CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Stock Sold by Summit Creek Advisors LLC

Summit Creek Advisors LLC trimmed its position in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 16.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 745,935 shares of the company’s stock after selling 144,607 shares during the period. CCC Intelligent Solutions Holdings Inc. Common Stock makes up approximately 2.0% of Summit Creek Advisors LLC’s holdings, making the stock its 26th biggest holding. Summit Creek Advisors LLC owned 0.13% of CCC Intelligent Solutions Holdings Inc. Common Stock worth $4,968,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 3.2% during the first quarter. Principal Financial Group Inc. now owns 37,848,476 shares of the company’s stock worth $227,091,000 after purchasing an additional 1,189,466 shares in the last quarter. Bank of America Corp DE boosted its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 2.4% in the 1st 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 in the last quarter. Van Berkom & Associates Inc. boosted its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 15.5% in the 1st 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. Dimensional Fund Advisors LP boosted its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 6.7% in the 1st 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. Finally, Alfreton Capital LLP grew its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 22.5% during the 1st quarter. Alfreton Capital LLP now owns 10,778,074 shares of the company’s stock worth $64,668,000 after buying an additional 1,978,074 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Holdings Inc. Common Stock Trading Up 0.1%

NASDAQ CCC opened at $7.68 on Friday. The company has a fifty day simple moving average of $7.16 and a two-hundred day simple moving average of $6.08. The stock has a market cap of $4.54 billion, a P/E ratio of 59.08, a P/E/G ratio of 2.83 and a beta of 0.38. CCC Intelligent Solutions Holdings Inc. Common Stock has a 12-month low of $4.08 and a 12-month high of $8.68. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.68.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 6.54% and a return on equity of 9.11%. The firm had revenue of $294.09 million for the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock’s revenue was up 10.1% compared to the same quarter last year. On average, analysts forecast that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Weiss Ratings raised 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. Truist Financial set a $7.75 price target on CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Friday, October 16th. Citigroup raised their price target on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Barclays dropped their price target on CCC Intelligent Solutions Holdings Inc. Common Stock from $8.00 to $7.75 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Finally, CJS Securities downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock to a “market perform” rating in a report on Friday, October 16th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.79.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services for the property and casualty insurance economy. Its platform helps insurers, automotive repairers, automakers, parts suppliers and other industry participants manage vehicle claims and related workflows.

The company’s products support collision estimating, claims management, digital imaging, repair planning, payments, parts and supplier connectivity, and data-driven decision-making. CCC also uses artificial intelligence, analytics and automation to help customers improve claims processing, estimate vehicle damage, coordinate repairs and communicate with policyholders and service providers.

CCC’s business grew from CCC Information Services, a company established in 1980 to provide information and technology solutions to the automotive insurance and repair industries.