Duquesne Family Office LLC Makes New Investment in CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Duquesne Family Office LLC has acquired 5,595,039 shares of CCC Intelligent Solutions Holdings Inc., valued at approximately $50.5 million, making it the company's 18th largest position.
• Top institutional investors, including Vanguard Group and Ameriprise Financial, have also recently increased their stakes in CCC Intelligent Solutions, highlighting substantial institutional interest in the stock.
• Despite positive earnings results, analysts have mixed ratings on the stock, with target prices ranging from $10.00 to $14.00, reflecting varied outlooks among investment firms.

Duquesne Family Office LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,595,039 shares of the company's stock, valued at approximately $50,523,000. CCC Intelligent Solutions makes up 1.7% of Duquesne Family Office LLC's investment portfolio, making the stock its 18th biggest holding. Duquesne Family Office LLC owned 0.85% of CCC Intelligent Solutions as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in CCC Intelligent Solutions during the 1st quarter worth about $37,000. AlphaQuest LLC acquired a new position in CCC Intelligent Solutions during the 1st quarter worth about $47,000. SVB Wealth LLC acquired a new position in CCC Intelligent Solutions during the 1st quarter worth about $60,000. Advisors Asset Management Inc. lifted its holdings in CCC Intelligent Solutions by 40.4% during the 1st quarter. Advisors Asset Management Inc. now owns 6,599 shares of the company's stock worth $60,000 after buying an additional 1,898 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in CCC Intelligent Solutions by 28.4% during the 1st quarter. Smartleaf Asset Management LLC now owns 9,321 shares of the company's stock worth $83,000 after buying an additional 2,063 shares during the period. Institutional investors and hedge funds own 95.79% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 target price for the company. in a research note on Monday, June 23rd. Barclays boosted their price objective on CCC Intelligent Solutions from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Piper Sandler reissued a "hold" rating and issued a $10.00 price objective on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. Finally, Barrington Research reissued an "outperform" rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Monday, August 4th. Three research 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's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $11.75.

CCC Intelligent Solutions Stock Down 1.4%

Shares of NYSE CCCS traded down $0.14 during mid-day trading on Tuesday, reaching $9.73. 1,221,325 shares of the company's stock traded hands, compared to its average volume of 7,361,342. The stock has a market cap of $6.33 billion, a P/E ratio of 486.49 and a beta of 0.74. The business has a 50-day simple moving average of $9.74 and a 200 day simple moving average of $9.31. 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.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $260.45 million during the quarter, compared to the consensus estimate of $256.21 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 earnings per share. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Insider Activity

In related news, Director Eric Wei sold 30,000,000 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 866,345 shares of the company's stock, valued at $8,550,825.15. This trade represents a 97.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Rodney Christo sold 5,302 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were 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. Insiders sold 60,047,833 shares of company stock valued at $592,668,126 over the last ninety days. Company 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.