Riverbridge Partners LLC Lowers Holdings in CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

Riverbridge Partners LLC decreased its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 12.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,481,084 shares of the company’s stock after selling 639,396 shares during the quarter. Riverbridge Partners LLC owned approximately 0.76% of CCC Intelligent Solutions Holdings Inc. Common Stock worth $26,887,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Evolve Private Wealth LLC purchased a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter worth about $116,000. Krilogy Financial LLC purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at about $215,000. Finally, SG Americas Securities LLC purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at about $3,254,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Up 2.1%

Shares of CCC opened at $4.38 on Wednesday. The firm has a market capitalization of $2.57 billion, a P/E ratio of 73.01 and a beta of 0.53. CCC Intelligent Solutions Holdings Inc. Common Stock has a twelve month low of $4.08 and a twelve month high of $10.50. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.73. The company has a 50 day moving average price of $4.82.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.05 by $0.06. The firm had revenue of $281.27 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 6.08% and a net margin of 3.18%.The company’s revenue was up 11.8% on a year-over-year basis. On average, sell-side analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Citigroup cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $10.00 to $6.00 in a research report on Friday, April 10th. Wall Street Zen raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $8.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Saturday, May 9th. Finally, Barrington Research reiterated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $9.33.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company’s SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services.