CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 3.8% in the 4th quarter, Holdings Channel reports. The firm owned 38,388 shares of the company’s stock after selling 1,535 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CCC Intelligent Solutions were worth $437,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Simplicity Solutions LLC acquired a new stake in CCC Intelligent Solutions in the third quarter valued at approximately $181,000. Raymond James & Associates purchased a new stake in CCC Intelligent Solutions during the 3rd quarter worth $2,131,000. Bank of New York Mellon Corp lifted its holdings in CCC Intelligent Solutions by 14.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,015,298 shares of the company’s stock worth $13,554,000 after buying an additional 127,152 shares in the last quarter. Brown Advisory Inc. boosted its position in CCC Intelligent Solutions by 306.4% in the 3rd quarter. Brown Advisory Inc. now owns 4,562,530 shares of the company’s stock valued at $60,910,000 after buying an additional 3,439,776 shares during the last quarter. Finally, Strs Ohio grew its stake in shares of CCC Intelligent Solutions by 23.6% during the third quarter. Strs Ohio now owns 161,746 shares of the company’s stock valued at $2,159,000 after acquiring an additional 30,866 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Stock Performance

Shares of CCCS opened at $10.81 on Friday. The stock has a market capitalization of $6.64 billion, a PE ratio of -51.48 and a beta of 0.63. The business’s fifty day moving average price is $11.72 and its 200 day moving average price is $11.45. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.53 and a quick ratio of 2.29. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.74 and a 12-month high of $13.41.

CCC Intelligent Solutions (NYSE:CCCS) last issued its earnings results on Wednesday, February 28th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). CCC Intelligent Solutions had a positive return on equity of 4.52% and a negative net margin of 10.85%. The business had revenue of $228.60 million for the quarter, compared to analyst estimates of $222.80 million. Equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.18 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, Director Lauren Young sold 41,165,139 shares of the company’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 of the company’s stock, valued at $58,508,369.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Githesh Ramamurthy sold 57,619 shares of CCC Intelligent Solutions stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $11.52, for a total value of $663,770.88. Following the sale, the insider now directly owns 6,463,840 shares in the company, valued at approximately $74,463,436.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lauren Young sold 41,165,139 shares of the business’s 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 transaction, the director now directly owns 5,164,022 shares of the company’s stock, valued at $58,508,369.26. The disclosure for this sale can be found here. Insiders have sold 59,706,755 shares of company stock valued at $681,785,331 over the last quarter. Insiders own 6.67% of the company’s stock.

CCC Intelligent Solutions Company 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.