Susquehanna Fundamental Investments LLC Buys New Shares in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Susquehanna Fundamental Investments LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 102,012 shares of the company's stock, valued at approximately $1,197,000.

Several other hedge funds have also modified their holdings of CCCS. Norman Fields Gottscho Capital Management LLC lifted its stake in shares of CCC Intelligent Solutions by 34.5% in the fourth quarter. Norman Fields Gottscho Capital Management LLC now owns 397,489 shares of the company's stock worth $4,663,000 after acquiring an additional 101,885 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of CCC Intelligent Solutions by 23.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 453,911 shares of the company's stock valued at $5,016,000 after purchasing an additional 85,725 shares in the last quarter. UMB Bank n.a. purchased a new position in shares of CCC Intelligent Solutions during the 4th quarter valued at approximately $28,000. Barclays PLC grew its position in shares of CCC Intelligent Solutions by 155.7% during the third quarter. Barclays PLC now owns 109,020 shares of the company's stock worth $1,205,000 after buying an additional 66,386 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its stake 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 buying an additional 2,752,950 shares during the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CCCS shares. Barrington Research reissued an "outperform" rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Monday, February 24th. JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $14.00 to $11.00 in a research note on Wednesday, February 26th. Piper Sandler restated a "neutral" rating and set a $11.00 price objective (down previously from $13.00) on shares of CCC Intelligent Solutions in a research note on Wednesday, February 26th. Morgan Stanley decreased their target price on CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Barclays dropped their price target on CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $12.57.

CCC Intelligent Solutions Stock Performance

CCCS stock traded up $0.08 during mid-day trading on Friday, reaching $9.26. The company had a trading volume of 4,302,253 shares, compared to its average volume of 4,707,074. CCC Intelligent Solutions Holdings Inc. has a one year low of $8.14 and a one year high of $12.88. The stock has a market capitalization of $6.10 billion, a P/E ratio of 463.23 and a beta of 0.77. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The stock's 50-day simple moving average is $9.10 and its two-hundred day simple moving average is $10.65.

Insider Activity

In other CCC Intelligent Solutions news, Director Eric Wei sold 42,000,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $10.32, for a total transaction of $433,440,000.00. Following the sale, the director now directly owns 2,258,343 shares in the company, valued at approximately $23,306,099.76. The trade was a 94.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Rodney Christo sold 20,077 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $10.20, for a total transaction of $204,785.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,087,456 shares of company stock valued at $434,240,401. Insiders own 6.03% 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.