252,147 Shares in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Acquired by Roubaix Capital LLC

Roubaix Capital LLC acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 252,147 shares of the company’s stock, valued at approximately $2,801,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of CCC Intelligent Solutions by 25.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,181,338 shares of the company’s stock worth $24,845,000 after acquiring an additional 435,866 shares during the period. Trexquant Investment LP bought a new position in shares of CCC Intelligent Solutions in the fourth quarter worth $2,059,000. Teca Partners LP increased its holdings in shares of CCC Intelligent Solutions by 16.7% during the fourth quarter. Teca Partners LP now owns 1,325,345 shares of the company’s stock valued at $15,096,000 after purchasing an additional 189,677 shares during the period. Sei Investments Co. raised its stake in shares of CCC Intelligent Solutions by 15.3% during the first quarter. Sei Investments Co. now owns 1,887,533 shares of the company’s stock valued at $22,575,000 after purchasing an additional 250,314 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of CCC Intelligent Solutions during the first quarter valued at about $4,086,000. 95.79% of the stock is owned by institutional investors and hedge funds.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock opened at $10.52 on Thursday. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of -50.10, a P/E/G ratio of 6.25 and a beta of 0.62. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $9.79 and a 1-year high of $13.41. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $10.81 and its 200-day simple moving average is $11.28.

CCC Intelligent Solutions (NYSE:CCCS) last released its earnings results on Tuesday, July 30th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $232.60 million for the quarter, compared to analysts’ expectations of $230.16 million. CCC Intelligent Solutions had a return on equity of 5.16% and a net margin of 2.36%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.02 EPS. On average, sell-side analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CCCS shares. Jefferies Financial Group dropped their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Bank of America assumed coverage on CCC Intelligent Solutions in a report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Barrington Research reaffirmed an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, CCC Intelligent Solutions presently has an average rating of “Moderate Buy” and an average price target of $13.78.

Insider Buying and Selling at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, insider Githesh Ramamurthy sold 24,541 shares of CCC Intelligent Solutions stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $11.50, for a total transaction of $282,221.50. Following the completion of the sale, the insider now owns 6,463,840 shares of the company’s stock, valued at approximately $74,334,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other CCC Intelligent Solutions news, insider Githesh Ramamurthy sold 24,541 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $11.50, for a total value of $282,221.50. Following the transaction, the insider now directly owns 6,463,840 shares of the company’s stock, valued at approximately $74,334,160. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Rodney Christo sold 4,177 shares of CCC Intelligent Solutions stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total value of $42,772.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,292,611 shares of company stock worth $285,547,265. 6.67% of the stock is currently owned by company insiders.

CCC Intelligent Solutions Company 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.