MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 214,380 Shares of CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in CCC Intelligent Solutions by 33.1%, owning approximately 862,644 shares valued at $7.79 million.
• On July 31, CCC Intelligent Solutions reported $0.09 earnings per share for the recent quarter, exceeding analysts' expectations and reflecting a 12% revenue growth from the previous year.
• Insider Eric Wei sold 30 million shares of CCC Intelligent Solutions stock for approximately $296 million, indicating a significant reduction in his position by 97.19%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 33.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 862,644 shares of the company's stock after buying an additional 214,380 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.13% of CCC Intelligent Solutions worth $7,788,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCCS. Duquesne Family Office LLC acquired a new stake in CCC Intelligent Solutions during the 1st quarter worth about $50,523,000. Vanguard Group Inc. grew its stake in CCC Intelligent Solutions by 9.9% during the 1st quarter. Vanguard Group Inc. now owns 56,491,007 shares of the company's stock valued at $510,114,000 after acquiring an additional 5,103,835 shares in the last quarter. Clarkston Capital Partners LLC purchased a new position in CCC Intelligent Solutions during the 1st quarter valued at about $45,766,000. Brown Advisory Inc. grew its stake in CCC Intelligent Solutions by 30.7% during the 1st quarter. Brown Advisory Inc. now owns 18,346,792 shares of the company's stock valued at $165,672,000 after acquiring an additional 4,313,296 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in CCC Intelligent Solutions by 423.4% during the 1st quarter. Ameriprise Financial Inc. now owns 5,164,996 shares of the company's stock valued at $46,640,000 after acquiring an additional 4,178,165 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

Wall Street Analysts Forecast Growth

CCCS has been the topic of several research analyst reports. Barclays lifted their target price on CCC Intelligent Solutions from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Piper Sandler reaffirmed a "hold" rating and set a $10.00 target price on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. Barrington Research reaffirmed an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. cut CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 target price on the stock. in a research note on Monday, June 23rd. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $11.75.

CCC Intelligent Solutions Stock Down 0.4%

Shares of NYSE CCCS traded down $0.04 during trading hours on Tuesday, hitting $9.56. The stock had a trading volume of 4,042,795 shares, compared to its average volume of 7,291,472. The company has a market capitalization of $6.23 billion, a P/E ratio of 478.24 and a beta of 0.74. The firm's 50-day moving average price is $9.74 and its two-hundred day moving average price is $9.29. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $8.14 and a 52 week high of $12.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The business 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%.The firm's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 EPS. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Insider Buying and Selling

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 5,302 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $9.76, for a total transaction of $51,747.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren Young sold 30,000,000 shares of the company'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 value of $296,100,000.00. Following the sale, the director directly owned 866,345 shares of the company's stock, 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. Insiders sold 60,047,833 shares of company stock worth $592,668,126 over the last ninety days. Company insiders own 6.03% of the company's stock.

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.