250,000 Shares in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Purchased by Maven Securities LTD

Maven Securities LTD purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 250,000 shares of the company’s stock, valued at approximately $2,778,000.

Other hedge funds have also recently bought and sold shares of the company. Banque Cantonale Vaudoise increased its position in CCC Intelligent Solutions by 128.4% during the first quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock worth $30,000 after buying an additional 1,424 shares during the last quarter. American International Group Inc. increased its holdings in shares of CCC Intelligent Solutions by 68.6% during the 1st quarter. American International Group Inc. now owns 2,789 shares of the company’s stock worth $33,000 after acquiring an additional 1,135 shares during the last quarter. CWM LLC raised its stake in CCC Intelligent Solutions by 352.6% in the 2nd quarter. CWM LLC now owns 3,105 shares of the company’s stock valued at $34,000 after acquiring an additional 2,419 shares during the period. Twin Tree Management LP acquired a new stake in CCC Intelligent Solutions during the 1st quarter valued at $53,000. Finally, Quarry LP lifted its holdings in CCC Intelligent Solutions by 304.0% during the 2nd quarter. Quarry LP now owns 11,219 shares of the company’s stock valued at $125,000 after purchasing an additional 8,442 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on CCCS shares. Jefferies Financial Group cut their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Barrington Research restated an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Wednesday, July 31st. Finally, Bank of America started coverage on CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.75.

Insiders Place Their Bets

In other news, insider Brian Herb sold 20,887 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total transaction of $213,882.88. Following the completion of the sale, the insider now directly owns 217,872 shares in the company, valued at approximately $2,231,009.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Michael John Silva sold 29,022 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total transaction of $311,986.50. Following the sale, the insider now owns 30,172 shares in the company, valued at approximately $324,349. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Herb sold 20,887 shares of CCC Intelligent Solutions stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total transaction of $213,882.88. Following the completion of the transaction, the insider now directly owns 217,872 shares in the company, valued at $2,231,009.28. The disclosure for this sale can be found here. Insiders have sold a total of 238,787 shares of company stock worth $2,418,609 in the last 90 days. Company insiders own 6.67% of the company’s stock.

CCC Intelligent Solutions Price Performance

Shares of CCC Intelligent Solutions stock opened at $10.81 on Wednesday. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of -51.48, a price-to-earnings-growth ratio of 6.35 and a beta of 0.62. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $9.79 and a twelve month high of $13.35. The company has a 50-day simple moving average of $10.67 and a two-hundred day simple moving average of $11.15.

CCC Intelligent Solutions (NYSE:CCCS) last announced its earnings results on Tuesday, July 30th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $232.60 million for the quarter, compared to analysts’ expectations of $230.16 million. CCC Intelligent Solutions had a net margin of 2.36% and a return on equity of 5.16%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $0.02 earnings per share. Analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

CCC Intelligent Solutions Company Profile

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.