EntryPoint Capital LLC Has $299,000 Stock Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

EntryPoint Capital LLC raised its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 33.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,453 shares of the company’s stock after buying an additional 6,342 shares during the quarter. EntryPoint Capital LLC’s holdings in CCC Intelligent Solutions were worth $299,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CCCS. Segall Bryant & Hamill LLC lifted its stake in shares of CCC Intelligent Solutions by 3.6% in the fourth quarter. Segall Bryant & Hamill LLC now owns 1,402,390 shares of the company’s stock valued at $16,450,000 after buying an additional 48,399 shares during the period. Cannon Global Investment Management LLC lifted its position in shares of CCC Intelligent Solutions by 5.9% in the 4th quarter. Cannon Global Investment Management LLC now owns 54,000 shares of the company’s stock worth $633,000 after acquiring an additional 3,000 shares during the period. Summit Creek Advisors LLC grew its holdings in shares of CCC Intelligent Solutions by 0.3% during the 4th quarter. Summit Creek Advisors LLC now owns 2,142,150 shares of the company’s stock worth $25,127,000 after purchasing an additional 6,403 shares in the last quarter. Vanguard Group Inc. increased its position in shares of CCC Intelligent Solutions by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 51,387,172 shares of the company’s stock valued at $602,772,000 after purchasing an additional 847,334 shares during the period. Finally, LPL Financial LLC raised its stake in shares of CCC Intelligent Solutions by 290.4% in the fourth quarter. LPL Financial LLC now owns 156,577 shares of the company’s stock valued at $1,837,000 after purchasing an additional 116,474 shares in the last quarter. 95.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on CCCS. JPMorgan Chase & Co. downgraded shares of CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $14.00 to $11.00 in a research note 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 research note on Wednesday, February 26th. Finally, Barrington Research restated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.14.

Insider Transactions at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 5,846 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $9.15, for a total transaction of $53,490.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Eric Wei sold 42,000,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $10.32, for a total transaction of $433,440,000.00. Following the transaction, the director now owns 2,258,343 shares in the company, valued at $23,306,099.76. The trade was a 94.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,059,978 shares of company stock valued at $434,004,090. Corporate insiders own 6.67% of the company’s stock.

CCC Intelligent Solutions Trading Down 0.4 %

Shares of CCC Intelligent Solutions stock opened at $9.07 on Friday. The stock has a market capitalization of $5.96 billion, a P/E ratio of 453.73 and a beta of 0.73. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.83 and a 12-month high of $12.88. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The company has a 50-day simple moving average of $10.29 and a 200 day simple moving average of $11.04.

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

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.