Crescent Park Management L.P. Grows Stake in CCC Intelligent Solutions Holdings Inc. $CCCS

Crescent Park Management L.P. grew its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 162.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,140,581 shares of the company’s stock after buying an additional 706,429 shares during the period. CCC Intelligent Solutions accounts for 4.8% of Crescent Park Management L.P.’s portfolio, making the stock its 8th largest position. Crescent Park Management L.P.’s holdings in CCC Intelligent Solutions were worth $10,299,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CCCS. Quarry LP bought a new position in shares of CCC Intelligent Solutions during the fourth quarter valued at approximately $36,000. Banque Cantonale Vaudoise bought a new position in shares of CCC Intelligent Solutions during the first quarter valued at approximately $37,000. AlphaQuest LLC bought a new position in shares of CCC Intelligent Solutions during the first quarter valued at approximately $47,000. Tocqueville Asset Management L.P. bought a new position in shares of CCC Intelligent Solutions during the first quarter valued at approximately $90,000. Finally, Machina Capital S.A.S. purchased a new stake in shares of CCC Intelligent Solutions in the first quarter valued at approximately $98,000. Institutional investors own 95.79% of the company’s stock.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 5,302 shares of the company’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $9.76, for a total transaction of $51,747.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric Wei sold 30,000,000 shares of the company’s stock in a transaction on 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 sale, the director owned 866,345 shares of the company’s stock, valued at approximately $8,550,825.15. This represents a 97.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,005,302 shares of company stock worth $592,251,748 over the last 90 days. Company insiders own 6.03% of the company’s stock.

CCC Intelligent Solutions Stock Up 0.7%

CCC Intelligent Solutions stock opened at $9.90 on Friday. The business has a fifty day moving average of $9.62 and a two-hundred day moving average of $9.41. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The firm has a market cap of $6.45 billion, a P/E ratio of 495.25 and a beta of 0.74. 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) last posted its earnings results on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $260.45 million during the quarter, compared to analyst estimates of $256.21 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.CCC Intelligent Solutions’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Piper Sandler reiterated a “hold” rating and issued a $10.00 price target on shares of CCC Intelligent Solutions in a report on Thursday, August 14th. The Goldman Sachs Group lowered 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. Barrington Research reiterated an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a report on Monday, August 4th. JPMorgan Chase & Co. lowered CCC Intelligent Solutions from a “neutral” rating to an “underweight” rating and set a $10.00 price target for the company. in a report on Monday, June 23rd. Finally, Barclays boosted their price target 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. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, CCC Intelligent Solutions has a consensus rating of “Hold” and a consensus target price of $11.75.

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.