CCC Intelligent Solutions Holdings Inc. $CCCS Shares Sold by Citigroup Inc.

Key Points

• Citigroup Inc. reduced its stake in CCC Intelligent Solutions Holdings Inc. by 18.4%, owning 1,537,628 shares worth approximately $13.89 million after selling 345,996 shares in the first quarter.
• Insider sales included two directors each selling 30 million shares for a total of $296.1 million, representing a 97.19% decrease in their holdings.
• Analysts maintain a mixed outlook on CCC Intelligent Solutions, with recent target prices ranging from $10.00 to $14.00 and a consensus rating of "Hold."

Citigroup Inc. decreased its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 18.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,537,628 shares of the company's stock after selling 345,996 shares during the period. Citigroup Inc. owned about 0.23% of CCC Intelligent Solutions worth $13,885,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. T. Rowe Price Investment Management Inc. increased its position in shares of CCC Intelligent Solutions by 6.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 68,866,717 shares of the company's stock worth $807,807,000 after purchasing an additional 4,060,284 shares in the last quarter. Vanguard Group Inc. increased its position in shares of CCC Intelligent Solutions by 9.9% during the first quarter. Vanguard Group Inc. now owns 56,491,007 shares of the company's stock worth $510,114,000 after purchasing an additional 5,103,835 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of CCC Intelligent Solutions by 1.4% during the first quarter. Principal Financial Group Inc. now owns 27,303,495 shares of the company's stock worth $246,551,000 after purchasing an additional 363,944 shares in the last quarter. Brown Advisory Inc. increased its position 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 worth $165,672,000 after purchasing an additional 4,313,296 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in shares of CCC Intelligent Solutions by 1.5% during the first quarter. Conestoga Capital Advisors LLC now owns 12,439,365 shares of the company's stock worth $112,327,000 after purchasing an additional 178,330 shares in the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Crescenzo Neil E. De purchased 100,000 shares of CCC Intelligent Solutions stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average price of $8.54 per share, for a total transaction of $854,000.00. Following the transaction, the director directly owned 213,429 shares in the company, valued at approximately $1,822,683.66. This trade represents a 88.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Rodney Christo sold 5,302 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $9.76, for a total transaction of $51,747.52. The disclosure for this sale can be found here. In the last 90 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 Stock Performance

NYSE:CCCS traded up $0.0350 during mid-day trading on Tuesday, hitting $9.7550. The company's stock had a trading volume of 823,306 shares, compared to its average volume of 7,557,038. 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 debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 487.99 and a beta of 0.74. The business's fifty day moving average is $9.55 and its two-hundred day moving average is $9.41.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted 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. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company had revenue of $260.45 million for the quarter, compared to analyst estimates of $256.21 million. During the same period in the prior year, the company earned $0.09 earnings per share. The firm's revenue 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 anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CCCS shares. Barclays upped their target price 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 target price on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Piper Sandler reissued a "neutral" rating and issued a $10.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, August 14th. Barrington Research reissued an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 target price on the stock. in a research report on Monday, June 23rd. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $12.21.

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.