Captrust Financial Advisors Sells 168,634 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Captrust Financial Advisors cut its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 71.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,609 shares of the company's stock after selling 168,634 shares during the period. Captrust Financial Advisors' holdings in CCC Intelligent Solutions were worth $758,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CCCS. Advisors Asset Management Inc. lifted its position in shares of CCC Intelligent Solutions by 153.0% during the third quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company's stock valued at $32,000 after purchasing an additional 1,729 shares in the last quarter. CWM LLC lifted its holdings in CCC Intelligent Solutions by 352.6% during the second quarter. CWM LLC now owns 3,105 shares of the company's stock worth $34,000 after acquiring an additional 2,419 shares during the period. Huntington National Bank boosted its position 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 last quarter. Marco Investment Management LLC purchased a new position in CCC Intelligent Solutions in the third quarter worth $113,000. Finally, KBC Group NV grew its stake in CCC Intelligent Solutions by 81.7% in the 3rd quarter. KBC Group NV now owns 10,314 shares of the company's stock valued at $114,000 after purchasing an additional 4,637 shares during the period. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Rodney Christo sold 9,916 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $12.67, for a total transaction of $125,635.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mary Jo Prigge sold 19,276 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $12.67, for a total transaction of $244,226.92. Following the completion of the transaction, the insider now owns 97,268 shares in the company, valued at approximately $1,232,385.56. This trade represents a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 443,153 shares of company stock worth $5,390,863 in the last three months. Corporate insiders own 6.67% of the company's stock.

CCC Intelligent Solutions Stock Performance

Shares of NYSE:CCCS traded down $0.13 during midday trading on Wednesday, reaching $12.34. 3,985,270 shares of the company traded hands, compared to its average volume of 3,392,156. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $9.79 and a 12 month high of $12.88. The firm's fifty day moving average price is $11.54 and its two-hundred day moving average price is $11.17. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 617.00, a price-to-earnings-growth ratio of 6.98 and a beta of 0.70.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $238.48 million for the quarter, compared to analysts' expectations of $237.41 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The company's revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. On average, equities 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 analyst reports. Piper Sandler reiterated a "neutral" rating and set a $13.00 target price on shares of CCC Intelligent Solutions in a research note on Wednesday. Morgan Stanley raised shares of CCC Intelligent Solutions from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $14.00 to $15.00 in a research report on Wednesday, November 13th. Barclays reduced their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 29th. Barrington Research reaffirmed an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Finally, Bank of America assumed coverage on CCC Intelligent Solutions in a research note on Tuesday, August 20th. They set a "buy" rating and a $15.00 price target for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, CCC Intelligent Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.89.

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.