Wasatch Advisors LP Increases Holdings in CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

Wasatch Advisors LP lifted its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCCFree Report) by 23.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,231,760 shares of the company’s stock after acquiring an additional 5,440,768 shares during the period. Wasatch Advisors LP’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $169,391,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. OP Asset Management Ltd bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at approximately $816,000. Krilogy Financial LLC bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth approximately $215,000. SG Americas Securities LLC bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth approximately $3,254,000. Finally, Evolve Private Wealth LLC purchased a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at approximately $116,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CCC shares. Jefferies Financial Group reiterated a “buy” rating and set a $8.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Saturday, May 9th. Wall Street Zen upgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Citigroup cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and cut their target price for the company from $10.00 to $6.00 in a research note on Friday, April 10th. Weiss Ratings upgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Barrington Research reiterated an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, CCC Intelligent Solutions Holdings Inc. Common Stock has a consensus rating of “Hold” and a consensus price target of $9.33.

View Our Latest Analysis on CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

Shares of NASDAQ CCC opened at $5.02 on Friday. CCC Intelligent Solutions Holdings Inc. Common Stock has a 1-year low of $4.08 and a 1-year high of $10.50. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The stock’s 50 day moving average is $4.79. The company has a market capitalization of $2.95 billion, a PE ratio of 83.68 and a beta of 0.53.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCCGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.06. The business had revenue of $281.27 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 6.08% and a net margin of 3.18%.The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 earnings per share for the current fiscal year.

About CCC Intelligent Solutions Holdings Inc. Common Stock

(Free Report)

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company’s SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services.

Further Reading

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Institutional Ownership by Quarter for CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC)

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