Jane Street Group LLC Sells 539,384 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Jane Street Group LLC decreased its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 68.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 243,020 shares of the company's stock after selling 539,384 shares during the period. Jane Street Group LLC's holdings in CCC Intelligent Solutions were worth $2,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of CCCS. CIBC Asset Management Inc increased its stake in CCC Intelligent Solutions by 5.9% in the fourth quarter. CIBC Asset Management Inc now owns 19,046 shares of the company's stock valued at $223,000 after purchasing an additional 1,054 shares in the last quarter. Berry Wealth Group LP lifted its holdings in CCC Intelligent Solutions by 5.8% during 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. Arizona State Retirement System grew its stake in CCC Intelligent Solutions by 1.0% in the fourth 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. Treasurer of the State of North Carolina increased its holdings in shares of CCC Intelligent Solutions by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 198,807 shares of the company's stock worth $2,332,000 after acquiring an additional 1,250 shares in the last quarter. Finally, Townsquare Capital LLC raised its position in shares of CCC Intelligent Solutions by 6.5% during the fourth quarter. Townsquare Capital LLC now owns 24,338 shares of the company's stock worth $285,000 after purchasing an additional 1,475 shares during the period. Institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Trading Up 0.2%

NYSE:CCCS traded up $0.02 during mid-day trading on Tuesday, hitting $9.17. 579,262 shares of the company's stock were exchanged, compared to its average volume of 4,888,680. 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. The company has a 50 day simple moving average of $8.95 and a 200-day simple moving average of $10.50. The firm has a market capitalization of $6.04 billion, a P/E ratio of 457.98 and a beta of 0.76.

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

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Eric Wei sold 42,000,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $10.32, for a total value of $433,440,000.00. Following the transaction, the director now owns 2,258,343 shares of the company's stock, valued at approximately $23,306,099.76. The trade was a 94.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Rodney Christo sold 20,077 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were 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. Insiders sold 42,087,456 shares of company stock valued at $434,240,401 in the last three months. Corporate insiders own 6.03% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Morgan Stanley cut their target price 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. Piper Sandler cut their price objective on shares of CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $14.00 to $11.00 in a research report on Wednesday, February 26th. Barclays reduced their price objective 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. Finally, Barrington Research reissued an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, CCC Intelligent Solutions has a consensus rating of "Moderate Buy" and an average target price of $12.19.

About CCC Intelligent Solutions

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.