Royal Bank of Canada Has $15.49 Million Stake in CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• The Royal Bank of Canada reduced its holdings in CCC Intelligent Solutions by 1.7% in the first quarter, now owning approximately 0.26% of the company, valued at $15.49 million.
• Insider selling activity increased significantly, with key individuals selling a total of 60 million shares worth approximately $592.67 million over the last three months.
• CCC Intelligent Solutions recently reported a quarterly revenue of $260.45 million, exceeding analysts' expectations, and its stock currently has an average rating of "Hold" with a target price of $11.75.

Royal Bank of Canada decreased its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,715,993 shares of the company's stock after selling 29,218 shares during the quarter. Royal Bank of Canada owned approximately 0.26% of CCC Intelligent Solutions worth $15,494,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CCCS. Banque Cantonale Vaudoise bought a new position in CCC Intelligent Solutions in the first quarter valued at about $37,000. AlphaQuest LLC bought a new stake in shares of CCC Intelligent Solutions during the first quarter worth about $47,000. SVB Wealth LLC acquired a new position in shares of CCC Intelligent Solutions in the first quarter valued at approximately $60,000. Smartleaf Asset Management LLC raised 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 buying an additional 2,063 shares during the last quarter. Finally, Tocqueville Asset Management L.P. acquired a new stake in CCC Intelligent Solutions during the 1st quarter worth approximately $90,000. Institutional investors own 95.79% of the company's stock.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions 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 completion of the sale, the director directly owned 866,345 shares of the company's stock, valued at approximately $8,550,825.15. The trade was 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 Eric Wei sold 30,000,000 shares of the stock in a transaction dated 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 transaction, the director directly owned 866,345 shares in the company, valued at $8,550,825.15. This trade represents a 97.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,047,833 shares of company stock worth $592,668,126 over the last quarter. 6.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on CCCS shares. Barclays upped 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 research report on Friday, August 1st. Piper Sandler reissued a "hold" rating and issued a $10.00 price objective on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. JPMorgan Chase & Co. lowered 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. Finally, Barrington Research reaffirmed an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $11.75.

CCC Intelligent Solutions Trading Down 0.4%

Shares of NYSE:CCCS traded down $0.04 during midday trading on Tuesday, reaching $9.56. The company's stock had a trading volume of 4,042,795 shares, compared to its average volume of 7,291,472. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $12.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The firm has a 50 day moving average price of $9.74 and a two-hundred day moving average price of $9.29. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 478.24 and a beta of 0.74.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, topping 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 business had revenue of $260.45 million during the quarter, compared to the consensus estimate of $256.21 million. During the same period in the previous year, the company posted $0.09 earnings per share. 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 forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current 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.