CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP decreased its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 23.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 460,100 shares of the company’s stock after selling 141,205 shares during the quarter. Advantage Alpha Capital Partners LP owned approximately 0.07% of CCC Intelligent Solutions worth $5,084,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CCCS. Vanguard Group Inc. raised its position in shares of CCC Intelligent Solutions by 17.7% during the 1st quarter. Vanguard Group Inc. now owns 28,034,997 shares of the company’s stock worth $335,299,000 after purchasing an additional 4,225,920 shares during the period. Principal Financial Group Inc. grew its stake in CCC Intelligent Solutions by 4.9% during the 3rd quarter. Principal Financial Group Inc. now owns 26,484,511 shares of the company’s stock worth $292,654,000 after buying an additional 1,234,281 shares during the last quarter. Dragoneer Investment Group LLC increased its position in CCC Intelligent Solutions by 31.5% in the second quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock worth $176,704,000 after buying an additional 3,809,200 shares during the period. Janus Henderson Group PLC lifted its stake in CCC Intelligent Solutions by 7.4% in the first quarter. Janus Henderson Group PLC now owns 12,469,424 shares of the company’s stock valued at $149,133,000 after buying an additional 857,110 shares during the last quarter. Finally, Ghisallo Capital Management LLC acquired a new position in shares of CCC Intelligent Solutions during the second quarter valued at $132,917,000. Institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Stock Up 2.2 %

Shares of CCCS stock opened at $12.74 on Tuesday. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $9.79 and a 1 year high of $12.83. 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 business’s fifty day moving average is $11.14 and its 200-day moving average is $11.06. The stock has a market cap of $7.97 billion, a PE ratio of 637.32, a price-to-earnings-growth ratio of 6.87 and a beta of 0.63.

CCC Intelligent Solutions (NYSE:CCCS) last released its earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The firm had revenue of $238.48 million for the quarter, compared to analyst estimates of $237.41 million. During the same period in the previous year, the company earned $0.03 earnings per share. CCC Intelligent Solutions’s revenue was up 7.8% compared to the same quarter last year. Equities analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Transactions at CCC Intelligent Solutions

In other news, insider Githesh Ramamurthy sold 9,348 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $11.50, for a total transaction of $107,502.00. Following the completion of the sale, the insider now directly owns 4,798,040 shares of the company’s stock, valued at $55,177,460. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Rodney Christo sold 75,000 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $11.80, for a total value of $885,000.00. The disclosure for this sale can be found here. Insiders have sold 268,153 shares of company stock valued at $3,195,485 in the last quarter. Insiders own 6.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th. Jefferies Financial Group dropped their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Bank of America assumed coverage on CCC Intelligent Solutions in a research report on Tuesday, August 20th. They set a “buy” rating and a $15.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Finally, Barclays reduced their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.78.

About CCC Intelligent Solutions

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.