144,607 CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Shares Sold by Summit Creek Advisors LLC

Summit Creek Advisors LLC decreased its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 16.2% in the third quarter, HoldingsChannel reports. The firm owned 745,935 shares of the company’s stock after selling 144,607 shares during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock accounts for 2.0% of Summit Creek Advisors LLC’s portfolio, making the stock its 26th biggest position. Summit Creek Advisors LLC’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $4,968,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Nykredit A S acquired a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 2nd quarter worth approximately $26,000. Essential Partners LLC purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth approximately $38,000. Parallel Advisors LLC lifted its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 46.1% during the 3rd quarter. Parallel Advisors LLC now owns 6,038 shares of the company’s stock valued at $40,000 after acquiring an additional 1,904 shares during the period. IFP Advisors Inc lifted its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 99.9% during the 2nd quarter. IFP Advisors Inc now owns 8,179 shares of the company’s stock valued at $42,000 after acquiring an additional 4,088 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the 2nd quarter valued at approximately $53,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Up 0.1%

CCC Intelligent Solutions Holdings Inc. Common Stock stock opened at $7.68 on Friday. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 59.08, a price-to-earnings-growth ratio of 2.83 and a beta of 0.38. CCC Intelligent Solutions Holdings Inc. Common Stock has a 52 week low of $4.08 and a 52 week high of $8.68. The business’s 50-day moving average price is $7.16 and its 200 day moving average price is $6.08. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.07. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 9.11% and a net margin of 6.54%. The company had revenue of $294.09 million during the quarter. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CCC shares. Jefferies Financial Group downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating and set a $7.75 price objective on the stock. in a report on Thursday, October 15th. Truist Financial set a $7.75 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Friday, October 16th. William Blair downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 15th. Weiss Ratings raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, CJS Securities lowered shares of CCC Intelligent Solutions Holdings Inc. Common Stock to a “market perform” rating in a report on Friday, October 16th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.79.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services for the property and casualty insurance economy. Its platform helps insurers, automotive repairers, automakers, parts suppliers and other industry participants manage vehicle claims and related workflows.

The company’s products support collision estimating, claims management, digital imaging, repair planning, payments, parts and supplier connectivity, and data-driven decision-making. CCC also uses artificial intelligence, analytics and automation to help customers improve claims processing, estimate vehicle damage, coordinate repairs and communicate with policyholders and service providers.

CCC’s business grew from CCC Information Services, a company established in 1980 to provide information and technology solutions to the automotive insurance and repair industries.