AlphaQuest LLC Takes Position in CCC Intelligent Solutions Holdings Inc. $CCCS

AlphaQuest LLC acquired a new stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,165 shares of the company’s stock, valued at approximately $47,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. raised its stake in shares of CCC Intelligent Solutions by 6.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 72,967,671 shares of the company’s stock valued at $658,899,000 after acquiring an additional 4,100,954 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of CCC Intelligent Solutions by 9.9% during the first quarter. Vanguard Group Inc. now owns 56,491,007 shares of the company’s stock valued at $510,114,000 after acquiring an additional 5,103,835 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of CCC Intelligent Solutions by 1.4% during the first quarter. Principal Financial Group Inc. now owns 27,303,495 shares of the company’s stock valued at $246,551,000 after acquiring an additional 363,944 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of CCC Intelligent Solutions by 30.7% during the first quarter. Brown Advisory Inc. now owns 18,346,792 shares of the company’s stock valued at $165,672,000 after acquiring an additional 4,313,296 shares during the last quarter. Finally, Akre Capital Management LLC raised its stake in shares of CCC Intelligent Solutions by 23.5% during the first quarter. Akre Capital Management LLC now owns 13,190,384 shares of the company’s stock valued at $119,109,000 after acquiring an additional 2,508,986 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. downgraded 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. Barclays upped 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. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Monday, August 4th. Finally, Piper Sandler reaffirmed a “hold” rating and set a $10.00 price objective on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.75.

CCC Intelligent Solutions Stock Performance

CCC Intelligent Solutions stock opened at $9.66 on Friday. The stock’s 50 day simple moving average is $9.72 and its two-hundred day simple moving average is $9.34. 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 stock has a market cap of $6.29 billion, a price-to-earnings ratio of 483.24 and a beta of 0.74. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings data 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 analysts’ expectations of $256.21 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The business’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 EPS. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, 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 value of $51,747.52. The sale was disclosed in a legal filing with the SEC, which is available at 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 transaction of $296,100,000.00. Following the completion of the sale, the director owned 866,345 shares in the company, valued at approximately $8,550,825.15. This trade represents a 97.19% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,005,302 shares of company stock valued at $592,251,748. 6.03% of the stock is currently owned by corporate insiders.

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.