Wellington Management Group LLP Sells 701,507 Shares of CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Wellington Management Group LLP sold 701,507 shares of CCC Intelligent Solutions Holdings Inc., reducing its position by 23.8% and leaving it with a total of 2,242,939 shares valued at approximately $20.25 million.
• Significant insider selling was reported, with two directors, Lauren Young and Eric Wei, each selling 30 million shares at an average price of $9.87, resulting in a considerable decrease of 97.19% in their holdings.
• CCC Intelligent Solutions stock has a market cap of $6.35 billion and reported a 12% year-over-year revenue increase, with analysts setting price targets ranging from $10.00 to $14.00.

Wellington Management Group LLP lessened its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 23.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,242,939 shares of the company's stock after selling 701,507 shares during the period. Wellington Management Group LLP owned approximately 0.34% of CCC Intelligent Solutions worth $20,254,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mariner LLC raised its holdings 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 worth $836,000 after purchasing an additional 1,878 shares during the period. NewEdge Advisors LLC raised its holdings in shares of CCC Intelligent Solutions by 23.1% in the 4th quarter. NewEdge Advisors LLC now owns 25,945 shares of the company's stock worth $304,000 after purchasing an additional 4,872 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of CCC Intelligent Solutions by 11.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,461,972 shares of the company's stock worth $75,801,000 after purchasing an additional 679,801 shares during the period. MML Investors Services LLC raised its holdings in CCC Intelligent Solutions by 585.8% during the 4th quarter. MML Investors Services LLC now owns 180,062 shares of the company's stock valued at $2,112,000 after acquiring an additional 153,806 shares during the period. Finally, Stifel Financial Corp raised its holdings in CCC Intelligent Solutions by 41.4% during the 4th quarter. Stifel Financial Corp now owns 229,212 shares of the company's stock valued at $2,689,000 after acquiring an additional 67,136 shares during the period. Hedge funds and other institutional investors own 95.79% of the company's stock.

Insider Activity

In other news, Director Eric Wei sold 30,000,000 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were 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 directly owned 866,345 shares of the company's stock, valued at approximately $8,550,825.15. This represents a 97.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Rodney Christo sold 5,302 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $9.76, for a total transaction of $51,747.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,005,302 shares of company stock valued at $592,251,748. Insiders own 6.03% of the company's stock.

Analyst Ratings Changes

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

CCC Intelligent Solutions Price Performance

NYSE:CCCS traded up $0.20 during midday trading on Thursday, hitting $10.03. The company had a trading volume of 5,498,436 shares, compared to its average volume of 7,510,148. The stock's fifty day moving average price is $9.67 and its 200-day moving average price is $9.37. 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 Holdings Inc. has a 52-week low of $8.14 and a 52-week high of $12.88. The company has a market capitalization of $6.53 billion, a PE ratio of 501.75 and a beta of 0.74.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $260.45 million during the quarter, compared to analyst estimates of $256.21 million. During the same period in the prior year, the business posted $0.09 earnings per share. The company's revenue 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, research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

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.