116,091 Shares in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Bought by Cache Advisors LLC

Cache Advisors LLC purchased a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 116,091 shares of the company's stock, valued at approximately $1,362,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Squarepoint Ops LLC lifted its holdings in shares of CCC Intelligent Solutions by 736.2% in the fourth quarter. Squarepoint Ops LLC now owns 141,091 shares of the company's stock valued at $1,655,000 after purchasing an additional 124,218 shares in the last quarter. Twinbeech Capital LP purchased a new position in shares of CCC Intelligent Solutions during the fourth quarter valued at approximately $489,000. TPG GP A LLC lifted its stake in shares of CCC Intelligent Solutions by 17.3% during the fourth quarter. TPG GP A LLC now owns 4,087,220 shares of the company's stock valued at $47,943,000 after buying an additional 602,959 shares during the period. State of Wyoming increased its position in CCC Intelligent Solutions by 26.7% during the fourth quarter. State of Wyoming now owns 17,680 shares of the company's stock worth $207,000 after purchasing an additional 3,731 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. increased its position in CCC Intelligent Solutions by 59.0% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 98,503 shares of the company's stock worth $1,078,000 after purchasing an additional 36,551 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

Insider Transactions at CCC Intelligent Solutions

In other news, Director Eric Wei sold 42,000,000 shares of the 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 transaction, the director now owns 2,258,343 shares of the company's stock, valued at approximately $23,306,099.76. This trade represents a 94.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Rodney Christo sold 20,077 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $10.20, 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 Trading Up 3.7%

Shares of CCC Intelligent Solutions stock traded up $0.31 during trading hours on Tuesday, hitting $8.78. The company's stock had a trading volume of 12,491,831 shares, compared to its average volume of 5,049,257. The business has a fifty day moving average of $8.89 and a 200 day moving average of $10.42. The company has a market capitalization of $5.79 billion, a PE ratio of 439.22 and a beta of 0.76. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.14 and a 1-year high of $12.88. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. The Goldman Sachs Group dropped their price target on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Morgan Stanley dropped their price target on shares of 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. JPMorgan Chase & Co. lowered shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $14.00 to $11.00 in a research report on Wednesday, February 26th. Barclays dropped their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Finally, Piper Sandler dropped 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 research report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.19.

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.