CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG trimmed its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 12.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,378 shares of the company’s stock after selling 25,393 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in CCC Intelligent Solutions were worth $2,116,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Eagle Bay Advisors LLC acquired a new stake in CCC Intelligent Solutions in the fourth quarter valued at $25,000. UMB Bank n.a. purchased a new position in shares of CCC Intelligent Solutions in the 4th quarter valued at about $28,000. TD Private Client Wealth LLC acquired a new stake in shares of CCC Intelligent Solutions during the 4th quarter worth about $31,000. GAMMA Investing LLC lifted its stake in CCC Intelligent Solutions by 286.9% during the fourth quarter. GAMMA Investing LLC now owns 3,343 shares of the company’s stock worth $39,000 after purchasing an additional 2,479 shares during the last quarter. Finally, Financial Management Professionals Inc. acquired a new position in CCC Intelligent Solutions in the fourth quarter valued at approximately $54,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CCCS has been the topic of a number of research analyst reports. Barrington Research reissued an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Monday, February 24th. JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $14.00 to $11.00 in a research report on Wednesday, February 26th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $11.00 price objective (down previously from $13.00) on shares of CCC Intelligent Solutions in a report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.14.

Insider Buying and Selling

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 5,846 shares of CCC Intelligent Solutions stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $9.15, for a total value of $53,490.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Eric Wei sold 42,000,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $10.32, for a total value of $433,440,000.00. Following the completion of the transaction, the director now directly owns 2,258,343 shares in the company, valued at approximately $23,306,099.76. The trade was a 94.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,059,978 shares of company stock valued at $434,004,090 over the last quarter. 6.67% of the stock is currently owned by insiders.

CCC Intelligent Solutions Trading Down 2.5 %

Shares of CCC Intelligent Solutions stock opened at $8.83 on Thursday. The company’s fifty day moving average is $10.10 and its two-hundred day moving average is $11.00. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.68 and a 1 year high of $12.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The company has a market capitalization of $5.81 billion, a P/E ratio of 441.72 and a beta of 0.73.

CCC Intelligent Solutions declared that its Board of Directors has initiated a share repurchase program on Friday, December 20th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

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.