Entropy Technologies LP has taken a significant step by acquiring a stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS). According to a recent filing with the Securities and Exchange Commission (SEC), the institutional investor purchased 138,397 shares of CCC Intelligent Solutions, with a total investment valued at approximately $1.25 million. This acquisition occurred during the first quarter of the year, illustrating growing interest in the company within the investment community.
Several other institutional investors have also adjusted their positions in CCC Intelligent Solutions. Notably, Quarry LP bought a new stake valued at around $36,000 in the fourth quarter. Concurrently, during the first quarter, Banque Cantonale Vaudoise and Machina Capital S.A.S. acquired stakes valued at $37,000 and $98,000, respectively. Additionally, Valeo Financial Advisors LLC and Argent Trust Co made purchases valued at approximately $100,000 and $109,000, respectively. Collectively, institutional investors own approximately 95.79% of CCC Intelligent Solutions.
Analyst Ratings Reflect Mixed Sentiment
Research firms have expressed varying opinions on CCC Intelligent Solutions, reflecting a mix of optimism and caution. In a research note dated August 4, Barrington Research reaffirmed an “outperform” rating with a price target of $14.00. Conversely, JPMorgan Chase & Co. downgraded the stock from “neutral” to “underweight,” setting a price target at $10.00. Meanwhile, Barclays raised its price target from $11.00 to $12.00, maintaining an “equal weight” rating.
Other firms have also adjusted their outlooks: The Goldman Sachs Group lowered its price target from $13.00 to $11.50 while maintaining a “buy” rating. Additionally, Morgan Stanley reduced its price objective from $15.00 to $13.00 with an “overweight” rating. Currently, one analyst has assigned a sell rating, two have a hold rating, and four have a buy rating, resulting in an average rating of “Hold” with a target price of approximately $12.07.
Recent Trading Activity and Financial Performance
As of the latest trading session on Tuesday, shares of CCC Intelligent Solutions opened at $9.23, reflecting a decline of 3.0%. The company has a market capitalization of $6.01 billion, a price-to-earnings (PE) ratio of 461.73, and a beta of 0.74. The stock has seen a 52-week low of $8.14 and a high of $12.88.
In its most recent earnings report, released on July 31, CCC Intelligent Solutions reported earnings per share (EPS) of $0.09, exceeding analysts’ consensus estimates of $0.08. The company achieved a revenue of $260.45 million for the quarter, surpassing the expected $256.21 million, marking a year-over-year revenue increase of 12.0%. Analysts anticipate earnings of $0.17 per share for the current year.
Recent insider activity has also drawn attention. On May 23, Director Crescenzo Neil E. De acquired 100,000 shares at an average price of $8.54 per share, totaling approximately $854,000. This transaction increased his holdings by 88.16%. Conversely, Director Eric Wei sold 30 million shares on August 7 for a total of approximately $296.1 million, leading to a 97.19% decrease in his holdings.
The trading activities over the past three months indicate a significant insider sell-off, with insiders selling a total of 120,005,302 shares valued at approximately $1.14 billion. Currently, insiders own around 6.03% of the company’s stock.
CCC Intelligent Solutions Holdings Inc. operates as a software-as-a-service provider targeting the property and casualty insurance markets in the United States and China. The company’s cloud-based platform enhances connectivity among various trading partners, facilitating commerce and enabling artificial intelligence-driven digital workflows across the insurance ecosystem.
For those interested in tracking further developments regarding CCC Intelligent Solutions, detailed information about institutional holdings and insider trading can be accessed through financial news platforms.
