Natixis Advisors LLC Sells 205,646 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Natixis Advisors LLC lowered its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCSFree Report) by 62.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,363 shares of the company’s stock after selling 205,646 shares during the period. Natixis Advisors LLC’s holdings in CCC Intelligent Solutions were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP bought a new position in CCC Intelligent Solutions in the fourth quarter valued at $36,000. Banque Cantonale Vaudoise acquired a new stake in CCC Intelligent Solutions in the first quarter valued at $37,000. Machina Capital S.A.S. acquired a new stake in CCC Intelligent Solutions in the first quarter valued at $98,000. Valeo Financial Advisors LLC acquired a new stake in CCC Intelligent Solutions in the first quarter valued at $100,000. Finally, Sagespring Wealth Partners LLC acquired a new stake in CCC Intelligent Solutions in the fourth quarter valued at $133,000. Institutional investors own 95.79% of the company’s stock.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, Director Crescenzo Neil E. De acquired 100,000 shares of the company’s stock in a transaction on Friday, May 23rd. The stock was acquired at an average price of $8.54 per share, for a total transaction of $854,000.00. Following the purchase, the director directly owned 213,429 shares of the company’s stock, valued at $1,822,683.66. This trade represents a 88.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lauren Young sold 30,000,000 shares of CCC Intelligent Solutions stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $9.87, for a total transaction of $296,100,000.00. Following the completion of the sale, the director owned 866,345 shares of the company’s stock, valued at $8,550,825.15. This trade represents a 97.19% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 120,005,302 shares of company stock worth $1,137,051,748. 6.03% of the stock is currently owned by insiders.

CCC Intelligent Solutions Stock Performance

NYSE CCCS opened at $9.52 on Friday. The firm has a 50-day moving average of $9.47 and a 200-day moving average of $9.50. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The stock has a market cap of $6.19 billion, a PE ratio of 476.24 and a beta of 0.74. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $8.14 and a 52-week high of $12.88.

CCC Intelligent Solutions (NYSE:CCCSGet Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company had revenue of $260.45 million during the quarter, compared to analysts’ expectations of $256.21 million. During the same quarter last year, the company posted $0.09 EPS. CCC Intelligent Solutions’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

CCCS has been the subject of a number of recent analyst reports. The Goldman Sachs Group cut their price target on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a “buy” rating for the company in a research note on Wednesday, May 7th. JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from a “neutral” rating to an “underweight” rating and set a $10.00 price target for the company. in a research note on Monday, June 23rd. Barrington Research reiterated an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Monday, August 4th. Morgan Stanley cut their price target on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Finally, Piper Sandler cut their target price on shares of CCC Intelligent Solutions from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.07.

Read Our Latest Stock Analysis on CCCS

About CCC Intelligent Solutions

(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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