62,932 Shares in CCC Intelligent Solutions Holdings Inc. $CCCS Purchased by Lake Hills Wealth Management LLC

Key Points

• Lake Hills Wealth Management LLC has invested approximately $592,000 in CCC Intelligent Solutions Holdings Inc., acquiring 62,932 shares and making it the firm's 27th largest holding.
• Insider transactions have seen significant stock sales, with Director Eric Wei selling 30,000,000 shares valued at $296.1 million, drastically reducing his ownership by 97.19%.
• Analysts hold a consensus rating of "Hold" for CCC Intelligent Solutions, with a consensus price target of $11.75, reflecting mixed evaluations of the stock's future performance.

Lake Hills Wealth Management LLC purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 62,932 shares of the company's stock, valued at approximately $592,000. CCC Intelligent Solutions comprises approximately 0.3% of Lake Hills Wealth Management LLC's portfolio, making the stock its 27th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of CCCS. Banque Cantonale Vaudoise bought a new stake in shares of CCC Intelligent Solutions during the 1st quarter valued at $37,000. AlphaQuest LLC bought a new stake in CCC Intelligent Solutions in the 1st quarter valued at $47,000. SVB Wealth LLC bought a new stake in CCC Intelligent Solutions in the 1st quarter valued at $60,000. Advisors Asset Management Inc. increased its holdings in CCC Intelligent Solutions by 40.4% in the 1st quarter. Advisors Asset Management Inc. now owns 6,599 shares of the company's stock valued at $60,000 after acquiring an additional 1,898 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in CCC Intelligent Solutions by 28.4% in the 1st quarter. Smartleaf Asset Management LLC now owns 9,321 shares of the company's stock valued at $83,000 after acquiring an additional 2,063 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors.

CCC Intelligent Solutions Price Performance

CCCS traded down $0.11 during midday trading on Friday, hitting $9.54. 16,158,102 shares of the company traded hands, compared to its average volume of 7,315,345. 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 has a market capitalization of $6.21 billion, a price-to-earnings ratio of 477.24 and a beta of 0.74. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $8.14 and a 52-week high of $12.88. The business has a 50 day simple moving average of $9.73 and a two-hundred day simple moving average of $9.29.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $260.45 million for the quarter, compared to the consensus estimate of $256.21 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company's revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Barclays lifted their price target on shares of CCC Intelligent Solutions from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Barrington Research restated 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. downgraded shares of CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 target price on the stock. in a report on Monday, June 23rd. Finally, Piper Sandler restated a "hold" rating and issued a $10.00 target price on shares of CCC Intelligent Solutions in a report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $11.75.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Eric Wei sold 30,000,000 shares of the stock in a transaction 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 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 SEC, which is accessible through this hyperlink. Also, Director Lauren Young sold 30,000,000 shares of the stock in a transaction 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 transaction, the director directly owned 866,345 shares in the company, valued at approximately $8,550,825.15. The trade was a 97.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 60,197,833 shares of company stock valued at $594,106,626. 6.03% of the stock is currently owned by company insiders.

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.