Cubist Systematic Strategies LLC Invests $4.85 Million in CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Cubist Systematic Strategies LLC invested $4.85 million in CCC Intelligent Solutions Holdings Inc., acquiring 537,332 shares and representing 0.08% ownership of the company.
• In the first quarter, institutional investors significantly increased their stakes in CCC Intelligent Solutions, with TPG GP A LLC boosting its holdings by 95.4% to 7,988,284 shares.
• Shares of CCC Intelligent Solutions closed at $9.74, with a 52-week range between $8.14 and $12.88, and the company reported a 12% year-over-year revenue increase for the latest quarter.

Cubist Systematic Strategies LLC bought a new position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 537,332 shares of the company's stock, valued at approximately $4,852,000. Cubist Systematic Strategies LLC owned 0.08% of CCC Intelligent Solutions as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. TPG GP A LLC grew its holdings in shares of CCC Intelligent Solutions by 95.4% during the 1st quarter. TPG GP A LLC now owns 7,988,284 shares of the company's stock worth $72,134,000 after purchasing an additional 3,901,064 shares during the period. Baird Financial Group Inc. lifted its position in CCC Intelligent Solutions by 6.8% during the 1st quarter. Baird Financial Group Inc. now owns 28,822 shares of the company's stock worth $260,000 after acquiring an additional 1,833 shares in the last quarter. Pennant Investors LP acquired a new position in CCC Intelligent Solutions during the 1st quarter worth approximately $9,572,000. Kodai Capital Management LP acquired a new position in CCC Intelligent Solutions during the 1st quarter worth approximately $7,992,000. Finally, State of Wyoming lifted its position in CCC Intelligent Solutions by 64.0% during the 1st quarter. State of Wyoming now owns 29,003 shares of the company's stock worth $262,000 after acquiring an additional 11,323 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Stock Performance

Shares of CCCS opened at $9.74 on Thursday. The business's 50 day moving average is $9.71 and its two-hundred day moving average is $9.34. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $8.14 and a 52-week high of $12.88. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 487.24 and a beta of 0.74. 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 (NYSE:CCCS - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.09 earnings per share (EPS) for the quarter, beating 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 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 posted $0.09 EPS. CCC Intelligent Solutions's quarterly 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 forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CCCS shares. Barrington Research reissued an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Monday, August 4th. Piper Sandler reissued a "hold" rating and set a $10.00 price target on shares of CCC Intelligent Solutions in a research report on Thursday, August 14th. Barclays boosted their price target 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. JPMorgan Chase & Co. lowered CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price target on the stock. in a research report on Monday, June 23rd. Finally, The Goldman Sachs Group reduced their price target 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. Three equities 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 company. Based on data from MarketBeat, CCC Intelligent Solutions presently has an average rating of "Hold" and a consensus price target of $11.75.

Insider Activity at CCC Intelligent Solutions

In related news, 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 transaction of $296,100,000.00. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Eric Wei sold 30,000,000 shares of the company'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 value of $296,100,000.00. Following the sale, the director directly owned 866,345 shares in the company, valued at approximately $8,550,825.15. This represents 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 have sold 60,005,302 shares of company stock valued at $592,251,748. Corporate 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.

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