Dark Forest Capital Management LP Takes Position in CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Dark Forest Capital Management LP made a new investment of approximately $3.97 million in shares of CCC Intelligent Solutions Holdings Inc., acquiring a total of 439,545 shares.
• Shares of CCC Intelligent Solutions have a current market capitalization of $6.38 billion, with a one-year performance range between $8.14 and $12.88.
• Insiders have significantly reduced their stakes, with Director Eric Wei selling 30 million shares for approximately $296 million, reflecting a 97.19% decrease in his position.

Dark Forest Capital Management LP bought a new position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 439,545 shares of the company's stock, valued at approximately $3,969,000. Dark Forest Capital Management LP owned about 0.07% of CCC Intelligent Solutions as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CCCS. Vanguard Group Inc. grew its position in shares of CCC Intelligent Solutions by 9.9% during the 1st 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 last quarter. Clarkston Capital Partners LLC bought a new stake in shares of CCC Intelligent Solutions during the 1st quarter valued at about $45,766,000. Jefferies Financial Group Inc. bought a new stake in shares of CCC Intelligent Solutions during the 4th quarter valued at about $58,080,000. Brown Advisory Inc. grew its position in shares of CCC Intelligent Solutions by 30.7% during the 1st quarter. Brown Advisory Inc. now owns 18,346,792 shares of the company's stock valued at $165,672,000 after buying an additional 4,313,296 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of CCC Intelligent Solutions by 423.4% during the 1st quarter. Ameriprise Financial Inc. now owns 5,164,996 shares of the company's stock valued at $46,640,000 after buying an additional 4,178,165 shares during the last quarter. Institutional investors own 95.79% of the company's stock.

Insider Activity at CCC Intelligent Solutions

In other news, CAO Rodney Christo sold 5,302 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $9.76, for a total transaction of $51,747.52. The transaction was disclosed in a document filed with the SEC, 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 sale, the director owned 866,345 shares in the company, valued at $8,550,825.15. This represents a 97.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,005,302 shares of company stock valued at $592,251,748 over the last ninety days. Insiders own 6.03% of the company's stock.

CCC Intelligent Solutions Price Performance

Shares of NYSE:CCCS traded up $0.17 during trading on Friday, reaching $9.83. The company had a trading volume of 3,575,692 shares, compared to its average volume of 7,412,835. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $8.14 and a twelve month high of $12.88. The firm has a market capitalization of $6.40 billion, a PE ratio of 491.75 and a beta of 0.74. The firm's fifty day moving average is $9.73 and its 200 day moving average is $9.32. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its 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 business had revenue of $260.45 million during the quarter, compared to analyst estimates of $256.21 million. During the same period in the prior year, the business earned $0.09 earnings per share. The business'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. On average, equities analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CCCS. 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. 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 research report on Friday, August 1st. Piper Sandler restated a "hold" rating and issued a $10.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, August 14th. Finally, Barrington Research restated an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Monday, August 4th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $11.75.

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.