NBC Securities Inc. Sells 3,748 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

NBC Securities Inc. trimmed its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 6.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,941 shares of the company’s stock after selling 3,748 shares during the quarter. NBC Securities Inc.’s holdings in CCC Intelligent Solutions were worth $692,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Park Place Capital Corp boosted its position in CCC Intelligent Solutions by 65.9% during the fourth quarter. Park Place Capital Corp now owns 4,175 shares of the company’s stock worth $48,000 after purchasing an additional 1,659 shares during the period. Covestor Ltd lifted its holdings in shares of CCC Intelligent Solutions by 781.7% during the third quarter. Covestor Ltd now owns 6,895 shares of the company’s stock worth $92,000 after buying an additional 6,113 shares in the last quarter. Parkside Financial Bank & Trust acquired a new stake in shares of CCC Intelligent Solutions during the fourth quarter worth $99,000. Coldstream Capital Management Inc. acquired a new stake in shares of CCC Intelligent Solutions during the fourth quarter worth $119,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of CCC Intelligent Solutions during the third quarter worth $143,000. 95.79% of the stock is owned by institutional investors.

Insider Transactions at CCC Intelligent Solutions

In other news, insider Brian Herb sold 19,742 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $11.88, for a total transaction of $234,534.96. Following the completion of the sale, the insider now owns 288,076 shares in the company, valued at approximately $3,422,342.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO Rodney Christo sold 4,606 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $11.88, for a total transaction of $54,719.28. Following the completion of the transaction, the chief accounting officer now owns 14,154 shares in the company, valued at $168,149.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Brian Herb sold 19,742 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $11.88, for a total transaction of $234,534.96. Following the completion of the sale, the insider now directly owns 288,076 shares of the company’s stock, valued at $3,422,342.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,563,332 shares of company stock worth $683,727,511. 6.67% of the stock is currently owned by company insiders.

CCC Intelligent Solutions Price Performance

CCCS opened at $11.42 on Thursday. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 95.17, a PEG ratio of 5.48 and a beta of 0.62. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $10.32 and a 1 year high of $13.41. The stock’s 50 day simple moving average is $11.34 and its 200 day simple moving average is $11.41. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.53 and a quick ratio of 2.53.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). CCC Intelligent Solutions had a negative net margin of 10.85% and a positive return on equity of 4.52%. The firm had revenue of $227.24 million for the quarter, compared to analysts’ expectations of $225.21 million. As a group, analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Evercore ISI boosted their price target on CCC Intelligent Solutions from $13.00 to $15.00 and gave the company an “outperform” rating in a research note on Wednesday, March 13th. Barrington Research reissued an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Wednesday, May 1st. Barclays boosted their target price on CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. Finally, Piper Sandler boosted their price target on CCC Intelligent Solutions from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, CCC Intelligent Solutions currently has an average rating of “Moderate Buy” and an average target price of $13.63.

About CCC Intelligent Solutions

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.