Conestoga Capital Dumps 7.3 Million CCC Intelligent Solutions Shares Worth $47.8 Million
Key Points
Conestoga sold 7,290,405 shares of CCC, an estimated $47.75 million trade based on quarterly average price
The quarter-end value of the CCC position decreased by $68.18 million, reflecting both trading activity and share price movement
This transaction represented a 0.95% change in the fund’s 13F reportable assets under management
After the sale, Conestoga held 5,240,492 CCC shares valued at $31.44 million
CCC now accounts for 0.63% of fund AUM, placing it outside the fund's top five holdings
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What happened
According to its SEC filing dated April 24, 2026, Conestoga Capital Advisors, LLC reduced its position in CCC Intelligent Solutions (NASDAQ:CCC) by 7,290,405 shares during the first quarter. The estimated value of shares sold was $47.75 million, based on the average closing price for the quarter. The fund reported 5,240,492 shares remaining, with a quarter-end value of $31.44 million. The net position change, which includes price drift, was a decrease of $68.18 million.
What else to know
- This was a sale; CCC represents 0.63% of Conestoga Capital Advisors, LLC’s 13F assets after the trade
- Top holdings after the filing:
- NYSE: RBC: $233.17 million (4.7% of AUM)
- NASDAQ: CWST: $222.51 million (4.4% of AUM)
- NASDAQ: BCPC: $212.05 million (4.2% of AUM)
- NASDAQ: FSV: $195.29 million (3.9% of AUM)
- NASDAQ: ROAD: $183.80 million (3.7% of AUM)
- As of April 23, 2026, CCC shares were priced at $4.79, down 45.8% over the past year, underperforming the S&P 500 by 78.0 percentage points
- CCC’s position was previously 1.7% of fund AUM as of the prior quarter
Company overview
| Metric | Value |
|---|---|
| Price (as of market close April 23, 2026) | $4.79 |
| Market Capitalization | $3.02 billion |
| Revenue (TTM) | $1.06 billion |
| Net Income (TTM) | $0.41 million |
Company snapshot
- Provides a SaaS platform for property and casualty insurance, offering cloud, mobile, AI, telematics, and workflow solutions to digitize and connect the insurance economy
- Serves insurance carriers, collision repair shops, automotive manufacturers, parts suppliers, lenders, and other businesses in the insurance and automotive value chain
- Headquartered in Chicago, Illinois, with a focus on digital transformation and advanced analytics for claims and repair processes
CCC Intelligent Solutions Holdings Inc. operates at scale with a comprehensive technology platform that enables digital transformation across the insurance and automotive industries. The company’s strategy centers on leveraging advanced analytics and AI to streamline claims, repairs, and related processes, providing significant operational efficiencies for its clients. Its established position and broad ecosystem connectivity offer a competitive edge in a rapidly evolving insurance technology landscape.
What this transaction means for investors
Conestoga Capital dropped about 58% of its CCC Intelligent Solutions shares in the first quarter. The firm reduced dozens of stock positions in the third quarter. Its CCC position received the third largest reduction of the quarter.
CCC Intelligent Solutions is one of many software-as-a-service (SaaS) companies that could see their business model disrupted by generative artificial intelligence applications. It wouldn’t take much disruption to turn this software business from a grower to a shrinker. The company has grown its trailing 12-month revenue by just 29% over the past three years.
The bottom line is growing even more slowly than the top line at CCC Intelligent Solutions. The company reported adjusted earnings that shrank by $0.1 million last year.
Despite an increasingly competitive environment for software businesses, CCC’s management team expects significant growth this year. Guidance for 2026 suggests a 10.3% rise in adjusted earnings before interest, taxes, depreciation, and amortization.
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Cory Renauer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Construction Partners and RBC Bearings. The Motley Fool recommends FirstService. The Motley Fool has a disclosure policy.
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