CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Purchased by Barclays PLC

Barclays PLC grew its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 357.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 498,560 shares of the company's stock after acquiring an additional 389,540 shares during the period. Barclays PLC owned about 0.08% of CCC Intelligent Solutions worth $5,849,000 at the end of the most recent quarter.

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

CCC Intelligent Solutions Trading Down 0.2 %

Shares of CCCS stock opened at $8.97 on Friday. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.14 and a 1 year high of $12.88. The firm has a market capitalization of $5.91 billion, a PE ratio of 448.72 and a beta of 0.77. The stock has a fifty day moving average of $9.22 and a two-hundred day moving average of $10.71. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19.

Insider Activity at CCC Intelligent Solutions

In related news, CAO Rodney Christo sold 5,846 shares of CCC Intelligent Solutions stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $9.15, for a total transaction of $53,490.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eileen Schloss sold 27,478 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $8.60, for a total transaction of $236,310.80. Following the completion of the sale, the director now owns 26,569 shares in the company, valued at approximately $228,493.40. This trade represents a 50.84 % 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 worth $434,240,401 in the last 90 days. Corporate insiders own 6.03% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $14.00 to $11.00 in a report on Wednesday, February 26th. Piper Sandler reissued a "neutral" rating and issued a $11.00 target price (down previously from $13.00) on shares of CCC Intelligent Solutions in a report on Wednesday, February 26th. Barrington Research reaffirmed an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, February 24th. Barclays reduced their price objective on CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley dropped their target price on CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and four have assigned 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 a consensus price target of $12.57.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.