CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Sells $42,772.48 in Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo sold 4,177 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total transaction of $42,772.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

CCC Intelligent Solutions Price Performance

NYSE:CCCS opened at $10.22 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.79 and a quick ratio of 2.53. The firm’s 50-day moving average price is $11.25 and its 200-day moving average price is $11.37. The company has a market capitalization of $6.37 billion, a PE ratio of -48.67 and a beta of 0.62. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $9.97 and a 1-year high of $13.41.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. CCC Intelligent Solutions had a net margin of 2.36% and a return on equity of 5.16%. The business had revenue of $232.60 million for the quarter, compared to analysts’ expectations of $230.16 million. During the same quarter in the prior year, the company earned $0.02 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. On average, equities analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CCCS has been the topic of a number of analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Wednesday. Jefferies Financial Group decreased their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.63.

Institutional Investors Weigh In On CCC Intelligent Solutions

Several hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of CCC Intelligent Solutions by 25.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,181,338 shares of the company’s stock valued at $24,845,000 after acquiring an additional 435,866 shares in the last quarter. Trexquant Investment LP purchased a new position in CCC Intelligent Solutions in the fourth quarter worth about $2,059,000. Teca Partners LP lifted its stake in shares of CCC Intelligent Solutions by 16.7% in the fourth quarter. Teca Partners LP now owns 1,325,345 shares of the company’s stock worth $15,096,000 after buying an additional 189,677 shares in the last quarter. Sei Investments Co. grew its holdings in shares of CCC Intelligent Solutions by 15.3% during the first quarter. Sei Investments Co. now owns 1,887,533 shares of the company’s stock valued at $22,575,000 after buying an additional 250,314 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in CCC Intelligent Solutions in the 1st quarter worth approximately $4,086,000. 95.79% of the stock is owned by institutional investors.

CCC Intelligent Solutions Company 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.