CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Stock Sees Heavy Call Option Buying

Key Points

• CCC saw unusually heavy call-option activity, with 4,407 calls purchased—469% above its typical daily volume of 774.
• The stock rose 9.8% to $7.71 on high trading volume, while its latest quarterly results exceeded expectations with earnings per share of $0.10 versus a $0.05 consensus estimate and 9.8% year-over-year revenue growth.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $9.12; institutional investors own 95.79% of the company’s shares.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Get Free Report) was the target of unusually large options trading on Monday. Traders purchased 4,407 call options on the stock. This represents an increase of 469% compared to the typical daily volume of 774 call options.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Up 9.8%

Shares of CCC traded up $0.69 during trading hours on Monday, reaching $7.71. The stock had a trading volume of 18,053,992 shares, compared to its average volume of 11,534,525. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71. CCC Intelligent Solutions Holdings Inc. Common Stock has a 52 week low of $4.08 and a 52 week high of $9.45. The company's 50-day moving average is $6.91. The company has a market cap of $4.54 billion, a P/E ratio of 96.39 and a beta of 0.47.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%. The firm had revenue of $285.93 million for the quarter. The company's revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Weiss Ratings upgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday. Wall Street Zen cut CCC Intelligent Solutions Holdings Inc. Common Stock from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Citigroup raised their target price on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Jefferies Financial Group set a $7.00 target price on CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 30th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and issued a $9.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.12.

Institutional Trading of CCC Intelligent Solutions Holdings Inc. Common Stock

Large investors have recently bought and sold shares of the business. Central Pacific Bank Trust Division boosted its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 5.1% during the third quarter. Central Pacific Bank Trust Division now owns 47,800 shares of the company's stock worth $318,000 after buying an additional 2,320 shares during the period. Wedmont Private Capital lifted its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 22.9% in the 2nd quarter. Wedmont Private Capital now owns 13,796 shares of the company's stock valued at $71,000 after acquiring an additional 2,568 shares in the last quarter. Empowered Funds LLC lifted its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 18.8% in the 1st quarter. Empowered Funds LLC now owns 22,519 shares of the company's stock valued at $135,000 after acquiring an additional 3,556 shares in the last quarter. IFP Advisors Inc boosted its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 99.9% during the 2nd quarter. IFP Advisors Inc now owns 8,179 shares of the company's stock worth $42,000 after acquiring an additional 4,088 shares during the last quarter. Finally, Root Financial Partners LLC grew its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% during the 1st quarter. Root Financial Partners LLC now owns 4,858 shares of the company's stock worth $29,000 after acquiring an additional 4,644 shares in the last quarter. 95.79% of the stock is owned by institutional investors.

CCC Intelligent Solutions Holdings Inc. Common Stock Company Profile

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services to the property and casualty insurance economy. Its platform helps insurers, collision repair facilities, automakers, parts suppliers and other participants manage automotive claims and related workflows more efficiently.

The company's products support the claims lifecycle, including digital claim intake, damage estimating, vehicle repair management, total-loss processing, payments, customer communications and analytics.

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