Sellaronda Global Management LP Purchases 500,000 Shares of CCC Intelligent Solutions Holdings Inc. $CCCS

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCCS. Quarry LP purchased a new stake in CCC Intelligent Solutions in the 4th quarter worth approximately $36,000. Banque Cantonale Vaudoise purchased a new stake in CCC Intelligent Solutions in the 1st quarter worth approximately $37,000. Tocqueville Asset Management L.P. purchased a new stake in CCC Intelligent Solutions in the 1st quarter worth approximately $90,000. Machina Capital S.A.S. purchased a new stake in CCC Intelligent Solutions in the 1st quarter worth approximately $98,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of CCC Intelligent Solutions during the 1st quarter valued at $100,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, Director Eric Wei sold 30,000,000 shares of the business's 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. The trade was a 97.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lauren Young sold 30,000,000 shares of the business's stock in a transaction on 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 completion of the transaction, the director owned 866,345 shares in the company, valued at $8,550,825.15. This represents a 97.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,005,302 shares of company stock worth $592,251,748 in the last quarter. 6.03% of the stock is owned by corporate insiders.

CCC Intelligent Solutions Stock Up 0.7%

Shares of NYSE:CCCS traded up $0.07 during midday trading on Friday, hitting $9.90. 4,304,450 shares of the company's stock traded hands, compared to its average volume of 7,538,338. 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 company has a market cap of $6.45 billion, a PE ratio of 495.25 and a beta of 0.74. The firm's fifty day moving average price is $9.62 and its two-hundred day moving average price is $9.39. 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 posted its 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 for the quarter, compared to analyst estimates of $256.21 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The business's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 EPS. 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 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CCCS has been the subject of several research reports. 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. Piper Sandler reissued a "hold" rating and set a $10.00 price objective on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. Barrington Research reissued an "outperform" rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Monday, August 4th. The Goldman Sachs Group lowered their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Finally, Barclays boosted their price objective on shares of CCC Intelligent Solutions from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company 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.