CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Shares Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC reduced its stake in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 58.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,240,492 shares of the company’s stock after selling 7,290,405 shares during the period. Conestoga Capital Advisors LLC owned approximately 0.89% of CCC Intelligent Solutions Holdings Inc. Common Stock worth $31,443,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CCC. Wasatch Advisors LP boosted its stake in 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 buying an additional 5,440,768 shares during the period. Fort Washington Investment Advisors Inc. OH raised its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 0.7% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 3,481,093 shares of the company’s stock valued at $20,887,000 after acquiring an additional 24,200 shares during the period. SG Americas Securities LLC acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth approximately $3,254,000. OP Asset Management Ltd acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth approximately $816,000. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 8.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 83,807 shares of the company’s stock worth $503,000 after acquiring an additional 6,354 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on CCC. Jefferies Financial Group reiterated a “buy” rating and issued a $8.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock 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. Citigroup cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $10.00 to $6.00 in a research note on Friday, April 10th. 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, Weiss Ratings raised 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 equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $9.33.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

Shares of CCC opened at $5.38 on Thursday. The stock’s 50-day simple moving average is $4.76. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.25. CCC Intelligent Solutions Holdings Inc. Common Stock has a 1 year low of $4.08 and a 1 year high of $10.50. The firm has a market capitalization of $3.16 billion, a PE ratio of 89.68 and a beta of 0.51.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its quarterly earnings data 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 during the quarter. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. 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.

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.