CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Stake Trimmed by Wasatch Advisors LP

Wasatch Advisors LP lessened its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 44.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,548,321 shares of the company’s stock after selling 12,683,439 shares during the period. Wasatch Advisors LP owned about 2.65% of CCC Intelligent Solutions Holdings Inc. Common Stock worth $80,229,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Central Pacific Bank Trust Division boosted its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 94.3% in the second quarter. Central Pacific Bank Trust Division now owns 45,480 shares of the company’s stock worth $235,000 after buying an additional 22,070 shares during the period. Pacer Advisors Inc. purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at approximately $10,836,000. Empowered Funds LLC lifted its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 18.8% in the 1st quarter. Empowered Funds LLC now owns 22,519 shares of the company’s stock valued at $135,000 after acquiring an additional 3,556 shares in the last quarter. NewEdge Advisors LLC boosted its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 51.7% in the 1st quarter. NewEdge Advisors LLC now owns 109,398 shares of the company’s stock worth $656,000 after purchasing an additional 37,265 shares during the period. Finally, Caerus Investment Advisors LLC acquired a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth approximately $105,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on CCC. Barrington Research reissued an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Friday, April 24th. Jefferies Financial Group set a $7.00 price target on CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 30th. Wall Street Zen lowered CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Stifel Nicolaus reissued a “buy” rating and issued a $9.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Finally, Citigroup raised their price objective on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.12.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

Shares of CCC stock opened at $6.87 on Wednesday. CCC Intelligent Solutions Holdings Inc. Common Stock has a fifty-two week low of $4.08 and a fifty-two week high of $10.14. The business has a 50-day moving average price of $5.49. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 85.89 and a beta of 0.50.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The business had revenue of $285.93 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%.CCC Intelligent Solutions Holdings Inc. Common Stock’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, research analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current year.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company’s SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services.