61,930 Shares in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Acquired by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,930 shares of the company’s stock, valued at approximately $726,000.

Other large investors also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky grew its holdings in shares of CCC Intelligent Solutions by 45.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 165,040 shares of the company’s stock worth $1,824,000 after purchasing an additional 51,607 shares during the period. Norman Fields Gottscho Capital Management LLC grew its stake in CCC Intelligent Solutions by 34.5% during the fourth quarter. Norman Fields Gottscho Capital Management LLC now owns 397,489 shares of the company’s stock worth $4,663,000 after buying an additional 101,885 shares during the period. Barclays PLC increased its position in shares of CCC Intelligent Solutions by 155.7% in the third quarter. Barclays PLC now owns 109,020 shares of the company’s stock worth $1,205,000 after acquiring an additional 66,386 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of CCC Intelligent Solutions by 1,355.0% in the 3rd quarter. HighTower Advisors LLC now owns 602,797 shares of the company’s stock valued at $6,662,000 after acquiring an additional 561,367 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of CCC Intelligent Solutions by 23.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 453,911 shares of the company’s stock valued at $5,016,000 after acquiring an additional 85,725 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Trading Down 0.8 %

NYSE:CCCS opened at $8.52 on Friday. CCC Intelligent Solutions Holdings Inc. has a one year low of $8.25 and a one year high of $12.88. The business’s 50-day simple moving average is $9.98 and its 200 day simple moving average is $10.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 426.21 and a beta of 0.77.

CCC Intelligent Solutions announced that its Board of Directors has initiated a stock buyback plan on Friday, December 20th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to buy up to 4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at CCC Intelligent Solutions

In other news, CAO Rodney Christo sold 20,077 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $10.20, for a total value of $204,785.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eileen Schloss sold 27,478 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 42,087,456 shares of company stock valued at $434,240,401 in the last three months. Corporate insiders own 6.67% of the company’s stock.

Analysts Set New Price Targets

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

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.