CCC Intelligent Solutions Holdings Inc. $CCCS Shares Sold by Advent International L.P.

Key Points

• Advent International L.P. decreased its holdings in CCC Intelligent Solutions by 30.1%, selling 42 million shares, which now makes up 27.8% of their portfolio.
• During Q1, other institutional investors like T. Rowe Price and Vanguard also adjusted their stakes, with T. Rowe Price increasing its holdings by 6.0% and Vanguard by 9.9%.
• CCC Intelligent Solutions reported a revenue of $260.45 million for the quarter, exceeding analyst expectations, with a year-over-year revenue increase of 12.0%.

Advent International L.P. decreased its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 30.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 97,342,526 shares of the company's stock after selling 42,000,000 shares during the period. CCC Intelligent Solutions accounts for about 27.8% of Advent International L.P.'s holdings, making the stock its largest position. Advent International L.P. owned about 14.77% of CCC Intelligent Solutions worth $879,003,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas increased its holdings in shares of CCC Intelligent Solutions by 13.6% during the 1st quarter. Teacher Retirement System of Texas now owns 184,804 shares of the company's stock valued at $1,669,000 after acquiring an additional 22,185 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of CCC Intelligent Solutions by 644.2% during the 1st quarter. GAMMA Investing LLC now owns 24,878 shares of the company's stock valued at $225,000 after acquiring an additional 21,535 shares during the last quarter. Amalgamated Bank increased its holdings in shares of CCC Intelligent Solutions by 4.9% during the 1st quarter. Amalgamated Bank now owns 24,885 shares of the company's stock valued at $225,000 after acquiring an additional 1,163 shares during the last quarter. KBC Group NV boosted its stake in CCC Intelligent Solutions by 26.0% during the 1st quarter. KBC Group NV now owns 20,261 shares of the company's stock valued at $183,000 after purchasing an additional 4,186 shares during the period. Finally, Fifth Third Bancorp boosted its stake in CCC Intelligent Solutions by 35.7% during the 1st quarter. Fifth Third Bancorp now owns 41,678 shares of the company's stock valued at $376,000 after purchasing an additional 10,957 shares during the period. Institutional investors and hedge funds own 95.79% of the company's stock.

Insider Transactions at CCC Intelligent Solutions

In other news, Director Eric Wei sold 30,000,000 shares of the 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 completion of the transaction, the director directly owned 866,345 shares of the company's stock, valued at approximately $8,550,825.15. This represents a 97.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lauren Young sold 30,000,000 shares of the 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 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 60,005,302 shares of company stock valued at $592,251,748. Corporate insiders own 6.03% of the company's stock.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock traded up $0.17 during mid-day trading on Friday, reaching $9.83. The stock had a trading volume of 3,575,692 shares, compared to its average volume of 7,412,835. The firm's 50 day simple moving average is $9.73 and its 200 day simple moving average is $9.33. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a one year low of $8.14 and a one year high of $12.88. The firm has a market cap of $6.40 billion, a PE ratio of 491.75 and a beta of 0.74.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The business had revenue of $260.45 million during the quarter, compared to analysts' expectations of $256.21 million. During the same period in the prior year, the firm posted $0.09 EPS. CCC Intelligent Solutions's quarterly revenue 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. On average, analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on CCCS. JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 target price for the company. in a research note on Monday, June 23rd. Barrington Research reiterated an "outperform" rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Monday, August 4th. Barclays raised their price objective on CCC Intelligent Solutions from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Finally, Piper Sandler reiterated a "hold" rating and issued a $10.00 price objective on shares of CCC Intelligent Solutions in a research report on Thursday, August 14th. Three equities research 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.com, CCC Intelligent Solutions has a consensus rating of "Hold" and a consensus price target 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.