Advantage Alpha Capital Partners LP Sells 141,205 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Advantage Alpha Capital Partners LP decreased its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 23.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 460,100 shares of the company's stock after selling 141,205 shares during the period. Advantage Alpha Capital Partners LP owned 0.07% of CCC Intelligent Solutions worth $5,084,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ghisallo Capital Management LLC purchased a new position in shares of CCC Intelligent Solutions in the 2nd quarter worth about $132,917,000. Principal Financial Group Inc. boosted its stake in CCC Intelligent Solutions by 37.8% in the second quarter. Principal Financial Group Inc. now owns 25,250,230 shares of the company's stock valued at $280,530,000 after acquiring an additional 6,921,161 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of CCC Intelligent Solutions during the 2nd quarter valued at approximately $70,844,000. Van Berkom & Associates Inc. purchased a new stake in shares of CCC Intelligent Solutions during the 2nd quarter worth approximately $61,605,000. Finally, Vanguard Group Inc. raised its holdings in shares of CCC Intelligent Solutions by 17.7% in the 1st quarter. Vanguard Group Inc. now owns 28,034,997 shares of the company's stock worth $335,299,000 after purchasing an additional 4,225,920 shares during the period. Hedge funds and other institutional investors own 95.79% of the company's stock.

Insider Activity

In other news, CAO Rodney Christo sold 75,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $11.80, for a total transaction of $885,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Githesh Ramamurthy sold 9,348 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $11.50, for a total value of $107,502.00. Following the transaction, the insider now directly owns 4,798,040 shares in the company, valued at approximately $55,177,460. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 268,153 shares of company stock worth $3,195,485. 6.67% of the stock is currently owned by insiders.

CCC Intelligent Solutions Price Performance

CCC Intelligent Solutions stock traded down $0.12 during midday trading on Tuesday, reaching $12.62. 2,531,651 shares of the stock were exchanged, compared to its average volume of 3,425,426. The company's fifty day moving average is $11.14 and its 200-day moving average is $11.06. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $9.79 and a 52 week high of $12.83. The firm has a market cap of $7.89 billion, a PE ratio of 631.32, a PEG ratio of 6.87 and a beta of 0.63.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The firm had revenue of $238.48 million for the quarter, compared to analysts' expectations of $237.41 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share. The business's quarterly revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Morgan Stanley raised CCC Intelligent Solutions from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $14.00 to $15.00 in a report on Wednesday, November 13th. JPMorgan Chase & Co. decreased their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an "overweight" rating for the company in a report on Tuesday, October 29th. Barclays lowered their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 29th. Barrington Research reiterated an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Finally, Bank of America initiated coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a "buy" rating and a $15.00 price target on the stock. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $13.78.

CCC Intelligent Solutions 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.