CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Purchased by Berry Wealth Group LP

Berry Wealth Group LP raised its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 35.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,115 shares of the company’s stock after purchasing an additional 4,976 shares during the quarter. Berry Wealth Group LP’s holdings in CCC Intelligent Solutions were worth $211,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise raised its holdings in shares of CCC Intelligent Solutions by 128.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock valued at $30,000 after buying an additional 1,424 shares during the period. American International Group Inc. increased its stake in CCC Intelligent Solutions by 68.6% during the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock worth $33,000 after purchasing an additional 1,135 shares during the period. CWM LLC lifted its position in shares of CCC Intelligent Solutions by 352.6% during the second quarter. CWM LLC now owns 3,105 shares of the company’s stock worth $34,000 after purchasing an additional 2,419 shares in the last quarter. Twin Tree Management LP purchased a new position in shares of CCC Intelligent Solutions in the first quarter valued at approximately $53,000. Finally, Quarry LP boosted its stake in shares of CCC Intelligent Solutions by 304.0% in the second quarter. Quarry LP now owns 11,219 shares of the company’s stock valued at $125,000 after purchasing an additional 8,442 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.

CCC Intelligent Solutions Stock Performance

CCCS traded up $0.11 on Monday, reaching $11.27. The company had a trading volume of 911,934 shares, compared to its average volume of 3,447,658. The stock has a 50-day moving average price of $10.75 and a 200-day moving average price of $11.05. The stock has a market capitalization of $7.01 billion, a PE ratio of -53.14, a P/E/G ratio of 6.26 and a beta of 0.62. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $9.79 and a 1 year high of $12.68. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.40.

CCC Intelligent Solutions (NYSE:CCCS) last posted its earnings results on Tuesday, July 30th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $232.60 million during the quarter, compared to the consensus estimate of $230.16 million. CCC Intelligent Solutions had a return on equity of 5.16% and a net margin of 2.36%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 EPS. As a group, research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current fiscal year.

Insider Activity

In other news, Director Eileen Schloss sold 99,925 shares of CCC Intelligent Solutions stock in a transaction on Monday, August 5th. The shares were sold at an average price of $9.89, for a total value of $988,258.25. Following the transaction, the director now directly owns 54,047 shares of the company’s stock, valued at $534,524.83. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other CCC Intelligent Solutions news, CAO Rodney Christo sold 4,177 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total transaction of $42,772.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eileen Schloss sold 99,925 shares of CCC Intelligent Solutions stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $9.89, for a total value of $988,258.25. Following the completion of the transaction, the director now owns 54,047 shares in the company, valued at $534,524.83. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 238,387 shares of company stock valued at $2,414,009. 6.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CCCS shares. Barrington Research reiterated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Wednesday, July 31st. Jefferies Financial Group decreased their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Bank of America initiated coverage on CCC Intelligent Solutions in a report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.75.

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.