Schonfeld Strategic Advisors LLC Sells 2,134 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Schonfeld Strategic Advisors LLC reduced its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,900 shares of the company’s stock after selling 2,134 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in CCC Intelligent Solutions were worth $890,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CCCS. JPMorgan Chase & Co. boosted its position in shares of CCC Intelligent Solutions by 23.3% during the third quarter. JPMorgan Chase & Co. now owns 453,911 shares of the company’s stock worth $5,016,000 after buying an additional 85,725 shares during the period. UMB Bank n.a. bought a new position in shares of CCC Intelligent Solutions during the 4th quarter worth approximately $28,000. Barclays PLC raised its holdings in shares of CCC Intelligent Solutions by 155.7% in the third quarter. Barclays PLC now owns 109,020 shares of the company’s stock valued at $1,205,000 after purchasing an additional 66,386 shares during the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of CCC Intelligent Solutions by 29.0% in the fourth quarter. Conestoga Capital Advisors LLC now owns 12,261,035 shares of the company’s stock worth $143,822,000 after purchasing an additional 2,752,950 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in CCC Intelligent Solutions by 3.0% during the fourth quarter. Wells Fargo & Company MN now owns 903,510 shares of the company’s stock worth $10,598,000 after purchasing an additional 26,694 shares during the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

CCC Intelligent Solutions Stock Down 0.2 %

CCCS opened at $8.94 on Friday. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The stock’s fifty day simple moving average is $8.99 and its 200 day simple moving average is $10.59. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.14 and a 1-year high of $12.88. The stock has a market cap of $5.89 billion, a PE ratio of 446.97 and a beta of 0.76.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $251.57 million for the quarter, compared to analyst estimates of $249.87 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share. As a group, research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, Director Eric Wei sold 42,000,000 shares of CCC Intelligent Solutions stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $10.32, for a total value of $433,440,000.00. Following the completion of the sale, the director now owns 2,258,343 shares in the company, valued at $23,306,099.76. The trade was a 94.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Rodney Christo sold 5,846 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $9.15, for a total transaction of $53,490.90. The disclosure for this sale can be found here. Insiders sold 42,087,456 shares of company stock worth $434,240,401 over the last three months. Insiders own 6.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CCCS shares. Piper Sandler lowered their price target on shares of CCC Intelligent Solutions from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday. Barrington Research reiterated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a report on Wednesday. Barclays decreased their price target on CCC Intelligent Solutions from $13.00 to $11.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Morgan Stanley dropped their price objective on CCC Intelligent Solutions from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group decreased their target price 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, CCC Intelligent Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $12.19.

CCC Intelligent Solutions 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.