CCC Intelligent Solutions Holdings Inc. $CCCS Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP trimmed its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 22.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 489,799 shares of the company’s stock after selling 138,188 shares during the period. CCC Intelligent Solutions accounts for approximately 1.2% of Advantage Alpha Capital Partners LP’s investment portfolio, making the stock its 27th biggest holding. Advantage Alpha Capital Partners LP owned about 0.08% of CCC Intelligent Solutions worth $4,609,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in CCC Intelligent Solutions during the 2nd quarter valued at about $25,000. Park Place Capital Corp boosted its position in CCC Intelligent Solutions by 47.6% in the second quarter. Park Place Capital Corp now owns 3,806 shares of the company’s stock valued at $36,000 after buying an additional 1,228 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in CCC Intelligent Solutions in the 1st quarter worth approximately $37,000. AlphaQuest LLC purchased a new position in CCC Intelligent Solutions during the 1st quarter worth approximately $47,000. Finally, First Horizon Advisors Inc. lifted its stake in CCC Intelligent Solutions by 134.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 6,409 shares of the company’s stock valued at $60,000 after acquiring an additional 3,679 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Trading Up 1.0%

Shares of CCC Intelligent Solutions stock opened at $7.32 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The stock’s 50 day simple moving average is $8.55 and its 200-day simple moving average is $9.14. The stock has a market cap of $4.77 billion, a P/E ratio of 366.18 and a beta of 0.72. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.14 and a 1-year high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $267.12 million for the quarter, compared to the consensus estimate of $265.01 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share. CCC Intelligent Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CCCS shares. Barclays cut their price objective on shares of CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. Stifel Nicolaus reduced their price objective on CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Piper Sandler lowered their target price on CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Barrington Research reaffirmed an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, October 27th. Finally, Jefferies Financial Group set a $11.00 price target on CCC Intelligent Solutions in a report on Thursday, October 30th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CCC Intelligent Solutions has an average rating of “Hold” and a consensus target price of $11.38.

Insider Buying and Selling at CCC Intelligent Solutions

In related news, insider John Page Goodson sold 150,000 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $9.59, for a total value of $1,438,500.00. Following the completion of the sale, the insider owned 157,478 shares of the company’s stock, valued at approximately $1,510,214.02. This represents a 48.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 6.03% of the company’s stock.

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.