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Conestoga Capital Advisors LLC Has $136.64 Million Holdings in CCC Intelligent Solutions Holdings Inc. $CCCS

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Key Points

  • Conestoga Capital Advisors LLC increased its holdings in CCC Intelligent Solutions by 16.7% in Q2, now owning approximately $136.64 million worth of shares, making it the firm's 21st largest investment.
  • Corporate insiders of CCC Intelligent Solutions have sold 60,197,833 shares worth $594.1 million in the last 90 days, representing significant insider activity in the company.
  • Analyst ratings for CCC Intelligent Solutions vary, with three analysts rating it as a Buy and an average target price of $11.58, although Barclays recently reduced their price target to $11.00.
  • Five stocks to consider instead of CCC Intelligent Solutions.

Conestoga Capital Advisors LLC lifted its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 16.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,520,630 shares of the company's stock after purchasing an additional 2,081,265 shares during the quarter. CCC Intelligent Solutions accounts for 2.0% of Conestoga Capital Advisors LLC's investment portfolio, making the stock its 21st largest holding. Conestoga Capital Advisors LLC owned 2.20% of CCC Intelligent Solutions worth $136,639,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CCCS. Park Place Capital Corp increased its stake in CCC Intelligent Solutions by 47.6% during the 2nd quarter. Park Place Capital Corp now owns 3,806 shares of the company's stock valued at $36,000 after purchasing an additional 1,228 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of CCC Intelligent Solutions during the first quarter valued at about $37,000. AlphaQuest LLC bought a new stake in shares of CCC Intelligent Solutions during the first quarter worth about $47,000. SVB Wealth LLC acquired a new stake in shares of CCC Intelligent Solutions in the 1st quarter worth about $60,000. Finally, Advisors Asset Management Inc. lifted its position in CCC Intelligent Solutions by 40.4% in the 1st quarter. Advisors Asset Management Inc. now owns 6,599 shares of the company's stock valued at $60,000 after acquiring an additional 1,898 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 5,302 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $9.76, for a total value of $51,747.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John Page Goodson sold 150,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $9.59, for a total transaction of $1,438,500.00. Following the sale, the insider owned 157,478 shares of the company's stock, valued at approximately $1,510,214.02. The trade was a 48.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,197,833 shares of company stock worth $594,106,626 in the last ninety days. Corporate insiders own 6.03% of the company's stock.

Analyst Upgrades and Downgrades

CCCS has been the subject of a number of analyst reports. Barclays cut their price target on CCC Intelligent Solutions from $12.00 to $11.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 14th. Piper Sandler reaffirmed a "hold" rating and set a $10.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, August 14th. Barrington Research reiterated an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report 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 price objective on the stock. in a research note on Monday, June 23rd. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $11.58.

Check Out Our Latest Stock Report on CCCS

CCC Intelligent Solutions Stock Performance

CCCS stock opened at $8.80 on Monday. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The firm has a market cap of $5.73 billion, a PE ratio of 440.22 and a beta of 0.72. The business has a 50 day moving average of $9.52 and a 200-day moving average of $9.30. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.14 and a 12-month high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $260.45 million for 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 business's revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

CCC Intelligent Solutions Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CCC Intelligent Solutions (NYSE:CCCS)

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