CCC Intelligent Solutions Holdings Inc. $CCCS Shares Bought by Crescent Park Management L.P.

Key Points

• Crescent Park Management L.P. increased its stake in CCC Intelligent Solutions by 162.7%, now owning approximately $10.3 million worth of shares, making it the company's 8th largest position.
• Insider trading activity includes Director Eric Wei selling 30 million shares for approximately $296.1 million, reducing his ownership by 97.19%.
• Analysts have mixed opinions on the stock, with ratings ranging from "buy" to "underweight", and the consensus price target set at $11.75.

Crescent Park Management L.P. increased its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 162.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,140,581 shares of the company's stock after acquiring an additional 706,429 shares during the quarter. CCC Intelligent Solutions comprises 4.8% of Crescent Park Management L.P.'s investment portfolio, making the stock its 8th biggest position. Crescent Park Management L.P. owned about 0.17% of CCC Intelligent Solutions worth $10,299,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CCCS. Quarry LP acquired a new position in CCC Intelligent Solutions during the fourth quarter worth about $36,000. Banque Cantonale Vaudoise acquired a new position in CCC Intelligent Solutions in the 1st quarter valued at about $37,000. AlphaQuest LLC acquired a new position in CCC Intelligent Solutions in the 1st quarter valued at about $47,000. Tocqueville Asset Management L.P. acquired a new position in CCC Intelligent Solutions in the 1st quarter valued at about $90,000. Finally, Machina Capital S.A.S. acquired a new position in CCC Intelligent Solutions in the 1st quarter valued at about $98,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 5,302 shares of the 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lauren Young sold 30,000,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 866,345 shares in the company, valued at approximately $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 have sold a total of 60,005,302 shares of company stock valued at $592,251,748 in the last ninety days. Company insiders own 6.03% of the company's stock.

CCC Intelligent Solutions Stock Up 1.5%

CCCS traded up $0.15 during trading hours on Thursday, hitting $9.98. 1,543,543 shares of the company's stock were exchanged, compared to its average volume of 7,485,357. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.14 and a 12-month high of $12.88. The firm has a 50 day moving average of $9.66 and a 200 day moving average of $9.38. The firm has a market cap of $6.50 billion, a P/E ratio of 499.00 and a beta of 0.74. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39.

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 for the quarter, topping the consensus estimate 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 firm 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 firm earned $0.09 EPS. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CCCS has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered 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 report on Monday, June 23rd. Piper Sandler reiterated a "hold" rating and issued a $10.00 target price on shares of CCC Intelligent Solutions in a report on Thursday, August 14th. The Goldman Sachs Group decreased their target price on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a report on Wednesday, May 7th. 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. Finally, Barclays boosted their target price on shares of 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 investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $11.75.

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.