CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management lowered its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 20.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 437,858 shares of the company’s stock after selling 110,882 shares during the quarter. Picton Mahoney Asset Management’s holdings in CCC Intelligent Solutions were worth $4,866,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CCCS. Banque Cantonale Vaudoise lifted its position in CCC Intelligent Solutions by 128.4% in the first quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock valued at $30,000 after buying an additional 1,424 shares during the last quarter. American International Group Inc. lifted its position in CCC Intelligent Solutions by 68.6% in the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after buying an additional 1,135 shares during the last quarter. CWM LLC lifted its position in CCC Intelligent Solutions by 352.6% in the second quarter. CWM LLC now owns 3,105 shares of the company’s stock valued at $34,000 after buying an additional 2,419 shares during the last quarter. Twin Tree Management LP acquired a new position in CCC Intelligent Solutions in the first quarter valued at about $53,000. Finally, Coldstream Capital Management Inc. acquired a new position in CCC Intelligent Solutions in the fourth quarter valued at about $119,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Stock Down 0.8 %

NYSE:CCCS traded down $0.09 during mid-day trading on Friday, hitting $10.78. The stock had a trading volume of 7,368,166 shares, compared to its average volume of 2,305,453. The stock has a 50-day simple moving average of $10.86 and a two-hundred day simple moving average of $11.30. The company has a market capitalization of $6.72 billion, a PE ratio of -51.33, a PEG ratio of 6.25 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 $13.41. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.40.

CCC Intelligent Solutions (NYSE:CCCS) last issued its earnings results on Tuesday, July 30th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm 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 firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.02 earnings per share. On average, equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

Analyst Ratings Changes

CCCS has been the topic of a number of recent analyst reports. Bank of America assumed coverage on shares of 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. Jefferies Financial Group reduced their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Barrington Research reissued an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.78.

Insider Buying and Selling at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, insider Githesh Ramamurthy sold 24,541 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $11.50, for a total value of $282,221.50. Following the transaction, the insider now directly owns 6,463,840 shares in the company, valued at $74,334,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CCC Intelligent Solutions news, insider Githesh Ramamurthy sold 24,541 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $11.50, for a total value of $282,221.50. Following the transaction, the insider now directly owns 6,463,840 shares in the company, valued at $74,334,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eileen Schloss sold 99,925 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $9.89, for a total transaction of $988,258.25. Following the completion of the transaction, the director now owns 54,047 shares in the company, valued at $534,524.83. The disclosure for this sale can be found here. Insiders have sold 25,292,611 shares of company stock worth $285,547,265 over the last three months. Insiders own 6.67% of the company’s stock.

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.