EntryPoint Capital LLC Has $299,000 Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

EntryPoint Capital LLC lifted its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 33.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,453 shares of the company’s stock after acquiring an additional 6,342 shares during the quarter. EntryPoint Capital LLC’s holdings in CCC Intelligent Solutions were worth $299,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of CCC Intelligent Solutions by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 51,387,172 shares of the company’s stock valued at $602,772,000 after purchasing an additional 847,334 shares in the last quarter. Principal Financial Group Inc. raised its position in CCC Intelligent Solutions by 1.7% during the fourth quarter. Principal Financial Group Inc. now owns 26,939,551 shares of the company’s stock valued at $316,001,000 after buying an additional 455,040 shares during the period. Wasatch Advisors LP lifted its stake in CCC Intelligent Solutions by 49.1% in the 3rd quarter. Wasatch Advisors LP now owns 14,331,030 shares of the company’s stock worth $158,358,000 after acquiring an additional 4,716,587 shares in the last quarter. Conestoga Capital Advisors LLC boosted its position in CCC Intelligent Solutions by 29.0% during the 4th quarter. Conestoga Capital Advisors LLC now owns 12,261,035 shares of the company’s stock worth $143,822,000 after acquiring an additional 2,752,950 shares during the period. Finally, State Street Corp grew its stake in CCC Intelligent Solutions by 32.2% during the 3rd quarter. State Street Corp now owns 7,446,518 shares of the company’s stock valued at $82,284,000 after acquiring an additional 1,815,816 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Price Performance

NYSE CCCS opened at $9.07 on Friday. The company has a 50 day moving average price of $10.29 and a two-hundred day moving average price of $11.04. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.83 and a 12-month high of $12.88. The stock has a market capitalization of $5.96 billion, a PE ratio of 453.73 and a beta of 0.73. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions declared that its board has authorized a share buyback program on Friday, December 20th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to buy up to 4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at CCC Intelligent Solutions

In other news, Director Eileen Schloss sold 34,055 shares of CCC Intelligent Solutions stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $8.98, for a total value of $305,813.90. Following the transaction, the director now owns 54,047 shares of the company’s stock, valued at $485,342.06. This trade represents a 38.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eric Wei sold 42,000,000 shares of the business’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 completion of the sale, the director now owns 2,258,343 shares of the company’s stock, 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. In the last 90 days, insiders sold 42,059,978 shares of company stock valued at $434,004,090. Insiders own 6.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on CCCS shares. Barrington Research restated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Monday, February 24th. Piper Sandler reissued a “neutral” rating and set a $11.00 target price (down previously from $13.00) on shares of CCC Intelligent Solutions in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $14.00 to $11.00 in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.14.

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.