Roubaix Capital LLC Invests $5.53 Million in CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Roubaix Capital LLC has acquired a new stake of 611,801 shares in CCC Intelligent Solutions Holdings Inc., valued at approximately $5.5 million, making it the fund's 7th biggest position.
• Institutional investors and hedge funds now own 95.79% of CCC's stock, reflecting a strong institutional interest in the company.
• Recent analyst reports show varied outlooks on the stock, with target price adjustments ranging from $10.00 to $14.00, leading to an average rating of "Hold".

Roubaix Capital LLC bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 611,801 shares of the company's stock, valued at approximately $5,525,000. CCC Intelligent Solutions comprises 2.9% of Roubaix Capital LLC's investment portfolio, making the stock its 7th largest holding. Roubaix Capital LLC owned about 0.09% of CCC Intelligent Solutions as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Amalgamated Bank lifted its position in shares of CCC Intelligent Solutions by 4.9% in the 1st quarter. Amalgamated Bank now owns 24,885 shares of the company's stock valued at $225,000 after acquiring an additional 1,163 shares in the last quarter. Townsquare Capital LLC lifted its stake in CCC Intelligent Solutions by 6.5% in the 4th quarter. Townsquare Capital LLC now owns 24,338 shares of the company's stock worth $285,000 after acquiring an additional 1,475 shares in the last quarter. Quantinno Capital Management LP lifted its stake in CCC Intelligent Solutions by 8.8% in the 4th quarter. Quantinno Capital Management LP now owns 19,036 shares of the company's stock worth $223,000 after acquiring an additional 1,541 shares in the last quarter. Stephens Inc. AR lifted its stake in CCC Intelligent Solutions by 7.8% in the 1st quarter. Stephens Inc. AR now owns 25,056 shares of the company's stock worth $226,000 after acquiring an additional 1,811 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in CCC Intelligent Solutions by 3.8% in the 1st quarter. Cetera Investment Advisers now owns 50,097 shares of the company's stock worth $452,000 after acquiring an additional 1,856 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Stock Performance

Shares of NYSE:CCCS traded up $0.02 during trading on Thursday, reaching $9.83. The stock had a trading volume of 5,327,809 shares, compared to its average volume of 7,557,512. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $8.14 and a 52 week high of $12.88. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 491.75 and a beta of 0.74. 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 stock has a fifty day simple moving average of $9.58 and a two-hundred day simple moving average of $9.42.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $260.45 million for the quarter, compared to analyst estimates of $256.21 million. During the same quarter last year, the firm posted $0.09 earnings per share. The company's quarterly revenue was up 12.0% compared to the same quarter last year. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCCS has been the subject of a number of research analyst reports. Barrington Research reissued an "outperform" rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Monday, August 4th. The Goldman Sachs Group reduced their price target on shares of 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. 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 report on Monday, June 23rd. Piper Sandler reiterated a "hold" rating and issued a $10.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, August 14th. Finally, Barclays increased their price objective 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. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $11.75.

Insider Activity

In related news, Director Lauren Young sold 30,000,000 shares of CCC Intelligent Solutions 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 transaction, the director owned 866,345 shares in the company, valued at $8,550,825.15. This trade represents a 97.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eric Wei sold 30,000,000 shares of CCC Intelligent Solutions stock in a transaction dated Thursday, August 7th. The stock was 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,005,302 shares of company stock worth $592,251,748. 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.