Wasatch Advisors LP Grows Stock Holdings in CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

Wasatch Advisors LP boosted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 23.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,231,760 shares of the company’s stock after purchasing an additional 5,440,768 shares during the period. Wasatch Advisors LP owned about 4.81% of CCC Intelligent Solutions Holdings Inc. Common Stock worth $169,391,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCC. Evolve Private Wealth LLC purchased a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at $116,000. Krilogy Financial LLC bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at $215,000. OP Asset Management Ltd bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at $816,000. Finally, SG Americas Securities LLC purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth $3,254,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Trading Up 11.8%

NASDAQ CCC opened at $5.02 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.25 and a current ratio of 1.25. CCC Intelligent Solutions Holdings Inc. Common Stock has a 12 month low of $4.08 and a 12 month high of $10.50. The company has a market cap of $2.95 billion, a PE ratio of 83.68 and a beta of 0.53. The business’s 50 day moving average price is $4.79.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The business had revenue of $281.27 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.18% and a return on equity of 6.08%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Sell-side analysts forecast that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on CCC shares. Citigroup lowered CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $10.00 to $6.00 in a report on Friday, April 10th. Wall Street Zen raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Barrington Research restated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Friday, April 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a $8.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Saturday, May 9th. Finally, Weiss Ratings upgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, CCC Intelligent Solutions Holdings Inc. Common Stock presently has a consensus rating of “Hold” and a consensus price target of $9.33.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company’s SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services.