CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Short Interest Up 8.0% in December

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCSGet Rating) was the recipient of a large growth in short interest in the month of December. As of December 30th, there was short interest totalling 4,730,000 shares, a growth of 8.0% from the December 15th total of 4,380,000 shares. Based on an average trading volume of 938,500 shares, the short-interest ratio is currently 5.0 days. Approximately 3.8% of the company’s shares are short sold.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, insider Mary Jo Prigge sold 17,085 shares of CCC Intelligent Solutions stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $9.05, for a total value of $154,619.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP John Page Goodson sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $8.90, for a total transaction of $178,000.00. Following the completion of the sale, the senior vice president now directly owns 15,435 shares of the company’s stock, valued at approximately $137,371.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mary Jo Prigge sold 17,085 shares of the business’s stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $9.05, for a total transaction of $154,619.25. The disclosure for this sale can be found here. In the last three months, insiders sold 251,682 shares of company stock valued at $2,292,667. Company insiders own 6.81% of the company’s stock.

Hedge Funds Weigh In On CCC Intelligent Solutions

A number of institutional investors have recently added to or reduced their stakes in CCCS. Bank of New York Mellon Corp lifted its holdings in CCC Intelligent Solutions by 12.3% in the 1st quarter. Bank of New York Mellon Corp now owns 38,517 shares of the company’s stock worth $425,000 after buying an additional 4,232 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of CCC Intelligent Solutions by 146.9% in the 1st quarter. Vanguard Group Inc. now owns 9,519,514 shares of the company’s stock valued at $105,095,000 after purchasing an additional 5,663,827 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of CCC Intelligent Solutions in the 1st quarter valued at about $3,146,000. Charles Schwab Investment Management Inc. raised its stake in shares of CCC Intelligent Solutions by 3.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 306,511 shares of the company’s stock valued at $3,384,000 after purchasing an additional 10,591 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of CCC Intelligent Solutions by 277.6% in the 1st quarter. Royal Bank of Canada now owns 7,696 shares of the company’s stock valued at $85,000 after purchasing an additional 5,658 shares in the last quarter. Institutional investors and hedge funds own 96.40% of the company’s stock.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock opened at $8.66 on Monday. CCC Intelligent Solutions has a 12 month low of $7.41 and a 12 month high of $11.54. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.76 and a quick ratio of 2.76. The firm has a market capitalization of $5.38 billion, a P/E ratio of -216.45, a P/E/G ratio of 1.13 and a beta of 0.74. The company’s fifty day moving average price is $8.80 and its two-hundred day moving average price is $9.12.

CCC Intelligent Solutions (NYSE:CCCSGet Rating) last issued its quarterly earnings data on Friday, November 4th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). CCC Intelligent Solutions had a positive return on equity of 9.38% and a negative net margin of 2.68%. The firm had revenue of $198.73 million during the quarter, compared to analyst estimates of $195.11 million. During the same quarter in the prior year, the firm earned ($0.26) EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, research analysts anticipate that CCC Intelligent Solutions will post 0.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on CCCS. Citigroup lowered their price objective on shares of CCC Intelligent Solutions from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, November 1st. Piper Sandler decreased their price target on shares of CCC Intelligent Solutions from $11.00 to $9.80 and set a “neutral” rating for the company in a research report on Wednesday, January 18th. Finally, Barclays started coverage on shares of CCC Intelligent Solutions in a research report on Friday, October 21st. They set an “equal weight” rating and a $10.00 price target for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.13.

About CCC Intelligent Solutions

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CCC Intelligent Solutions Holdings Inc provides cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. It SaaS platform digitizes mission-critical AI-enabled workflows, facilitates commerce, and connects businesses across the insurance economy, including insurance carriers, collision repairers, parts suppliers, automotive manufactures, financial institution, and others.

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