CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 11.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 381,959 shares of the company's stock after selling 51,145 shares during the period. Invesco Ltd. owned approximately 0.06% of CCC Intelligent Solutions worth $4,480,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of CCC Intelligent Solutions during the 4th quarter worth $50,032,000. JPMorgan Chase & Co. lifted its holdings in shares of CCC Intelligent Solutions by 753.3% during the fourth quarter. JPMorgan Chase & Co. now owns 3,873,418 shares of the company's stock worth $45,435,000 after purchasing an additional 3,419,507 shares during the period. Pamalican Asset Management Ltd purchased a new stake in CCC Intelligent Solutions in the fourth quarter valued at $33,773,000. Conestoga Capital Advisors LLC raised its position in CCC Intelligent Solutions by 29.0% during the fourth quarter. Conestoga Capital Advisors LLC now owns 12,261,035 shares of the company's stock valued at $143,822,000 after acquiring an additional 2,752,950 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of CCC Intelligent Solutions during the 4th quarter valued at approximately $31,020,000. Institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Price Performance

Shares of CCCS stock traded up $0.09 during midday trading on Thursday, reaching $9.35. 434,274 shares of the company traded hands, compared to its average volume of 4,688,043. The firm's 50 day simple moving average is $9.14 and its two-hundred day simple moving average is $10.68. The firm has a market cap of $6.16 billion, a PE ratio of 467.48 and a beta of 0.77. 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 Holdings Inc. has a 1-year low of $8.14 and a 1-year high of $12.88.

Wall Street Analysts Forecast Growth

CCCS has been the subject of a number of research analyst reports. Piper Sandler reissued a "neutral" rating and set a $11.00 target price (down previously from $13.00) on shares of CCC Intelligent Solutions in a report on Wednesday, February 26th. Morgan Stanley reduced 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 research report on Wednesday, April 16th. Barclays dropped their price objective on shares of 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. Barrington Research reaffirmed an "outperform" rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. lowered CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $14.00 to $11.00 in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.57.

Insider Activity at CCC Intelligent Solutions

In other news, CAO Rodney Christo sold 5,846 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $9.15, for a total transaction of $53,490.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Eileen Schloss sold 27,478 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $8.60, for a total transaction of $236,310.80. Following the sale, the director now directly owns 26,569 shares of the company's stock, valued at approximately $228,493.40. The trade was a 50.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,087,456 shares of company stock valued at $434,240,401. 6.03% of the stock is owned by corporate insiders.

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.