Tpg Gp A LLC Purchases 3,901,064 Shares of CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Tpg Gp A LLC significantly increased its stake in CCC Intelligent Solutions by 95.4% in Q1, owning nearly 8 million shares valued at over $72 million.
• Insider activity saw Director Lauren Young sell 30 million shares for approximately $296 million, marking a 97.19% decrease in their ownership share.
• Analyst ratings on CCC Intelligent Solutions are mixed, with one downgrade to "underweight" from JPMorgan, while Barrington Research maintains an "outperform" rating with a target price set at $14.00.

TPG GP A LLC increased its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 95.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,988,284 shares of the company's stock after purchasing an additional 3,901,064 shares during the quarter. CCC Intelligent Solutions makes up 1.4% of TPG GP A LLC's investment portfolio, making the stock its 16th biggest holding. TPG GP A LLC owned approximately 1.21% of CCC Intelligent Solutions worth $72,134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CCCS. Vanguard Group Inc. lifted its holdings in CCC Intelligent Solutions by 9.9% in the first quarter. Vanguard Group Inc. now owns 56,491,007 shares of the company's stock valued at $510,114,000 after buying an additional 5,103,835 shares during the period. Clarkston Capital Partners LLC acquired a new position in CCC Intelligent Solutions in the first quarter valued at $45,766,000. Jefferies Financial Group Inc. acquired a new position in CCC Intelligent Solutions in the fourth quarter valued at $58,080,000. Brown Advisory Inc. raised its holdings in shares of CCC Intelligent Solutions by 30.7% during the first quarter. Brown Advisory Inc. now owns 18,346,792 shares of the company's stock valued at $165,672,000 after purchasing an additional 4,313,296 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of CCC Intelligent Solutions by 423.4% during the first quarter. Ameriprise Financial Inc. now owns 5,164,996 shares of the company's stock valued at $46,640,000 after purchasing an additional 4,178,165 shares during the period. Institutional investors and hedge funds own 95.79% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CCCS shares. Piper Sandler restated a "hold" rating and issued a $10.00 target price on shares of CCC Intelligent Solutions in a report on Thursday, August 14th. 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. Barclays upped their target price on shares of CCC Intelligent Solutions from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. The Goldman Sachs Group lowered 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. Finally, JPMorgan Chase & Co. downgraded shares of 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. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, CCC Intelligent Solutions currently has an average rating of "Hold" and an average price target of $11.75.

CCC Intelligent Solutions Trading Down 0.6%

Shares of CCCS stock traded down $0.06 on Wednesday, hitting $9.74. 3,254,855 shares of the company's stock traded hands, compared to its average volume of 7,453,423. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 487.24 and a beta of 0.74. CCC Intelligent Solutions Holdings Inc. has a one year low of $8.14 and a one year 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. The company's fifty day simple moving average is $9.71 and its 200 day simple moving average is $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 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 net margin of 5.02% and a return on equity of 5.35%. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous 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 forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, Director Eric Wei sold 30,000,000 shares of CCC Intelligent Solutions 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 transaction, the director directly owned 866,345 shares of the company's stock, valued at approximately $8,550,825.15. The trade was a 97.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Young sold 30,000,000 shares of the business's 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,005,302 shares of company stock valued at $592,251,748. 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.