Conestoga Capital Sells 3.9 Million Shares of CCC Intelligent Solutions, What's Next for the Stock?

Conestoga Capital sold 3.9 million shares of CCC Intelligent Solutions for $37.69 million, representing 0.6% of its AUM. The fund now holds 10.6 million shares valued at $96.78 million. The stock currently trades at $9.10, down 17.87% over the past year. CCC Intelligent Solutions is a leading provider of AI-enabled SaaS solutions for the property and casualty insurance economy, supporting over 2,300 employees.