Rockbridge Capital Management LLC Buys 220,474 Shares of CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Rockbridge Capital Management LLC increased its stake in CCC Intelligent Solutions Holdings Inc. by 47.8%, acquiring an additional 220,474 shares, and now holds 681,249 shares, representing about 3.6% of its investment portfolio.
• Insider activity showed significant selling, with Director Lauren Young selling 30 million shares for approximately $296 million, leading to a 97.19% decrease in their position.
• Analyst ratings are mixed, with Barclays lowering their price target from $12.00 to $11.00, while Barrington Research retained an "outperform" rating with a target of $14.00.

Rockbridge Capital Management LLC raised its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 47.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 681,249 shares of the company's stock after buying an additional 220,474 shares during the period. CCC Intelligent Solutions comprises about 3.6% of Rockbridge Capital Management LLC's investment portfolio, making the stock its 11th biggest position. Rockbridge Capital Management LLC owned 0.10% of CCC Intelligent Solutions worth $6,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Park Place Capital Corp increased its holdings in shares of CCC Intelligent Solutions by 47.6% in the 2nd quarter. Park Place Capital Corp now owns 3,806 shares of the company's stock worth $36,000 after buying an additional 1,228 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of CCC Intelligent Solutions in the 1st quarter valued at $37,000. AlphaQuest LLC purchased a new stake in shares of CCC Intelligent Solutions in the 1st quarter valued at $47,000. SVB Wealth LLC purchased a new stake in shares of CCC Intelligent Solutions in the 1st quarter valued at $60,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of 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 purchasing an additional 1,898 shares in the last quarter. Institutional investors own 95.79% of the company's stock.

Insider Activity

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 5,302 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $9.76, for a total transaction of $51,747.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 sale, the director directly owned 866,345 shares of the company's stock, valued at $8,550,825.15. The trade was a 97.19% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,197,833 shares of company stock worth $594,106,626. 6.03% of the stock is currently owned by corporate insiders.

CCC Intelligent Solutions Trading Down 0.5%

Shares of CCCS opened at $9.28 on Thursday. The stock has a market capitalization of $6.04 billion, a P/E ratio of 464.23 and a beta of 0.72. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The firm has a fifty day simple moving average of $9.55 and a two-hundred day simple moving average of $9.30. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $8.14 and a twelve month high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its quarterly 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. The business had revenue of $260.45 million during the quarter, compared to analysts' expectations of $256.21 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 EPS. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CCCS. Barclays cut their price objective on shares of CCC Intelligent Solutions from $12.00 to $11.00 and set an "equal weight" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price objective for the company. in a research note on Monday, June 23rd. Barrington Research reaffirmed an "outperform" rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Monday, August 4th. Finally, Piper Sandler reaffirmed a "hold" rating and issued a $10.00 price objective on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, CCC Intelligent Solutions presently has a consensus rating of "Hold" and a consensus price target of $11.58.

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.

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