Valeo Financial Advisors LLC Takes Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Valeo Financial Advisors LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) in the first quarter, HoldingsChannel reports. The firm bought 11,084 shares of the company’s stock, valued at approximately $100,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CCCS. TD Private Client Wealth LLC purchased a new position in shares of CCC Intelligent Solutions in the 4th quarter valued at approximately $31,000. Quarry LP purchased a new position in CCC Intelligent Solutions during the fourth quarter valued at $36,000. Curated Wealth Partners LLC raised its stake in CCC Intelligent Solutions by 42.1% during the first quarter. Curated Wealth Partners LLC now owns 14,268 shares of the company’s stock valued at $129,000 after buying an additional 4,224 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new position in CCC Intelligent Solutions during the fourth quarter valued at $133,000. Finally, Two Sigma Securities LLC purchased a new position in CCC Intelligent Solutions during the fourth quarter valued at $139,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insider Transactions at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Lauren Young sold 30,000,000 shares of the business’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $9.08, for a total transaction of $272,400,000.00. Following the completion of the sale, the director owned 1,562,344 shares of the company’s stock, valued at approximately $14,186,083.52. The trade was a 95.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Timothy A. Welsh purchased 100,000 shares of the business’s stock in a transaction on Wednesday, May 14th. The shares were bought at an average cost of $9.03 per share, with a total value of $903,000.00. Following the acquisition, the insider directly owned 168,472 shares of the company’s stock, valued at $1,521,302.16. This trade represents a 146.05% increase in their position. The disclosure for this purchase can be found here. 6.03% of the stock is owned by insiders.

CCC Intelligent Solutions Trading Down 2.2%

Shares of NYSE:CCCS opened at $9.54 on Friday. The company has a market cap of $6.29 billion, a P/E ratio of 477.24 and a beta of 0.74. 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. The stock’s fifty day moving average price is $9.12 and its 200-day moving average price is $9.74.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The company had revenue of $251.57 million during the quarter, compared to analysts’ expectations of $249.87 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. CCC Intelligent Solutions’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 earnings per share. Sell-side analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Analyst Ratings Changes

CCCS has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut CCC Intelligent Solutions from a “neutral” rating to an “underweight” rating and set a $10.00 price objective for the company. in a research note on Monday, June 23rd. Barrington Research reiterated an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Wednesday, May 7th. Morgan Stanley lowered 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. Piper Sandler lowered their price objective on CCC Intelligent Solutions from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group lowered their price objective on CCC Intelligent Solutions from $13.00 to $11.50 and set a “buy” rating for the company in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, CCC Intelligent Solutions has an average rating of “Moderate Buy” and an average price target of $12.06.

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.