Oppenheimer Asset Management Inc. Has $5.85 Million Holdings in CCC Intelligent Solutions Holdings Inc. $CCCS

Oppenheimer Asset Management Inc. cut its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 1.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 621,346 shares of the company’s stock after selling 12,086 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in CCC Intelligent Solutions were worth $5,847,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Amalgamated Bank raised its holdings in shares of CCC Intelligent Solutions by 4.9% in the 1st quarter. Amalgamated Bank now owns 24,885 shares of the company’s stock worth $225,000 after buying an additional 1,163 shares in the last quarter. Park Place Capital Corp increased its holdings in CCC Intelligent Solutions by 47.6% during the 2nd quarter. Park Place Capital Corp now owns 3,806 shares of the company’s stock valued at $36,000 after purchasing an additional 1,228 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in CCC Intelligent Solutions by 14.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 12,706 shares of the company’s stock valued at $120,000 after purchasing an additional 1,622 shares in the last quarter. Stephens Inc. AR increased its holdings in CCC Intelligent Solutions by 7.8% during the 1st quarter. Stephens Inc. AR now owns 25,056 shares of the company’s stock valued at $226,000 after purchasing an additional 1,811 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in CCC Intelligent Solutions by 6.8% during the 1st quarter. Baird Financial Group Inc. now owns 28,822 shares of the company’s stock valued at $260,000 after purchasing an additional 1,833 shares in the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Eric Wei sold 30,000,000 shares of the firm’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 transaction, the director directly owned 866,345 shares in the company, valued at $8,550,825.15. This trade represents a 97.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren Young sold 30,000,000 shares of the firm’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 completion of the transaction, the director owned 866,345 shares in the company, valued at $8,550,825.15. This represents a 97.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,197,833 shares of company stock valued at $594,106,626 over the last 90 days. Company insiders own 6.03% of the company’s stock.

CCC Intelligent Solutions Stock Up 2.2%

Shares of CCCS opened at $9.30 on Tuesday. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 465.23 and a beta of 0.72. 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 business’s fifty day moving average price is $9.46 and its two-hundred day moving average price is $9.32. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $8.14 and a 52 week high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $260.45 million for 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%.The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company earned $0.09 EPS. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CCCS. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Monday. Barclays dropped their price target on CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Finally, Piper Sandler reaffirmed a “hold” rating and set a $10.00 price target on shares of CCC Intelligent Solutions in a report on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, CCC Intelligent Solutions presently has an average rating of “Hold” and a consensus price target of $11.58.

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.