1 week Ago By ABMN Staff
Prudential Financial Inc. lowered its holdings in shares of CCC Intelligent Solutions Holdings Inc. ( NYSE:CCCS – Free Report ) by 53.
1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,327 shares of the company’s stock after selling 20,760 shares during the quarter. Prudential Financial Inc.
’s holdings in CCC Intelligent Solutions were worth $216,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors also recently bought and sold shares of the company. Conestoga Capital Advisors LLC lifted its position in shares of 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 purchasing an additional 2,752,950 shares during the last quarter. Raymond James Financial Inc.
acquired a new stake in CCC Intelligent Solutions in the 4th quarter valued at $31,020,000. State Street Corp grew its holdings in shares of CCC Intelligent Solutions by 32.2% in the 3rd quarter.
State Street Corp now owns 7,446,518 shares of the company’s stock worth $82,284,000 after purchasing an additional 1,815,816 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of CCC Intelligent Solutions by 92.9% during the third quarter.
Wellington Management Group LLP now owns 3,279,252 shares of the company’s stock worth $36,236,000 after buying an additional 1,578,942 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in CCC Intelligent Solutions by 4.
9% in the third quarter. Principal Financial Group Inc. now owns 26,484,511 shares of the company’s stock worth $292,654,000 after purchasing an additional 1,234,281 shares in the last quarter.
95.79% of the stock is currently owned by institutional investors. CCC Intelligent Solutions Price Performance Shares of CCCS opened at $8.
81 on Friday. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 440.
72 and a beta of 0.77. The company has a current ratio of 3.
19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39.
The company’s fifty day simple moving average is $9.68 and its 200 day simple moving average is $10.87.
CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.14 and a 1-year high of $12.
88. Analyst Upgrades and Downgrades CCCS has been the topic of a number of research reports. JPMorgan Chase & Co.
lowered shares of CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $14.00 to $11.00 in a research report on Wednesday, February 26th.
Piper Sandler restated a “neutral” rating and set a $11.00 target price (down from $13.00) on shares of CCC Intelligent Solutions in a research report on Wednesday, February 26th.
Finally, Barrington Research restated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock.
Based on data from MarketBeat, CCC Intelligent Solutions currently has an average rating of “Moderate Buy” and an average price target of $13.14. Check Out Our Latest Stock Report on CCC Intelligent Solutions Insider Buying and Selling at CCC Intelligent Solutions In other CCC Intelligent Solutions news, Director Eric Wei sold 42,000,000 shares of the stock in a transaction dated Monday, March 3rd.
The shares were sold at an average price of $10.32, for a total transaction of $433,440,000.00.
Following the sale, the director now directly owns 2,258,343 shares in the company, valued at $23,306,099.76. This represents a 94.
90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website . Also, 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 transaction of $305,813.90.
Following the completion of the transaction, the director now directly owns 54,047 shares in the company, valued at $485,342.06. This trade represents a 38.
65 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold 42,087,456 shares of company stock valued at $434,240,401 in the last quarter.
6.67% of the stock is currently owned by insiders. About CCC Intelligent Solutions ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding CCCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CCC Intelligent Solutions Holdings Inc.
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