CCCS (CCC Intelligent Solutions Holdings Inc.) may reap gains as insiders became active recently


CCC Intelligent Solutions Holdings Inc.’s filing revealed that its See Remarks PRIGGE MARY JO unloaded Company’s shares for reported $7167.0 on Dec 21. In the deal valued at $9.00 per share,796 shares were sold. As a result of this transaction, PRIGGE MARY JO now holds 0 shares worth roughly $ 0.0.

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Then, PRIGGE MARY JO sold 17,085 shares, generating $154,612 in total proceeds. Upon selling the shares at $9.05, the See Remarks now owns 0 shares.

Before that, PRIGGE MARY JO sold 51,546 shares. CCC Intelligent Solutions Holdings Inc. shares valued at $465,326 were divested by the See Remarks at a price of $9.03 per share. As a result of the transaction, PRIGGE MARY JO now holds 0 shares, worth roughly $0.0.

Barclays initiated its CCC Intelligent Solutions Holdings Inc. [CCCS] rating to an Equal weight in a research note published on Monday, October 21, 2022; the price target was $10. PT values the company’s stock at a premium of 14.0 to its Monday closing price. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in early August with a ‘”a Neutral”‘ rating. Goldman also remained covering CCCS and has increased its forecast on July 13, 2022 with a “Buy” recommendation from previously “Neutral” rating. Jefferies started covering the stock on July 08, 2022. It rated CCCS as “a Buy”.

Price Performance Review of CCCS

On Monday, CCC Intelligent Solutions Holdings Inc. [NASDAQ:CCCS] saw its stock jump 1.78% to $8.60. On the same session, the stock had its day’s lowest price of $8.33, but rose to a high of $8.775. Over the last five days, the stock has lost -3.15%. CCC Intelligent Solutions Holdings Inc. shares have fallen nearly -1.15% since the year began. Nevertheless, the stocks have fallen -23.49% over the past one year. While a 52-week high of $11.54 was reached on 02/02/23, a 52-week low of $7.41 was recorded on 01/11/23. SMA at 50 days reached $8.94, while 200 days put it at $9.12. A total of 1.01 million shares were traded, compared to the trading of 1.24 million shares in the previous session.

Levels Of Support And Resistance For CCCS Stock

The 24-hour chart illustrates a support level at 8.36, which if violated will result in even more drops to 8.12. On the upside, there is a resistance level at 8.81. A further resistance level may holdings at 9.01. The Relative Strength Index (RSI) on the 14-day chart is 38.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.60%. Stochastics %K at 14.25% indicates the stock is a buying.

CCC Intelligent Solutions Holdings Inc. [CCCS] – Who Are The Largest Shareholders?

In filings from T. Rowe Price Investment Manageme, it is revealed that the company now owns 29,864,967 shares, or roughly 4.81% of the outstanding CCCS shares. In other words, the investor’s shares have risen by 108,949 from its previous 13-F filing of 29756018.0. Additionally, The Vanguard Group, Inc. increased 2.33% of its stake after which the total value it holdings stand at $120,447,936, while Capital Research & Management Co reduced -8.66% of its stake to hold $78.89 million in the firm. Over the last quarter, Contour Asset Management LLC sold -753,943 shares of CCC Intelligent Solutions Holdings Inc., while Janus Henderson Investors US LLC sold -893,687 shares. At present, BlackRock Fund Advisors is holding 5,500,318 shares valued at $49.28 million. Vista Wealth Management Group LLC owned 4,725,000 shares of the company at the time of its most recent 13F filing, worth $42.34 million.

According to FactSet, CCC Intelligent Solutions Holdings Inc.’s share price will average $11.78 in the next year, based on opinions of analysts polled by the firm. This is up nearly 42.01 percent from its previous closing price of $8.45. Analysts expect CCC Intelligent Solutions Holdings Inc. stock to reach the higher price of $15.00, while the lowest price estimate is $10.00. However, 10 analysts have rated CCCS stock as an Overweight in their predictions for 2023. The most recent change occurred on June 03, 2022 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $13 price target.


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