Stanley Laman Group Ltd. Acquires Shares of 420,626 CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Stanley Laman Group Ltd. bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 420,626 shares of the company's stock, valued at approximately $3,798,000. Stanley Laman Group Ltd. owned approximately 0.06% of CCC Intelligent Solutions at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC purchased a new position in CCC Intelligent Solutions in the 4th quarter worth approximately $31,000. Quarry LP acquired a new stake in shares of CCC Intelligent Solutions during the fourth quarter valued at about $36,000. First Horizon Advisors Inc. grew its stake in shares of CCC Intelligent Solutions by 90.0% during the fourth quarter. First Horizon Advisors Inc. now owns 5,922 shares of the company's stock valued at $69,000 after acquiring an additional 2,805 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of CCC Intelligent Solutions by 27.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,258 shares of the company's stock worth $86,000 after acquiring an additional 1,546 shares during the last quarter. Finally, SRS Capital Advisors Inc. acquired a new position in shares of CCC Intelligent Solutions in the fourth quarter worth about $124,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CCC Intelligent Solutions

In other news, Director Eileen Schloss sold 34,055 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $8.98, for a total transaction of $305,813.90. Following the completion of the sale, the director now owns 54,047 shares in the company, valued at approximately $485,342.06. This represents a 38.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Crescenzo Neil E. De purchased 100,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average cost of $8.54 per share, for a total transaction of $854,000.00. Following the purchase, the director now directly owns 213,429 shares in the company, valued at $1,822,683.66. This represents a 88.16% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 60,067,379 shares of company stock valued at $545,395,616. 6.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Morgan Stanley dropped their price target on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Barclays decreased their price target 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. JPMorgan Chase & Co. cut CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $14.00 to $11.00 in a research note on Wednesday, February 26th. Piper Sandler decreased their target price on CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, Barrington Research reissued an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $12.19.

CCC Intelligent Solutions Stock Performance

NYSE CCCS traded up $0.10 during trading hours on Monday, hitting $8.90. The company had a trading volume of 6,358,739 shares, compared to its average volume of 7,641,015. The firm has a market cap of $5.87 billion, a P/E ratio of 445.22 and a beta of 0.72. The business has a fifty day simple moving average of $8.89 and a 200-day simple moving average of $10.11. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $12.88. 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 results on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.08. The company had revenue of $251.57 million during the quarter, compared to analyst estimates of $249.87 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 EPS. Equities analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

About CCC Intelligent Solutions

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.