EntryPoint Capital LLC Purchases 33,713 Shares of CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• EntryPoint Capital LLC significantly increased its holdings in CCC Intelligent Solutions by 132.5%, acquiring 33,713 additional shares, bringing their total to 59,166 shares valued at approximately $534,000.
• In the first quarter, multiple hedge funds adjusted their positions, with Hsbc Holdings PLC boosting its stake by 859.5%, now owning 103,943 shares worth $932,000.
• Analysts have mixed views on CCC Intelligent Solutions, with target prices ranging from $10.00 to $14.00 and a consensus rating of "Hold," indicating varied expectations for the company's future performance.

EntryPoint Capital LLC grew its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 132.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,166 shares of the company's stock after acquiring an additional 33,713 shares during the quarter. EntryPoint Capital LLC's holdings in CCC Intelligent Solutions were worth $534,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Hsbc Holdings PLC lifted its position in shares of CCC Intelligent Solutions by 859.5% in the 1st quarter. Hsbc Holdings PLC now owns 103,943 shares of the company's stock worth $932,000 after acquiring an additional 93,110 shares during the period. Triple Frond Partners LLC bought a new stake in shares of CCC Intelligent Solutions in the 1st quarter worth approximately $21,807,000. Quantbot Technologies LP bought a new stake in shares of CCC Intelligent Solutions in the 1st quarter worth approximately $8,404,000. Northern Trust Corp lifted its position in shares of CCC Intelligent Solutions by 11.4% in the 1st quarter. Northern Trust Corp now owns 3,128,030 shares of the company's stock worth $28,246,000 after acquiring an additional 321,034 shares during the period. Finally, Roubaix Capital LLC bought a new stake in shares of CCC Intelligent Solutions in the 1st quarter worth approximately $5,525,000. Institutional investors own 95.79% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CCCS. The Goldman Sachs Group reduced their price objective on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Barclays increased their target price on CCC Intelligent Solutions from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Barrington Research reissued an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, August 4th. JPMorgan Chase & Co. cut CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 target price for the company. in a report on Monday, June 23rd. Finally, Piper Sandler reissued a "hold" rating and issued a $10.00 target price on shares of CCC Intelligent Solutions in a report on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $11.75.

Insiders Place Their Bets

In related news, Director Lauren Young sold 30,000,000 shares of the firm's stock in a transaction 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Rodney Christo sold 5,302 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $9.76, for a total value of $51,747.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,005,302 shares of company stock valued at $592,251,748. Company insiders own 6.03% of the company's stock.

CCC Intelligent Solutions Trading Up 0.7%

CCCS stock opened at $9.79 on Wednesday. The business has a fifty day moving average price of $9.56 and a 200 day moving average price of $9.42. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $12.88. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of 489.74 and a beta of 0.74. 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 released its quarterly earnings results on Thursday, July 31st. The company reported $0.09 earnings per share 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 firm had revenue of $260.45 million during the quarter, compared to analysts' expectations of $256.21 million. During the same period last year, the firm posted $0.09 EPS. The business's 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 expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

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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