CCC Intelligent Solutions Holdings is exploring a potential sale and has engaged Morgan Stanley to advise on the process, according to a Reuters report citing three people familiar with the discussions. The Illinois-based SaaS company, which provides cloud and AI applications for the property and casualty insurance industry, has drawn attention from analysts who see it as undervalued. Earlier in July, Stifel analyst Shlomo Rosenbaum suggested the CEO should consider taking the company private, citing an underappreciated moat, network effect, and AI tailwind at a low valuation. Stifel maintains a Buy rating and a $9 price target on the stock.
CCC Intelligent Solutions Holdings Inc.Company is exploring a potential sale, which typically leads to a premium for shareholders.
Datadog Inc
Morgan StanleyMorgan Stanley has been engaged as advisor, generating advisory fees.
Stifel Financial Corporation