CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC lessened its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 12.5% during the 1st quarter, Holdings Channel reports. The firm owned 4,481,084 shares of the company’s stock after selling 639,396 shares during the quarter. Riverbridge Partners LLC’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $26,887,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Krilogy Financial LLC purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth approximately $215,000. SG Americas Securities LLC acquired a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at approximately $3,254,000. Finally, Evolve Private Wealth LLC purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at $116,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

CCC opened at $4.38 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50 day simple moving average of $4.82. CCC Intelligent Solutions Holdings Inc. Common Stock has a 1-year low of $4.08 and a 1-year high of $10.50. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 73.01 and a beta of 0.53.

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

Analyst Upgrades and Downgrades

CCC has been the topic of a number of research reports. Citigroup lowered shares of 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 research note on Friday, April 10th. Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $8.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Saturday, May 9th. Weiss Ratings raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, Wall Street Zen upgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.33.

CCC Intelligent Solutions Holdings Inc. Common Stock Profile

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.