CCC Intelligent Solutions Holdings Inc. $CCCS Position Boosted by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in CCC Intelligent Solutions Holdings by 6.0%, owning 11.07% of the company’s stock after acquiring over 4 million additional shares.
• Insider transactions included a significant sale by Director Eric Wei, who sold 30 million shares for $296.1 million, reducing their position by 97.19%.
• The stock of CCC Intelligent Solutions increased by 0.7% recently, with an earnings report indicating a quarterly revenue growth of 12.0% year-over-year, exceeding analysts' expectations.

T. Rowe Price Investment Management Inc. grew its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 6.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 72,967,671 shares of the company's stock after buying an additional 4,100,954 shares during the quarter. T. Rowe Price Investment Management Inc. owned 11.07% of CCC Intelligent Solutions worth $658,899,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in CCCS. Legal & General Group Plc boosted its stake in shares of CCC Intelligent Solutions by 13.5% in the 4th quarter. Legal & General Group Plc now owns 424,741 shares of the company's stock valued at $4,982,000 after buying an additional 50,359 shares during the period. Rockefeller Capital Management L.P. purchased a new position in shares of CCC Intelligent Solutions in the 4th quarter valued at about $231,000. Townsquare Capital LLC boosted its stake in shares of CCC Intelligent Solutions by 6.5% in the 4th quarter. Townsquare Capital LLC now owns 24,338 shares of the company's stock valued at $285,000 after buying an additional 1,475 shares during the period. Barclays PLC boosted its stake in shares of CCC Intelligent Solutions by 357.3% in the 4th quarter. Barclays PLC now owns 498,560 shares of the company's stock valued at $5,849,000 after buying an additional 389,540 shares during the period. Finally, Mariner LLC boosted its stake in shares of CCC Intelligent Solutions by 2.7% in the 4th quarter. Mariner LLC now owns 71,244 shares of the company's stock valued at $836,000 after buying an additional 1,878 shares during the period. Hedge funds and other institutional investors own 95.79% of the company's stock.

Insider Buying and Selling at CCC Intelligent Solutions

In other news, CAO Rodney Christo sold 5,302 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $9.76, for a total value of $51,747.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eric Wei sold 30,000,000 shares of the company's 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 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. In the last ninety days, insiders have sold 60,005,302 shares of company stock worth $592,251,748. Corporate insiders own 6.03% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. The Goldman Sachs Group decreased their price target on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a report on Wednesday, May 7th. Barclays increased their price objective on CCC Intelligent Solutions from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Piper Sandler reiterated a "hold" rating and issued a $10.00 price objective on shares of CCC Intelligent Solutions in a report on Thursday, August 14th. Barrington Research reiterated an "outperform" rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price objective on the stock. in a report on Monday, June 23rd. Three equities research 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. According to data from MarketBeat.com, CCC Intelligent Solutions presently has a consensus rating of "Hold" and a consensus price target of $11.75.

CCC Intelligent Solutions Stock Performance

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

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $260.45 million for the quarter, compared to the consensus estimate 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 was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

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.