Coldstream Capital Management Inc. Buys 3,848 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Coldstream Capital Management Inc. grew its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 26.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,236 shares of the company’s stock after purchasing an additional 3,848 shares during the quarter. Coldstream Capital Management Inc.’s holdings in CCC Intelligent Solutions were worth $204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Amalgamated Bank raised its stake in CCC Intelligent Solutions by 5.8% in the third quarter. Amalgamated Bank now owns 23,722 shares of the company’s stock worth $262,000 after buying an additional 1,299 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its position in shares of CCC Intelligent Solutions by 2.1% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 67,047 shares of the company’s stock worth $745,000 after acquiring an additional 1,390 shares in the last quarter. Hardy Reed LLC lifted its stake in shares of CCC Intelligent Solutions by 7.1% in the 3rd quarter. Hardy Reed LLC now owns 21,540 shares of the company’s stock valued at $238,000 after purchasing an additional 1,430 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of CCC Intelligent Solutions by 15.2% during the second quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock valued at $132,000 after purchasing an additional 1,564 shares in the last quarter. Finally, Huntington National Bank grew its stake in CCC Intelligent Solutions by 37.6% in the third quarter. Huntington National Bank now owns 5,852 shares of the company’s stock worth $65,000 after purchasing an additional 1,599 shares during the period. 95.79% of the stock is owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Trading Down 1.0 %

Shares of NYSE:CCCS opened at $12.10 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $9.79 and a 1 year high of $12.88. The company has a market cap of $7.57 billion, a P/E ratio of 605.00, a PEG ratio of 6.80 and a beta of 0.71. The stock’s fifty day moving average price is $11.66 and its 200-day moving average price is $11.19.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The firm had revenue of $238.48 million for the quarter, compared to the consensus estimate of $237.41 million. During the same quarter last year, the firm posted $0.03 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Sell-side analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

CCCS has been the topic of a number of recent research reports. Bank of America began 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. JPMorgan Chase & Co. raised their target price on shares of CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Piper Sandler reissued a “neutral” rating and issued a $13.00 price target on shares of CCC Intelligent Solutions in a research report on Wednesday, December 11th. Morgan Stanley raised CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $14.00 to $15.00 in a research report on Wednesday, November 13th. Finally, Barclays dropped their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.89.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 9,916 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $12.67, for a total value of $125,635.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mary Jo Prigge sold 19,276 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $12.67, for a total value of $244,226.92. Following the sale, the insider now owns 97,268 shares of the company’s stock, valued at approximately $1,232,385.56. This represents a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 443,153 shares of company stock valued at $5,390,863. Company insiders own 6.67% of the company’s stock.

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.