Denali Advisors LLC Decreases Position in Consensus Cloud Solutions, Inc. $CCSI

Key Points

• Denali Advisors reduced its Consensus Cloud Solutions stake by 13.6% in the second quarter, selling 36,260 shares. The fund still held 230,924 shares worth approximately $8.81 million, while institutional investors collectively owned 93.93% of CCSI.
• Consensus Cloud Solutions exceeded quarterly expectations, reporting $1.49 in EPS versus the $1.48 estimate and revenue of $91.36 million versus $89.63 million expected. Management guided for third-quarter 2026 EPS of $1.34–$1.44 and full-year EPS of $5.55–$5.95.
• Analyst sentiment remains positive, with three Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of $41.67. BTIG and Oppenheimer recently raised their price targets to $50 and $40, respectively.

Denali Advisors LLC cut its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 13.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 230,924 shares of the company's stock after selling 36,260 shares during the period. Consensus Cloud Solutions makes up 0.9% of Denali Advisors LLC's portfolio, making the stock its 19th largest position. Denali Advisors LLC owned 1.26% of Consensus Cloud Solutions worth $8,810,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CCSI. Meeder Asset Management Inc. bought a new position in shares of Consensus Cloud Solutions during the second quarter valued at about $255,000. BlackRock Inc. bought a new stake in shares of Consensus Cloud Solutions in the 2nd quarter valued at about $52,676,000. Pallas Capital Advisors LLC bought a new stake in shares of Consensus Cloud Solutions in the 2nd quarter valued at about $252,000. Deutsche Bank AG purchased a new stake in Consensus Cloud Solutions during the 2nd quarter valued at about $785,000. Finally, Rice Hall James & Associates LLC purchased a new stake in Consensus Cloud Solutions during the 2nd quarter valued at about $7,855,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Consensus Cloud Solutions

In related news, CTO Jeffrey Alan Sullivan sold 5,400 shares of the business's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $37.70, for a total transaction of $203,580.00. Following the transaction, the chief technology officer owned 114,968 shares in the company, valued at $4,334,293.60. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elaine Healy sold 4,000 shares of the business's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $34.27, for a total transaction of $137,080.00. Following the transaction, the director owned 27,658 shares in the company, valued at $947,839.66. This represents a 12.64% decrease in their position. The SEC filing for this sale provides additional information. 3.65% of the stock is currently owned by corporate insiders.

Consensus Cloud Solutions Price Performance

Shares of CCSI stock opened at $38.12 on Thursday. The company has a debt-to-equity ratio of 13.19, a quick ratio of 1.90 and a current ratio of 1.90. Consensus Cloud Solutions, Inc. has a fifty-two week low of $20.20 and a fifty-two week high of $41.40. The firm has a market cap of $698.74 million, a P/E ratio of 7.72 and a beta of 1.57. The business's 50 day moving average price is $36.61 and its 200-day moving average price is $31.04.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.01. Consensus Cloud Solutions had a return on equity of 502.63% and a net margin of 26.69%.The company had revenue of $91.36 million during the quarter, compared to the consensus estimate of $89.63 million. Consensus Cloud Solutions has set its Q3 2026 guidance at 1.340-1.440 EPS and its FY 2026 guidance at 5.550-5.950 EPS. On average, equities research analysts anticipate that Consensus Cloud Solutions, Inc. will post 5.08 earnings per share for the current year.

Analyst Ratings Changes

CCSI has been the topic of a number of analyst reports. BTIG Research lifted their price target on Consensus Cloud Solutions from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Weiss Ratings reissued a "hold (c+)" rating on shares of Consensus Cloud Solutions in a research note on Tuesday, August 4th. Wall Street Zen raised shares of Consensus Cloud Solutions from a "hold" rating to a "buy" rating in a research report on Sunday, May 17th. Finally, Oppenheimer boosted their price objective on shares of Consensus Cloud Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.67.

About Consensus Cloud Solutions

Consensus Cloud Solutions NASDAQ: CCSI is a provider of cloud consulting and managed services focused on helping organizations accelerate digital transformation. The company specializes in designing, deploying and supporting cloud architectures that leverage leading public and private cloud platforms, including infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (SaaS) environments. Its end-to-end approach encompasses strategy, implementation and ongoing optimization to align technology investments with business objectives.

The firm’s core offerings include cloud migration and deployment, application modernization, data analytics and cybersecurity solutions.

Want to see what other hedge funds are holding CCSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source