Traders Buy Large Volume of Call Options on CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC)

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) saw some unusual options trading on Monday. Traders purchased 4,407 call options on the company. This represents an increase of approximately 469% compared to the typical volume of 774 call options.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CCC. Citigroup boosted their target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Jefferies Financial Group set a $7.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 30th. Wall Street Zen lowered shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Stifel Nicolaus reissued a “buy” rating and issued a $9.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 2nd. Finally, Weiss Ratings raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.12.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Down 0.6%

CCC opened at $7.77 on Wednesday. The business’s fifty day moving average price is $6.96. The stock has a market cap of $4.58 billion, a P/E ratio of 97.14 and a beta of 0.47. CCC Intelligent Solutions Holdings Inc. Common Stock has a 52 week low of $4.08 and a 52 week high of $9.45. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.56 and a quick ratio of 1.56.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last issued its earnings results on Thursday, July 30th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%. The business had revenue of $285.93 million during the quarter. The firm’s revenue was up 9.8% on a year-over-year basis. Equities analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current year.

Institutional Trading of CCC Intelligent Solutions Holdings Inc. Common Stock

A number of hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 3.2% in the first quarter. Principal Financial Group Inc. now owns 37,848,476 shares of the company’s stock valued at $227,091,000 after acquiring an additional 1,189,466 shares in the last quarter. Wasatch Advisors LP grew its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% in the first quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company’s stock worth $169,391,000 after purchasing an additional 5,440,768 shares during the last quarter. Bank of America Corp DE grew its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 2.4% in the first quarter. Bank of America Corp DE now owns 14,004,344 shares of the company’s stock worth $84,026,000 after purchasing an additional 324,678 shares during the last quarter. Van Berkom & Associates Inc. increased its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 15.5% during the first quarter. Van Berkom & Associates Inc. now owns 13,515,096 shares of the company’s stock worth $81,091,000 after purchasing an additional 1,814,248 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 6.7% during the first quarter. Dimensional Fund Advisors LP now owns 11,043,781 shares of the company’s stock worth $66,254,000 after purchasing an additional 695,892 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services to the property and casualty insurance economy. Its platform helps insurers, collision repair facilities, automakers, parts suppliers and other participants manage automotive claims and related workflows more efficiently.

The company’s products support the claims lifecycle, including digital claim intake, damage estimating, vehicle repair management, total-loss processing, payments, customer communications and analytics.