CCC Intelligent Solutions Holdings Inc. $CCCS is Sellaronda Global Management LP's 2nd Largest Position

Key Points

• Sellaronda Global Management LP increased its stake in CCC Intelligent Solutions Holdings Inc. by 50%, acquiring an additional 500,000 shares, bringing its total ownership to 1.5 million shares, which represents 13.5% of its portfolio.
• In the latest earnings report, CCC Intelligent Solutions reported $0.09 EPS, exceeding analyst expectations, and highlighted a 12% year-over-year revenue growth to $260.45 million.
• Insider transactions showed significant activity, with two directors each selling 30 million shares, leading to a dramatic 97.19% decrease in their ownership positions.

Sellaronda Global Management LP increased its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 50.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,500,000 shares of the company's stock after purchasing an additional 500,000 shares during the quarter. CCC Intelligent Solutions accounts for 13.5% of Sellaronda Global Management LP's holdings, making the stock its 2nd biggest holding. Sellaronda Global Management LP owned approximately 0.23% of CCC Intelligent Solutions worth $13,545,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Teacher Retirement System of Texas increased its stake in CCC Intelligent Solutions by 13.6% in the first quarter. Teacher Retirement System of Texas now owns 184,804 shares of the company's stock worth $1,669,000 after purchasing an additional 22,185 shares during the period. GAMMA Investing LLC increased its stake in CCC Intelligent Solutions by 644.2% in the first quarter. GAMMA Investing LLC now owns 24,878 shares of the company's stock worth $225,000 after purchasing an additional 21,535 shares during the period. Amalgamated Bank increased its stake in CCC Intelligent Solutions by 4.9% in the first quarter. Amalgamated Bank now owns 24,885 shares of the company's stock worth $225,000 after purchasing an additional 1,163 shares during the period. KBC Group NV increased its stake in CCC Intelligent Solutions by 26.0% in the first quarter. KBC Group NV now owns 20,261 shares of the company's stock worth $183,000 after purchasing an additional 4,186 shares during the period. Finally, Fifth Third Bancorp increased its stake in CCC Intelligent Solutions by 35.7% in the first quarter. Fifth Third Bancorp now owns 41,678 shares of the company's stock worth $376,000 after purchasing an additional 10,957 shares during the period. Institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Stock Down 0.8%

CCCS stock traded down $0.0750 during trading on Monday, reaching $9.8250. 1,015,000 shares of the company traded hands, compared to its average volume of 7,496,880. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $8.14 and a 12 month high of $12.88. The business has a 50 day simple moving average of $9.62 and a 200 day simple moving average of $9.38. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 491.80 and a beta of 0.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, beating 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 company had revenue of $260.45 million for the quarter, compared to the consensus estimate of $256.21 million. During the same quarter last year, the company earned $0.09 earnings per share. The firm's revenue for the quarter 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. On average, equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Activity at CCC Intelligent Solutions

In related news, Director Lauren Young sold 30,000,000 shares of the firm's 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 sale, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Rodney Christo sold 5,302 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $9.76, for a total value of $51,747.52. The disclosure for this sale can be found here. Insiders have sold a total of 60,005,302 shares of company stock valued at $592,251,748 over the last quarter. 6.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CCCS. Barrington Research reiterated an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Monday, August 4th. JPMorgan Chase & Co. lowered CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 target price on the stock. in a research note on Monday, June 23rd. Barclays increased their target price on 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. Piper Sandler reissued a "hold" rating and set a $10.00 price target on shares of CCC Intelligent Solutions in a research report on Thursday, August 14th. Finally, The Goldman Sachs Group dropped their price target on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, CCC Intelligent Solutions currently has an average rating of "Hold" and an average target price of $11.75.

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.