CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Receives Average Recommendation of "Moderate Buy" from Brokerages

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) has earned an average rating of "Moderate Buy" from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $12.57.

CCCS has been the topic of a number of recent analyst reports. 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 report on Wednesday, April 16th. Barclays lowered their price target on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Piper Sandler reiterated a "neutral" rating and issued a $11.00 price objective (down previously from $13.00) on shares of CCC Intelligent Solutions in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lowered shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $14.00 to $11.00 in a research report on Wednesday, February 26th. Finally, Barrington Research reiterated an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Monday, February 24th.

Insider Buying and Selling

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 20,077 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $10.20, for a total transaction of $204,785.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Eileen Schloss sold 34,055 shares of CCC Intelligent Solutions stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $8.98, for a total transaction of $305,813.90. Following the sale, the director now owns 54,047 shares of the company's stock, valued at approximately $485,342.06. This trade represents a 38.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,087,456 shares of company stock worth $434,240,401 in the last ninety days. Insiders own 6.03% of the company's stock.

Institutional Investors Weigh In On CCC Intelligent Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Baker Tilly Wealth Management LLC raised its holdings in shares of CCC Intelligent Solutions by 6.6% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 14,386 shares of the company's stock worth $169,000 after purchasing an additional 888 shares during the period. Central Pacific Bank Trust Division lifted its position in CCC Intelligent Solutions by 6.1% during the fourth quarter. Central Pacific Bank Trust Division now owns 16,760 shares of the company's stock valued at $197,000 after buying an additional 960 shares in the last quarter. CIBC Asset Management Inc grew its stake in CCC Intelligent Solutions by 5.9% during the fourth quarter. CIBC Asset Management Inc now owns 19,046 shares of the company's stock worth $223,000 after buying an additional 1,054 shares during the period. Berry Wealth Group LP increased its position in shares of CCC Intelligent Solutions by 5.8% in the fourth quarter. Berry Wealth Group LP now owns 20,224 shares of the company's stock worth $237,000 after acquiring an additional 1,109 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of CCC Intelligent Solutions by 1.0% in the 4th quarter. Arizona State Retirement System now owns 117,507 shares of the company's stock valued at $1,378,000 after acquiring an additional 1,150 shares during the period. Hedge funds and other institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Stock Performance

CCCS traded up $0.08 during trading on Friday, reaching $9.26. The company's stock had a trading volume of 4,302,253 shares, compared to its average volume of 4,707,074. 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 company's fifty day moving average price is $9.10 and its 200-day moving average price is $10.65. CCC Intelligent Solutions has a 52-week low of $8.14 and a 52-week high of $12.88. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 463.23 and a beta of 0.77.

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.