Natixis Advisors LLC Sells 205,646 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Key Points

• Natixis Advisors LLC reduced its stake in CCC Intelligent Solutions Holdings by 62.5%, holding 123,363 shares valued at approximately $1.11 million after selling over 205,000 shares.
• Wall Street analysts have varied ratings on CCC Intelligent Solutions, with price targets ranging from $9.00 to $14.00, and a consensus rating of "Hold" reflecting cautious optimism.
• Insider trading activity has been significant, with a director recently selling 30 million shares for over $296 million, indicating potential shifts in stock ownership and confidence.

Natixis Advisors LLC decreased its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 62.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 123,363 shares of the company's stock after selling 205,646 shares during the period. Natixis Advisors LLC's holdings in CCC Intelligent Solutions were worth $1,114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Amalgamated Bank grew its holdings in CCC Intelligent Solutions by 4.9% during the 1st quarter. Amalgamated Bank now owns 24,885 shares of the company's stock valued at $225,000 after buying an additional 1,163 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of CCC Intelligent Solutions by 0.6% during 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 purchasing an additional 1,250 shares during the last quarter. Townsquare Capital LLC boosted its holdings 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 last quarter. Alliancebernstein L.P. boosted its holdings in shares of CCC Intelligent Solutions by 0.8% during the fourth quarter. Alliancebernstein L.P. now owns 188,631 shares of the company's stock worth $2,213,000 after purchasing an additional 1,539 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of CCC Intelligent Solutions by 8.8% during the fourth quarter. Quantinno Capital Management LP now owns 19,036 shares of the company's stock worth $223,000 after purchasing an additional 1,541 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Piper Sandler restated a "neutral" rating and set a $10.00 price objective on shares of CCC Intelligent Solutions in a report on Thursday. Barrington Research restated an "outperform" rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Monday, August 4th. Morgan Stanley decreased their price objective on CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. cut CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price objective on the stock. in a report on Monday, June 23rd. Finally, Barclays increased their target price on CCC Intelligent Solutions from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $12.21.

Insider Buying and Selling

In related news, Director Crescenzo Neil E. De purchased 100,000 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were acquired at an average cost of $8.54 per share, with a total value of $854,000.00. Following the completion of the purchase, the director owned 213,429 shares of the company's stock, valued at $1,822,683.66. The trade was a 88.16% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauren Young sold 30,000,000 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $9.87, for a total transaction of $296,100,000.00. Following the completion of the transaction, the director directly owned 866,345 shares in the company, valued at $8,550,825.15. This trade represents a 97.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 120,005,302 shares of company stock worth $1,137,051,748 over the last quarter. 6.03% of the stock is currently owned by insiders.

CCC Intelligent Solutions Stock Performance

CCCS stock traded down $0.02 during trading on Thursday, reaching $9.64. 8,289,950 shares of the company's stock were exchanged, compared to its average volume of 7,620,893. 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 Holdings Inc. has a 1-year low of $8.14 and a 1-year high of $12.88. The company's fifty day moving average price is $9.51 and its 200-day moving average price is $9.47. The firm has a market cap of $6.28 billion, a PE ratio of 482.24 and a beta of 0.74.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $260.45 million during the quarter, compared to the consensus estimate of $256.21 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 earnings per share. On average, research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

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.