Barclays PLC Has $5.85 Million Stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Barclays PLC increased its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 357.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 498,560 shares of the company's stock after buying an additional 389,540 shares during the quarter. Barclays PLC owned about 0.08% of CCC Intelligent Solutions worth $5,849,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CCCS. Eagle Bay Advisors LLC bought a new stake in shares of CCC Intelligent Solutions during the fourth quarter valued at about $25,000. UMB Bank n.a. acquired a new stake in shares of CCC Intelligent Solutions in the 4th quarter worth approximately $28,000. TD Private Client Wealth LLC bought a new position in shares of CCC Intelligent Solutions in the fourth quarter valued at approximately $31,000. GAMMA Investing LLC increased its stake in shares of CCC Intelligent Solutions by 286.9% during the fourth quarter. GAMMA Investing LLC now owns 3,343 shares of the company's stock valued at $39,000 after acquiring an additional 2,479 shares during the period. Finally, Financial Management Professionals Inc. bought a new stake in CCC Intelligent Solutions during the fourth quarter worth approximately $54,000. 95.79% of the stock is owned by institutional investors and hedge funds.

CCC Intelligent Solutions Stock Up 0.8 %

NYSE:CCCS traded up $0.08 during trading hours on Thursday, hitting $9.34. 510,765 shares of the stock traded hands, compared to its average volume of 4,688,415. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 467.48 and a beta of 0.77. The firm has a 50 day moving average price of $9.14 and a 200 day moving average price of $10.68. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $12.88.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays lowered 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. Barrington Research reissued an "outperform" rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a report on Monday, February 24th. Piper Sandler reaffirmed 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. Morgan Stanley cut their target price on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. lowered shares of 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 report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $12.57.

Insider Buying and Selling

In other news, CAO Rodney Christo sold 5,846 shares of CCC Intelligent Solutions stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $9.15, for a total transaction of $53,490.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Eric Wei sold 42,000,000 shares of the firm's stock in a transaction that occurred on 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 transaction, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 42,087,456 shares of company stock valued at $434,240,401. Corporate insiders own 6.03% of the company's stock.

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.