CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Shares Sold by Amundi

Key Points

• Amundi reduced its CCC stake by 34.6% in the second quarter, selling 440,201 shares and retaining 832,124 shares worth approximately $4.3 million. Institutional investors collectively own 95.79% of the company.
• Analyst sentiment remains generally positive, with CCC carrying a “Moderate Buy” consensus rating and an average price target of $9.12; individual targets range from $6.50 to $9.00.
• CCC shares opened at $6.89, while the company’s latest quarterly results surpassed expectations: EPS was $0.10 versus a $0.05 estimate, and revenue increased 9.8% year over year to $285.93 million.

Amundi cut its stake in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Free Report) by 34.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 832,124 shares of the company's stock after selling 440,201 shares during the quarter. Amundi owned about 0.14% of CCC Intelligent Solutions Holdings Inc. Common Stock worth $4,295,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Root Financial Partners LLC boosted its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% during the 1st quarter. Root Financial Partners LLC now owns 4,858 shares of the company's stock valued at $29,000 after acquiring an additional 4,644 shares during the last quarter. Nykredit A S purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the second quarter worth about $26,000. Essential Partners LLC purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth about $38,000. Essex Financial Services Inc. acquired a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at about $61,000. Finally, Kera Capital Partners Inc. purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at approximately $62,000. Hedge funds and other institutional investors own 95.79% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on CCC. Citigroup lifted their price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Jefferies Financial Group set a $7.00 target price on CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 30th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $9.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Weiss Ratings upgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, September 2nd. Finally, Wall Street Zen downgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, CCC Intelligent Solutions Holdings Inc. Common Stock presently has an average rating of "Moderate Buy" and a consensus target price of $9.12.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Up 0.6%

NASDAQ:CCC opened at $6.89 on Friday. CCC Intelligent Solutions Holdings Inc. Common Stock has a 52 week low of $4.08 and a 52 week high of $9.90. The stock's fifty day moving average price is $6.62. The firm has a market capitalization of $4.06 billion, a PE ratio of 86.14 and a beta of 0.49. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.71.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.05. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%.The business had revenue of $285.93 million during the quarter. The firm's revenue was up 9.8% compared to the same quarter last year. On average, sell-side analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current fiscal year.

CCC Intelligent Solutions Holdings Inc. Common Stock Company Profile

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services for the property and casualty insurance economy. Its platform connects insurers, collision repair facilities, automakers, parts suppliers, lenders, and other participants involved in vehicle claims and repairs.

The company's solutions support claims management, estimating, workflow automation, digital payments, total-loss processing, vehicle valuation, and collision-repair operations. CCC also uses artificial intelligence, computer vision, predictive analytics, and data capabilities to help customers assess vehicle damage, streamline claims, improve repair processes, and enhance customer communication.

CCC traces its history to 1980 and primarily serves the North American insurance and automotive markets.

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