CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Bought by Wealth Alliance

Wealth Alliance boosted its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 22.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,795 shares of the company’s stock after buying an additional 2,759 shares during the quarter. Wealth Alliance’s holdings in CCC Intelligent Solutions were worth $169,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Strs Ohio lifted its holdings in CCC Intelligent Solutions by 8.0% during the 4th quarter. Strs Ohio now owns 174,608 shares of the company’s stock worth $1,988,000 after buying an additional 12,862 shares in the last quarter. Cerity Partners LLC acquired a new stake in CCC Intelligent Solutions during the 4th quarter worth approximately $149,000. Seelaus Asset Management LLC acquired a new stake in shares of CCC Intelligent Solutions in the 4th quarter valued at $209,000. Conestoga Capital Advisors LLC acquired a new stake in shares of CCC Intelligent Solutions in the 4th quarter valued at $11,469,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of CCC Intelligent Solutions by 31.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,451,668 shares of the company’s stock valued at $73,484,000 after purchasing an additional 1,528,766 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Piper Sandler raised their price objective on shares of CCC Intelligent Solutions from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Barrington Research restated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Thursday, February 29th. Barclays raised their price objective on shares of CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. Citigroup restated a “buy” rating and issued a $13.00 price objective on shares of CCC Intelligent Solutions in a report on Thursday, February 8th. Finally, Evercore ISI increased their target price on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the company an “outperform” rating in a research report on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, CCC Intelligent Solutions has an average rating of “Moderate Buy” and a consensus target price of $13.63.

CCC Intelligent Solutions Trading Up 0.2 %

NYSE CCCS opened at $11.44 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.29 and a quick ratio of 2.29. The firm’s fifty day moving average price is $11.74 and its 200 day moving average price is $11.54. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of -54.48 and a beta of 0.62. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $8.42 and a 12 month high of $13.41.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). CCC Intelligent Solutions had a positive return on equity of 5.80% and a negative net margin of 10.67%. The business had revenue of $228.60 million for the quarter, compared to analysts’ expectations of $222.80 million. On average, sell-side analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 30,000 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $12.50, for a total transaction of $375,000.00. Following the transaction, the chief accounting officer now directly owns 14,154 shares of the company’s stock, valued at approximately $176,925. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other CCC Intelligent Solutions news, CAO Rodney Christo sold 30,000 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $12.50, for a total transaction of $375,000.00. Following the transaction, the chief accounting officer now directly owns 14,154 shares of the company’s stock, valued at approximately $176,925. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Young sold 41,165,139 shares of CCC Intelligent Solutions stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $11.33, for a total transaction of $466,401,024.87. Following the completion of the sale, the director now directly owns 5,164,022 shares in the company, valued at approximately $58,508,369.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,648,839 shares of company stock valued at $681,118,139. Insiders own 6.47% of the company’s stock.

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.