Van Berkom & Associates Inc. Purchases 1,814,248 Shares of CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

Van Berkom & Associates Inc. increased its position in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 15.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 13,515,096 shares of the company’s stock after purchasing an additional 1,814,248 shares during the period. CCC Intelligent Solutions Holdings Inc. Common Stock makes up 2.7% of Van Berkom & Associates Inc.’s holdings, making the stock its 12th biggest holding. Van Berkom & Associates Inc.’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $81,091,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Evolve Private Wealth LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth $116,000. SG Americas Securities LLC purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter valued at about $3,254,000. Krilogy Financial LLC bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter valued at about $215,000. OP Asset Management Ltd bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter valued at about $816,000. Finally, Wasatch Advisors LP boosted its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% during the first quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company’s stock worth $169,391,000 after purchasing an additional 5,440,768 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

Shares of NASDAQ CCC opened at $6.05 on Monday. The stock has a fifty day moving average of $4.93. 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 quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 100.85 and a beta of 0.51.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its earnings results on Thursday, April 30th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.18% and a return on equity of 6.08%. The firm had revenue of $281.27 million for the quarter. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, sell-side analysts predict that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 earnings per share for the current year.

Analysts Set New Price Targets

CCC has been the topic of several recent analyst reports. Citigroup cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and cut their target price for the stock from $10.00 to $6.00 in a research note on Friday, April 10th. Weiss Ratings upgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Barrington Research reiterated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. Wall Street Zen upgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $9.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $9.25.

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.