CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Purchased by NBC Securities Inc.

NBC Securities Inc. grew its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 95,863.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,336 shares of the company's stock after acquiring an additional 63,270 shares during the period. NBC Securities Inc.'s holdings in CCC Intelligent Solutions were worth $571,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CCCS. KBC Group NV grew its stake in CCC Intelligent Solutions by 55.9% during the fourth quarter. KBC Group NV now owns 16,075 shares of the company's stock valued at $189,000 after acquiring an additional 5,761 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in CCC Intelligent Solutions by 21.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 17,686 shares of the company's stock valued at $203,000 after acquiring an additional 3,090 shares in the last quarter. Rhumbline Advisers grew its stake in CCC Intelligent Solutions by 2.5% during the fourth quarter. Rhumbline Advisers now owns 408,502 shares of the company's stock valued at $4,792,000 after acquiring an additional 10,077 shares in the last quarter. Principal Securities Inc. grew its stake in CCC Intelligent Solutions by 108.8% during the fourth quarter. Principal Securities Inc. now owns 28,391 shares of the company's stock valued at $333,000 after acquiring an additional 14,791 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in CCC Intelligent Solutions by 1.7% during the fourth quarter. Principal Financial Group Inc. now owns 26,939,551 shares of the company's stock valued at $316,001,000 after acquiring an additional 455,040 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

CCC Intelligent Solutions Trading Up 0.8%

CCCS traded up $0.07 on Friday, reaching $8.99. 9,510,514 shares of the company traded hands, compared to its average volume of 5,116,513. CCC Intelligent Solutions Holdings Inc. has a one year low of $8.14 and a one year high of $12.88. The firm has a fifty day simple moving average of $8.85 and a two-hundred day simple moving average of $10.23. The company has a market cap of $5.92 billion, a P/E ratio of 449.72 and a beta of 0.72. 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 announced its quarterly earnings data 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 company had revenue of $251.57 million during the quarter, compared to analyst estimates of $249.87 million. During the same quarter last year, the business posted $0.09 EPS. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities research analysts expect 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 other news, Director Eric Wei sold 30,000,000 shares of CCC Intelligent Solutions stock in a transaction that occurred on Tuesday, May 20th. The shares were 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 of the company's stock, valued at $14,186,083.52. The trade was a 95.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Rodney Christo sold 5,846 shares of CCC Intelligent Solutions stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $9.15, for a total transaction of $53,490.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,067,379 shares of company stock valued at $545,395,616. Company insiders own 6.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on CCCS shares. JPMorgan Chase & Co. lowered shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $14.00 to $11.00 in a research report on Wednesday, February 26th. The Goldman Sachs Group lowered their target price on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a report on Wednesday, May 7th. Barclays lowered their target price on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Morgan Stanley lowered their target price on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Barrington Research restated an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report 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, CCC Intelligent Solutions 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.