Teca Partners LP Sells 286,259 Shares of CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Teca Partners LP has reduced its holdings in CCC Intelligent Solutions by 13.6%, making it the company's 3rd largest position at about 11.8% of its portfolio.
• Insider trading has been significant, with Director Lauren Young selling 30 million shares worth approximately $296.1 million, a significant decrease in ownership.
• CCC Intelligent Solutions reported a 12% increase in revenue year-over-year for the last quarter, with earnings per share exceeding analyst expectations.

Teca Partners LP decreased its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 13.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,825,316 shares of the company's stock after selling 286,259 shares during the quarter. CCC Intelligent Solutions comprises approximately 11.8% of Teca Partners LP's holdings, making the stock its 3rd largest position. Teca Partners LP owned approximately 0.28% of CCC Intelligent Solutions worth $16,483,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCCS. Mariner LLC boosted its position in shares of CCC Intelligent Solutions by 2.7% during the 4th quarter. Mariner LLC now owns 71,244 shares of the company's stock valued at $836,000 after purchasing an additional 1,878 shares in the last quarter. NewEdge Advisors LLC lifted its stake in CCC Intelligent Solutions by 23.1% during the fourth quarter. NewEdge Advisors LLC now owns 25,945 shares of the company's stock valued at $304,000 after purchasing an additional 4,872 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in CCC Intelligent Solutions by 11.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,461,972 shares of the company's stock worth $75,801,000 after buying an additional 679,801 shares in the last quarter. MML Investors Services LLC boosted its holdings in CCC Intelligent Solutions by 585.8% during the fourth quarter. MML Investors Services LLC now owns 180,062 shares of the company's stock worth $2,112,000 after buying an additional 153,806 shares in the last quarter. Finally, Stifel Financial Corp grew its position in CCC Intelligent Solutions by 41.4% in the fourth quarter. Stifel Financial Corp now owns 229,212 shares of the company's stock worth $2,689,000 after buying an additional 67,136 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 5,302 shares of CCC Intelligent Solutions 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric Wei sold 30,000,000 shares of the business's 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 $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. Over the last quarter, insiders have sold 60,005,302 shares of company stock valued at $592,251,748. 6.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CCCS shares. JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price objective for the company. in a research report on Monday, June 23rd. Piper Sandler reaffirmed a "hold" rating and set a $10.00 target price on shares of CCC Intelligent Solutions in a report on Thursday, August 14th. Barclays increased their price target on 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. The Goldman Sachs Group cut their price objective 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, Barrington Research reiterated an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, August 4th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $11.75.

CCC Intelligent Solutions Stock Up 2.0%

NYSE:CCCS traded up $0.20 on Thursday, hitting $10.03. 5,498,436 shares of the company's stock traded hands, compared to its average volume of 7,510,148. The company has a market cap of $6.53 billion, a PE ratio of 501.75 and a beta of 0.74. 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 current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $9.67 and a 200-day moving average price of $9.37.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $256.21 million. During the same period in the prior year, the business posted $0.09 earnings per share. CCC Intelligent Solutions's revenue for the quarter was up 12.0% compared to the same quarter last year. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal 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.