Squarepoint Ops LLC Sells 494,139 Shares of CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

Key Points

• Squarepoint Ops LLC cut its CCC stake by 64.1% in the second quarter, selling 494,139 shares and retaining 276,935 shares valued at approximately $1.43 million.
• Institutional investors own 95.79% of CCC’s stock, while several smaller investment firms recently initiated or expanded positions.
• CCC reported quarterly earnings of $0.10 per share, beating estimates by $0.05, as revenue rose 9.8% year over year to $285.93 million. Analysts maintain a “Moderate Buy” consensus with an average price target of $9.12, versus a recent share price of $6.33.

Squarepoint Ops LLC trimmed its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Free Report) by 64.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 276,935 shares of the company's stock after selling 494,139 shares during the quarter. Squarepoint Ops LLC's holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

NASDAQ CCC opened at $6.33 on Thursday. CCC Intelligent Solutions Holdings Inc. Common Stock has a 52-week low of $4.08 and a 52-week high of $9.83. The stock's 50-day moving average is $6.68. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $3.73 billion, a P/E ratio of 79.13 and a beta of 0.49.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Get Free Report) last released its earnings results 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. The firm had revenue of $285.93 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.81% and a return on equity of 7.18%. CCC Intelligent Solutions Holdings Inc. Common Stock's quarterly revenue was up 9.8% on a year-over-year basis. As a group, analysts forecast that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current fiscal year.

Analyst Ratings Changes

CCC has been the topic of several recent analyst reports. Jefferies Financial Group set a $7.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 30th. Weiss Ratings raised CCC Intelligent Solutions Holdings Inc. Common Stock from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, September 2nd. Stifel Nicolaus reaffirmed a "buy" rating and set a $9.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 2nd. Wall Street Zen lowered CCC Intelligent Solutions Holdings Inc. Common Stock from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Citigroup boosted their price objective on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, CCC Intelligent Solutions Holdings Inc. Common Stock presently has a consensus rating of "Moderate Buy" and an average price target of $9.12.

CCC Intelligent Solutions Holdings Inc. Common Stock 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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