Brasada Capital Management LP Reduces Stock Position in CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Brasada Capital Management LP has significantly reduced its stake in CCC Intelligent Solutions Holdings Inc. by selling 435,358 shares, resulting in a 68.8% decrease in its holdings.
• Following the sale, CCC Intelligent Solutions' stock opened at $9.90, with a market capitalization of $6.45 billion and a notable P/E ratio of 495.25.
• Insider transactions show that directors Eric Wei and Lauren Young each sold 30 million shares at approximately $9.87, totaling nearly $592 million in sales over the past three months.

Brasada Capital Management LP trimmed its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 68.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,765 shares of the company's stock after selling 435,358 shares during the period. Brasada Capital Management LP's holdings in CCC Intelligent Solutions were worth $1,637,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP purchased a new stake in shares of CCC Intelligent Solutions in the 4th quarter worth $36,000. Banque Cantonale Vaudoise bought a new stake in shares of CCC Intelligent Solutions in the first quarter worth about $37,000. AlphaQuest LLC bought a new stake in shares of CCC Intelligent Solutions in the first quarter worth about $47,000. SVB Wealth LLC purchased a new position in shares of CCC Intelligent Solutions in the 1st quarter worth $60,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of CCC Intelligent Solutions by 28.4% in the 1st quarter. Smartleaf Asset Management LLC now owns 9,321 shares of the company's stock worth $83,000 after buying an additional 2,063 shares in the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Piper Sandler reiterated a "hold" rating and issued a $10.00 price target on shares of CCC Intelligent Solutions in a report on Thursday, August 14th. Barclays increased their price target on shares of CCC Intelligent Solutions from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. downgraded 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. Barrington Research reissued an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Monday, August 4th. Finally, The Goldman Sachs Group decreased their target price on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $11.75.

CCC Intelligent Solutions Price Performance

Shares of NYSE:CCCS traded down $0.10 during midday trading on Tuesday, reaching $9.80. 5,205,964 shares of the company's stock traded hands, compared to its average volume of 7,478,714. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.14 and a 1 year high of $12.88. The company has a market cap of $6.38 billion, a P/E ratio of 490.25 and a beta of 0.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The company has a fifty day simple moving average of $9.69 and a two-hundred day simple moving average of $9.34.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its 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 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 business's revenue 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. Equities analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Insider Activity

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 5,302 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $9.76, for a total value of $51,747.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Eric Wei sold 30,000,000 shares of the 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 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,005,302 shares of company stock valued at $592,251,748. 6.03% of the stock is currently owned by company insiders.

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.