Freemont Management S.A. Raises Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Freemont Management S.A. grew its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCSFree Report) by 210.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 995,900 shares of the company’s stock after purchasing an additional 675,000 shares during the period. CCC Intelligent Solutions makes up about 1.4% of Freemont Management S.A.’s portfolio, making the stock its 24th biggest holding. Freemont Management S.A. owned about 0.17% of CCC Intelligent Solutions worth $11,343,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CCCS. Brown Advisory Inc. raised its stake in CCC Intelligent Solutions by 128.7% in the 4th quarter. Brown Advisory Inc. now owns 10,436,353 shares of the company’s stock worth $118,870,000 after acquiring an additional 5,873,823 shares during the last quarter. Norges Bank purchased a new position in CCC Intelligent Solutions in the 4th quarter worth $30,102,000. Westfield Capital Management Co. LP raised its stake in CCC Intelligent Solutions by 316.3% in the 4th quarter. Westfield Capital Management Co. LP now owns 2,711,038 shares of the company’s stock worth $30,879,000 after acquiring an additional 2,059,804 shares during the last quarter. Riverbridge Partners LLC raised its stake in CCC Intelligent Solutions by 41.6% in the 4th quarter. Riverbridge Partners LLC now owns 6,836,239 shares of the company’s stock worth $77,865,000 after acquiring an additional 2,009,175 shares during the last quarter. Finally, GW&K Investment Management LLC raised its stake in CCC Intelligent Solutions by 58.8% in the 4th quarter. GW&K Investment Management LLC now owns 4,767,679 shares of the company’s stock worth $54,304,000 after acquiring an additional 1,765,925 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insider Buying and Selling

In related news, Director Lauren Young sold 41,165,139 shares of CCC Intelligent Solutions stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $11.33, for a total value of $466,401,024.87. Following the sale, the director now directly owns 5,164,022 shares in the company, valued at approximately $58,508,369.26. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Brian Herb sold 23,521 shares of CCC Intelligent Solutions stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $11.81, for a total value of $277,783.01. Following the sale, the insider now directly owns 288,076 shares in the company, valued at approximately $3,402,177.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren Young sold 41,165,139 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $11.33, for a total transaction of $466,401,024.87. Following the completion of the transaction, the director now directly owns 5,164,022 shares in the company, valued at $58,508,369.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,806,755 shares of company stock worth $694,715,331. Insiders own 6.67% of the company’s stock.

CCC Intelligent Solutions Price Performance

Shares of NYSE:CCCS traded up $0.31 during trading on Friday, reaching $11.98. 4,087,742 shares of the company’s stock traded hands, compared to its average volume of 3,213,710. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $10.00 and a fifty-two week high of $13.41. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.43. The firm has a market cap of $7.36 billion, a PE ratio of -57.05, a P/E/G ratio of 5.75 and a beta of 0.63. The company has a 50-day simple moving average of $11.46 and a 200-day simple moving average of $11.40.

CCC Intelligent Solutions (NYSE:CCCSGet Free Report) last posted its earnings results on Tuesday, April 30th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). CCC Intelligent Solutions had a negative net margin of 10.85% and a positive return on equity of 4.52%. The business had revenue of $227.24 million for the quarter, compared to analyst estimates of $225.21 million. As a group, analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on CCCS

CCC Intelligent Solutions Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CCC Intelligent Solutions (NYSE:CCCS)

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