CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Bought by Summit Creek Advisors LLC

Summit Creek Advisors LLC raised its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCSGet Rating) by 291.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,061,177 shares of the company’s stock after acquiring an additional 790,354 shares during the quarter. Summit Creek Advisors LLC owned 0.17% of CCC Intelligent Solutions worth $11,715,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC acquired a new stake in CCC Intelligent Solutions in the first quarter valued at approximately $6,967,000. Psagot Value Holdings Ltd. Israel grew its position in shares of CCC Intelligent Solutions by 128.5% during the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 2,324 shares of the company’s stock worth $26,000 after buying an additional 1,307 shares in the last quarter. Privium Fund Management UK Ltd acquired a new stake in shares of CCC Intelligent Solutions during the fourth quarter worth approximately $189,000. Bluefin Capital Management LLC acquired a new stake in shares of CCC Intelligent Solutions during the fourth quarter worth approximately $139,000. Finally, Contour Asset Management LLC grew its position in shares of CCC Intelligent Solutions by 586.8% during the fourth quarter. Contour Asset Management LLC now owns 7,568,243 shares of the company’s stock worth $86,202,000 after buying an additional 6,466,345 shares in the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.

CCC Intelligent Solutions Stock Performance

Shares of CCCS opened at $9.99 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.30 and a quick ratio of 2.30. The stock has a market capitalization of $6.14 billion, a PE ratio of -24.97, a price-to-earnings-growth ratio of 1.41 and a beta of 0.86. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $7.41 and a 12-month high of $13.46. The business’s fifty day moving average price is $9.39 and its 200 day moving average price is $9.73.

CCC Intelligent Solutions (NYSE:CCCSGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. CCC Intelligent Solutions had a negative return on equity of 0.45% and a negative net margin of 29.61%. The firm had revenue of $186.82 million during the quarter, compared to analysts’ expectations of $183.35 million. Equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.29 EPS for the current year.

Wall Street Analysts Forecast Growth

CCCS has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised shares of CCC Intelligent Solutions from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Wednesday, July 13th. Jefferies Financial Group initiated coverage on shares of CCC Intelligent Solutions in a research report on Friday, July 8th. They set a “buy” rating and a $12.00 price target for the company. Finally, Bank of America started coverage on shares of CCC Intelligent Solutions in a research report on Friday, June 3rd. They set a “buy” rating and a $13.00 price target for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.83.

About CCC Intelligent Solutions

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CCC Intelligent Solutions Holdings Inc provides cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. It SaaS platform digitizes mission-critical AI-enabled workflows, facilitates commerce, and connects businesses across the insurance economy, including insurance carriers, collision repairers, parts suppliers, automotive manufactures, financial institution, and others.

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Institutional Ownership by Quarter for CCC Intelligent Solutions (NYSE:CCCS)

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