TPG GP A LLC now owns 7,988,284 shares of the company's stock worth $72,134,000 after acquiring an additional 3,901,064 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of CCC Intelligent Solutions by 6.8% in the 1st quarter. Baird Financial Group Inc. now owns 28,822 shares of the company's stock worth $260,000 after acquiring an additional 1,833 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CCCS. Barrington Research restated an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, August 4th. JPMorgan Chase & Co. lowered 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 research report on Monday, June 23rd. Piper Sandler reissued a "hold" rating and set 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 CCC Intelligent Solutions from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $11.75.

CCC Intelligent Solutions Stock Performance

CCC Intelligent Solutions stock traded up $0.03 during trading on Monday, hitting $9.86. The stock had a trading volume of 4,888,213 shares, compared to its average volume of 7,397,983. 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's 50 day moving average is $9.73 and its two-hundred day moving average is $9.31. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.14 and a 1 year high of $12.88. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 493.25 and a beta of 0.74.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $260.45 million during the quarter, compared to analyst estimates of $256.21 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The firm's revenue for the quarter was up 12.0% on a year-over-year basis. 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. As a group, analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Insider Buying and Selling

In related news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Young sold 30,000,000 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $9.87, for a total transaction of $296,100,000.00. Following the sale, the director directly owned 866,345 shares in the company, valued at $8,550,825.15. The trade was a 97.19% decrease in their position. 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. Company insiders own 6.03% of the company's stock.

CCC Intelligent Solutions 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.