Conestoga Capital Advisors LLC Has $112.33 Million Stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Conestoga Capital Advisors LLC boosted its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 1.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,439,365 shares of the company's stock after purchasing an additional 178,330 shares during the period. CCC Intelligent Solutions comprises about 1.7% of Conestoga Capital Advisors LLC's portfolio, making the stock its 24th largest holding. Conestoga Capital Advisors LLC owned 1.89% of CCC Intelligent Solutions worth $112,327,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. grew its holdings in shares of CCC Intelligent Solutions by 6.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 68,866,717 shares of the company's stock valued at $807,807,000 after acquiring an additional 4,060,284 shares in the last quarter. Vanguard Group Inc. increased its position in shares of CCC Intelligent Solutions by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 51,387,172 shares of the company's stock worth $602,772,000 after purchasing an additional 847,334 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of CCC Intelligent Solutions by 1.7% during the 4th quarter. Principal Financial Group Inc. now owns 26,939,551 shares of the company's stock worth $316,001,000 after purchasing an additional 455,040 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of CCC Intelligent Solutions by 2.2% during the 4th quarter. Brown Advisory Inc. now owns 14,033,496 shares of the company's stock worth $164,613,000 after purchasing an additional 299,943 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of CCC Intelligent Solutions by 4,172.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,837,354 shares of the company's stock valued at $115,394,000 after buying an additional 9,607,085 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CCCS shares. The Goldman Sachs Group decreased their price objective 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. Piper Sandler reduced their price target on 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. lowered CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $14.00 to $11.00 in a research note on Wednesday, February 26th. Barclays reduced their target price on CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Finally, Barrington Research restated an "outperform" rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $12.19.

CCC Intelligent Solutions Trading Up 1.1%

Shares of NYSE:CCCS opened at $8.90 on Tuesday. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.14 and a 12-month high of $12.88. The business has a 50 day moving average of $8.91 and a 200-day moving average of $10.08. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The stock has a market cap of $5.87 billion, a PE ratio of 445.22 and a beta of 0.72.

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 (EPS) for the quarter, meeting the consensus estimate of $0.08. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The business had revenue of $251.57 million during the quarter, compared to the consensus estimate of $249.87 million. The firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 EPS. As a group, equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Insider Buying and Selling at CCC Intelligent Solutions

In related news, Director Eric Wei sold 30,000,000 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $9.08, for a total value of $272,400,000.00. Following the transaction, the director now owns 1,562,344 shares in the company, valued at approximately $14,186,083.52. This trade represents a 95.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Crescenzo Neil E. De acquired 100,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average cost of $8.54 per share, with a total value of $854,000.00. Following the transaction, the director now directly owns 213,429 shares of the company's stock, valued at $1,822,683.66. This trade represents a 88.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 60,067,379 shares of company stock valued at $545,395,616 in the last quarter. Company 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.

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