Coldstream Capital Management Inc. Grows Stock Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Coldstream Capital Management Inc. grew its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,494 shares of the company’s stock after purchasing an additional 2,258 shares during the period. Coldstream Capital Management Inc.’s holdings in CCC Intelligent Solutions were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Baker Tilly Wealth Management LLC lifted its position in shares of CCC Intelligent Solutions by 6.6% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 14,386 shares of the company’s stock worth $169,000 after purchasing an additional 888 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in shares of CCC Intelligent Solutions by 6.1% in the fourth quarter. Central Pacific Bank Trust Division now owns 16,760 shares of the company’s stock worth $197,000 after acquiring an additional 960 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of CCC Intelligent Solutions by 5.9% during the fourth quarter. CIBC Asset Management Inc now owns 19,046 shares of the company’s stock worth $223,000 after acquiring an additional 1,054 shares during the period. Berry Wealth Group LP raised its stake in shares of CCC Intelligent Solutions by 5.8% in the fourth quarter. Berry Wealth Group LP now owns 20,224 shares of the company’s stock valued at $237,000 after acquiring an additional 1,109 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in CCC Intelligent Solutions by 1.0% in the fourth quarter. Arizona State Retirement System now owns 117,507 shares of the company’s stock valued at $1,378,000 after purchasing an additional 1,150 shares during the period. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock opened at $9.26 on Friday. The stock’s 50-day moving average is $9.10 and its two-hundred day moving average is $10.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.14 and a 1 year high of $12.88. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 463.23 and a beta of 0.77.

Insider Activity at CCC Intelligent Solutions

In related news, CAO Rodney Christo sold 20,077 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $10.20, for a total transaction of $204,785.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric Wei sold 42,000,000 shares of the business’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 value 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 position. The disclosure for this sale can be found here. Insiders sold a total of 42,087,456 shares of company stock valued at $434,240,401 in the last three months. 6.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CCCS shares. JPMorgan Chase & Co. lowered CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $14.00 to $11.00 in a research report on Wednesday, February 26th. Morgan Stanley lowered their price target on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Barclays reduced their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Monday, February 24th. Finally, Piper Sandler restated a “neutral” rating and issued a $11.00 price target (down from $13.00) on shares of CCC Intelligent Solutions in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.57.

CCC Intelligent Solutions 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.