CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Acquired by Crescent Park Management L.P.

Crescent Park Management L.P. boosted its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 34.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 434,152 shares of the company's stock after acquiring an additional 111,552 shares during the quarter. CCC Intelligent Solutions accounts for 2.0% of Crescent Park Management L.P.'s portfolio, making the stock its 15th biggest holding. Crescent Park Management L.P. owned about 0.07% of CCC Intelligent Solutions worth $5,093,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Eagle Bay Advisors LLC purchased a new position in shares of CCC Intelligent Solutions during the fourth quarter worth approximately $25,000. UMB Bank n.a. purchased a new position in CCC Intelligent Solutions during the 4th quarter worth $28,000. TD Private Client Wealth LLC bought a new stake in CCC Intelligent Solutions during the 4th quarter valued at $31,000. GAMMA Investing LLC lifted its holdings in shares of CCC Intelligent Solutions by 286.9% in the 4th quarter. GAMMA Investing LLC now owns 3,343 shares of the company's stock worth $39,000 after buying an additional 2,479 shares during the period. Finally, Financial Management Professionals Inc. bought a new position in shares of CCC Intelligent Solutions during the 4th quarter worth $54,000. Institutional investors own 95.79% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CCCS. Piper Sandler restated a "neutral" rating and issued a $11.00 price objective (down from $13.00) on shares of CCC Intelligent Solutions in a report on Wednesday, February 26th. JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $14.00 to $11.00 in a research report on Wednesday, February 26th. Finally, Barrington Research reiterated an "outperform" rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Monday, February 24th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.14.

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CCC Intelligent Solutions Stock Down 0.8 %

Shares of NYSE:CCCS traded down $0.07 during trading on Friday, reaching $8.52. The stock had a trading volume of 16,814,578 shares, compared to its average volume of 4,430,581. 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 has a market capitalization of $5.60 billion, a P/E ratio of 426.21 and a beta of 0.73. The firm's 50-day simple moving average is $9.98 and its 200 day simple moving average is $10.96. CCC Intelligent Solutions Holdings Inc. has a one year low of $8.25 and a one year high of $12.88.

CCC Intelligent Solutions announced that its board has approved a stock buyback program on Friday, December 20th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to purchase up to 4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 20,077 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $10.20, for a total value of $204,785.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eileen Schloss sold 34,055 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $8.98, for a total value of $305,813.90. Following the sale, the director now owns 54,047 shares in the company, valued at $485,342.06. The trade was a 38.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,087,456 shares of company stock worth $434,240,401 over the last three months. Corporate 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.