CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Githesh Ramamurthy Sells 55,488 Shares

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Githesh Ramamurthy sold 55,488 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $11.58, for a total transaction of $642,551.04. Following the transaction, the insider now directly owns 6,463,840 shares in the company, valued at approximately $74,851,267.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Githesh Ramamurthy also recently made the following trade(s):

• On Tuesday, June 25th, Githesh Ramamurthy sold 24,541 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.50, for a total transaction of $282,221.50.
• On Wednesday, May 22nd, Githesh Ramamurthy sold 1,000,000 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.78, for a total transaction of $11,780,000.00.
• On Wednesday, April 24th, Githesh Ramamurthy sold 57,619 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.52, for a total transaction of $663,770.88.
• On Monday, April 22nd, Githesh Ramamurthy sold 297 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.52, for a total transaction of $3,421.44.

CCC Intelligent Solutions Price Performance

NYSE:CCCS traded down $0.01 during trading hours on Monday, reaching $11.10. 6,835,160 shares of the company were exchanged, compared to its average volume of 3,669,616. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.43. The stock’s 50-day moving average is $11.31 and its 200-day moving average is $11.40. The firm has a market cap of $6.90 billion, a PE ratio of 92.58, a price-to-earnings-growth ratio of 5.33 and a beta of 0.62. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $10.32 and a twelve month high of $13.41.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $227.24 million for the quarter, compared to analyst estimates of $225.21 million. CCC Intelligent Solutions had a positive return on equity of 4.52% and a negative net margin of 10.85%. On average, sell-side analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CCC Intelligent Solutions

A number of hedge funds have recently modified their holdings of CCCS. Banque Cantonale Vaudoise grew its holdings in shares of CCC Intelligent Solutions by 128.4% in the first quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock valued at $30,000 after purchasing an additional 1,424 shares during the period. American International Group Inc. grew its holdings in shares of CCC Intelligent Solutions by 68.6% in the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after purchasing an additional 1,135 shares during the period. Park Place Capital Corp grew its holdings in shares of CCC Intelligent Solutions by 65.9% in the fourth quarter. Park Place Capital Corp now owns 4,175 shares of the company’s stock valued at $48,000 after purchasing an additional 1,659 shares during the period. Twin Tree Management LP purchased a new stake in shares of CCC Intelligent Solutions in the first quarter valued at about $53,000. Finally, Parkside Financial Bank & Trust purchased a new stake in shares of CCC Intelligent Solutions in the fourth quarter valued at about $99,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Evercore ISI lifted their price objective on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 13th. Barrington Research reiterated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $13.63.

About CCC Intelligent Solutions

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.