MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 72,307 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 12.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 648,264 shares of the company's stock after buying an additional 72,307 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.10% of CCC Intelligent Solutions worth $7,605,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. grew its stake in CCC Intelligent Solutions by 6.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 68,866,717 shares of the company's stock worth $807,807,000 after buying an additional 4,060,284 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of CCC Intelligent Solutions by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 51,387,172 shares of the company's stock valued at $602,772,000 after purchasing an additional 847,334 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of CCC Intelligent Solutions by 1.7% in the 4th quarter. Principal Financial Group Inc. now owns 26,939,551 shares of the company's stock valued at $316,001,000 after purchasing an additional 455,040 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of CCC Intelligent Solutions by 2.2% in the 4th quarter. Brown Advisory Inc. now owns 14,033,496 shares of the company's stock valued at $164,613,000 after purchasing an additional 299,943 shares in the last quarter. Finally, Conestoga Capital Advisors LLC boosted its stake in shares of CCC Intelligent Solutions by 29.0% in the 4th quarter. Conestoga Capital Advisors LLC now owns 12,261,035 shares of the company's stock valued at $143,822,000 after purchasing an additional 2,752,950 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

CCC Intelligent Solutions Trading Down 3.8%

NYSE CCCS traded down $0.33 during trading hours on Friday, reaching $8.47. The company's stock had a trading volume of 8,634,940 shares, compared to its average volume of 5,015,621. The firm has a fifty day simple moving average of $8.91 and a 200-day simple moving average of $10.45. The stock has a market cap of $5.58 billion, a P/E ratio of 423.71 and a beta of 0.76. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $8.14 and a 52 week high of $12.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19.

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

Insiders Place Their Bets

In other news, insider Timothy A. Welsh purchased 100,000 shares of the stock in a transaction on Wednesday, May 14th. The stock was purchased at an average price of $9.03 per share, for a total transaction of $903,000.00. Following the acquisition, the insider now owns 168,472 shares in the company, valued at $1,521,302.16. This trade represents a 146.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric Wei sold 42,000,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was 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. The trade was a 94.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,087,456 shares of company stock worth $434,240,401. 6.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CCCS. The Goldman Sachs Group reduced their price target on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Piper Sandler reduced their price target on shares of CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Barclays reduced their price target 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. JPMorgan Chase & Co. downgraded shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $14.00 to $11.00 in a research note on Wednesday, February 26th. 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.