CCC Intelligent Solutions Holdings Inc. Common Stock Sees Unusually High Options Volume (NASDAQ:CCC)

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) was the target of some unusual options trading activity on Monday. Investors bought 4,407 call options on the company. This is an increase of approximately 469% compared to the typical volume of 774 call options.

Institutional Investors Weigh In On CCC Intelligent Solutions Holdings Inc. Common Stock

Several hedge funds have recently added to or reduced their stakes in CCC. Central Pacific Bank Trust Division grew its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 5.1% in the third quarter. Central Pacific Bank Trust Division now owns 47,800 shares of the company’s stock valued at $318,000 after acquiring an additional 2,320 shares in the last quarter. Wedmont Private Capital increased its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 22.9% during the second quarter. Wedmont Private Capital now owns 13,796 shares of the company’s stock worth $71,000 after purchasing an additional 2,568 shares during the period. Empowered Funds LLC increased its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 18.8% during the first quarter. Empowered Funds LLC now owns 22,519 shares of the company’s stock worth $135,000 after purchasing an additional 3,556 shares during the period. IFP Advisors Inc raised its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 99.9% in the second quarter. IFP Advisors Inc now owns 8,179 shares of the company’s stock valued at $42,000 after buying an additional 4,088 shares in the last quarter. Finally, Root Financial Partners LLC boosted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% in the first quarter. Root Financial Partners LLC now owns 4,858 shares of the company’s stock valued at $29,000 after buying an additional 4,644 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

CCC has been the topic of a number of analyst reports. Weiss Ratings raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Wall Street Zen cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Citigroup lifted their price objective on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the company a “neutral” rating in a report on Monday, August 3rd. Jefferies Financial Group set a $7.00 price objective on CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 30th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $9.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.12.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

Shares of CCC stock traded up $0.26 on Tuesday, reaching $7.85. 7,080,615 shares of the stock were exchanged, compared to its average volume of 11,594,768. The company has a market capitalization of $4.62 billion, a PE ratio of 98.14 and a beta of 0.47. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71. CCC Intelligent Solutions Holdings Inc. Common Stock has a one year low of $4.08 and a one year high of $9.45. The firm’s 50 day moving average price is $6.93.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%. The business had revenue of $285.93 million during the quarter. The company’s revenue was up 9.8% compared to the same quarter last year. On average, research analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current fiscal year.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services to the property and casualty insurance economy. Its platform helps insurers, collision repair facilities, automakers, parts suppliers and other participants manage automotive claims and related workflows more efficiently.

The company’s products support the claims lifecycle, including digital claim intake, damage estimating, vehicle repair management, total-loss processing, payments, customer communications and analytics.