Price T Rowe Associates Inc. MD Has $115.39 Million Stock Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Price T Rowe Associates Inc. MD raised its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 4,172.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,837,354 shares of the company's stock after buying an additional 9,607,085 shares during the period. Price T Rowe Associates Inc. MD owned approximately 1.50% of CCC Intelligent Solutions worth $115,394,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in CCC Intelligent Solutions by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 51,387,172 shares of the company's stock worth $602,772,000 after acquiring an additional 847,334 shares during the period. Principal Financial Group Inc. grew its stake in shares of CCC Intelligent Solutions by 1.7% in the 4th quarter. Principal Financial Group Inc. now owns 26,939,551 shares of the company's stock worth $316,001,000 after purchasing an additional 455,040 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of CCC Intelligent Solutions by 29.0% in the 4th quarter. Conestoga Capital Advisors LLC now owns 12,261,035 shares of the company's stock worth $143,822,000 after purchasing an additional 2,752,950 shares in the last quarter. Bessemer Group Inc. lifted its stake in CCC Intelligent Solutions by 37.1% during the fourth quarter. Bessemer Group Inc. now owns 9,758,786 shares of the company's stock valued at $114,470,000 after purchasing an additional 2,642,470 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in CCC Intelligent Solutions by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 7,281,891 shares of the company's stock worth $85,442,000 after buying an additional 77,631 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Rodney Christo sold 20,077 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $10.20, for a total value of $204,785.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Eileen Schloss sold 27,478 shares of CCC Intelligent Solutions stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $8.60, for a total value of $236,310.80. Following the completion of the transaction, the director now owns 26,569 shares in the company, valued at $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 quarter, insiders have sold 42,087,456 shares of company stock valued at $434,240,401. Insiders own 6.03% of the company's stock.

Wall Street Analysts Forecast Growth

CCCS has been the subject of several research reports. Morgan Stanley reduced their price objective on 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 dropped their price target on CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. lowered shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $14.00 to $11.00 in a research note on Wednesday, February 26th. Piper Sandler reissued a "neutral" rating and issued a $11.00 target price (down from $13.00) on shares of CCC Intelligent Solutions in a research report on Wednesday, February 26th. Finally, Barrington Research restated an "outperform" rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Monday, February 24th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.57.

CCC Intelligent Solutions Stock Up 0.9 %

NYSE CCCS traded up $0.08 during trading on Friday, reaching $9.26. The company's stock had a trading volume of 4,302,253 shares, compared to its average volume of 4,707,074. The business has a 50-day moving average price of $9.10 and a 200-day moving average price of $10.65. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.14 and a 1-year high of $12.88. The stock has a market capitalization of $6.10 billion, a PE ratio of 463.23 and a beta of 0.77. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions 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.