Kodai Capital Management LP Invests $7.99 Million in CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Kodai Capital Management LP has invested $7.99 million to acquire 885,101 shares of CCC Intelligent Solutions Holdings Inc. in the first quarter, representing approximately 0.13% of the company.
• Significant insider activity was noted as two directors sold 60 million shares each for approximately $296.1 million, resulting in a 97.19% decrease in their ownership.
• Analysts have mixed opinions on CCC Intelligent Solutions, with Goldman Sachs lowering its price target to $11.50 while Barrington Research set a target price of $14.00, indicating a potential for growth despite recent downgrades.

Kodai Capital Management LP acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 885,101 shares of the company's stock, valued at approximately $7,992,000. Kodai Capital Management LP owned about 0.13% of CCC Intelligent Solutions at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. State of Wyoming boosted its position in shares of CCC Intelligent Solutions by 64.0% during the first quarter. State of Wyoming now owns 29,003 shares of the company's stock valued at $262,000 after buying an additional 11,323 shares during the period. Eisler Capital Management Ltd. bought a new position in CCC Intelligent Solutions in the first quarter worth approximately $238,000. B. Metzler seel. Sohn & Co. AG increased its position in shares of CCC Intelligent Solutions by 20.3% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 216,923 shares of the company's stock worth $1,959,000 after purchasing an additional 36,545 shares in the last quarter. Comerica Bank increased its position in shares of CCC Intelligent Solutions by 14.0% during the first quarter. Comerica Bank now owns 1,144,678 shares of the company's stock worth $10,336,000 after purchasing an additional 140,874 shares in the last quarter. Finally, Synovus Financial Corp increased its position in shares of CCC Intelligent Solutions by 36.8% during the first quarter. Synovus Financial Corp now owns 319,321 shares of the company's stock worth $2,883,000 after purchasing an additional 85,908 shares in the last quarter. Hedge funds and other 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 lowered their price target 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. Piper Sandler reissued a "hold" rating and set a $10.00 target price on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. Barrington Research reaffirmed an "outperform" rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Monday, August 4th. Barclays raised 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 note on Friday, August 1st. Finally, JPMorgan Chase & Co. downgraded shares of CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price target for the company. in a report on Monday, June 23rd. Three research 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $11.75.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, Director Eric Wei sold 30,000,000 shares of the business's stock in a transaction 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 completion of the transaction, the director owned 866,345 shares in the company, valued at $8,550,825.15. The trade was a 97.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Rodney Christo sold 5,302 shares of CCC Intelligent Solutions stock in a transaction on Thursday, July 31st. The stock was 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 a total of 60,005,302 shares of company stock worth $592,251,748 over the last 90 days. Corporate insiders own 6.03% of the company's stock.

CCC Intelligent Solutions Trading Up 0.4%

CCC Intelligent Solutions stock traded up $0.04 during trading on Wednesday, hitting $9.84. The company had a trading volume of 1,200,810 shares, compared to its average volume of 7,440,463. 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 current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The company's 50 day simple moving average is $9.70 and its 200-day simple moving average is $9.34. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 492.05 and a beta of 0.74.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.09 earnings per share 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 firm had revenue of $260.45 million during the quarter, compared to the consensus estimate of $256.21 million. During the same quarter last year, the firm earned $0.09 EPS. The firm's revenue for the quarter 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. As a group, analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

CCC Intelligent Solutions Company 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.