CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 68.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 243,020 shares of the company’s stock after selling 539,384 shares during the quarter. Jane Street Group LLC’s holdings in CCC Intelligent Solutions were worth $2,851,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. CIBC Asset Management Inc lifted its position in shares of CCC Intelligent Solutions by 5.9% during the fourth quarter. CIBC Asset Management Inc now owns 19,046 shares of the company’s stock worth $223,000 after purchasing an additional 1,054 shares in the last quarter. Berry Wealth Group LP lifted its position in shares of CCC Intelligent Solutions by 5.8% during the fourth quarter. Berry Wealth Group LP now owns 20,224 shares of the company’s stock worth $237,000 after purchasing an additional 1,109 shares in the last quarter. Arizona State Retirement System lifted its position in shares of CCC Intelligent Solutions by 1.0% during the fourth quarter. Arizona State Retirement System now owns 117,507 shares of the company’s stock worth $1,378,000 after purchasing an additional 1,150 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of CCC Intelligent Solutions by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 198,807 shares of the company’s stock worth $2,332,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Townsquare Capital LLC lifted its position in shares of CCC Intelligent Solutions by 6.5% during the fourth quarter. Townsquare Capital LLC now owns 24,338 shares of the company’s stock worth $285,000 after purchasing an additional 1,475 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, Director Eileen Schloss sold 34,055 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $8.98, for a total transaction of $305,813.90. Following the transaction, the director now directly owns 54,047 shares of the company’s stock, valued at approximately $485,342.06. This trade represents a 38.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eric Wei sold 42,000,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $10.32, for a total transaction of $433,440,000.00. Following the transaction, the director now directly owns 2,258,343 shares in the company, valued at $23,306,099.76. The trade was a 94.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,087,456 shares of company stock valued at $434,240,401. 6.03% of the stock is owned by corporate insiders.

CCC Intelligent Solutions Stock Down 0.2%

CCCS stock opened at $9.03 on Thursday. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $8.14 and a twelve month high of $12.88. The company’s 50 day moving average is $8.95 and its two-hundred day moving average is $10.54. The stock has a market cap of $5.95 billion, a P/E ratio of 451.73 and a beta of 0.76.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company had revenue of $251.57 million for the quarter, compared to analysts’ expectations of $249.87 million. During the same quarter last year, the company earned $0.09 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CCCS shares. Morgan Stanley reduced their target price on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Wednesday, May 7th. Piper Sandler reduced their target price on shares of CCC Intelligent Solutions from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $14.00 to $11.00 in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group reduced their target price on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.19.

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.