CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Sells $311,986.50 in Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Michael John Silva sold 29,022 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total transaction of $311,986.50. Following the completion of the sale, the insider now directly owns 30,172 shares in the company, valued at approximately $324,349. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

CCC Intelligent Solutions Price Performance

Shares of NYSE:CCCS traded up $0.14 during trading on Friday, reaching $10.94. The stock had a trading volume of 1,945,455 shares, compared to its average volume of 3,672,414. The stock has a market capitalization of $6.80 billion, a PE ratio of -52.14 and a beta of 0.62. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.79 and a quick ratio of 2.53. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $9.79 and a 52 week high of $13.41. The business’s 50-day moving average price is $10.94 and its 200 day moving average price is $11.31.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $232.60 million during the quarter, compared to analysts’ expectations of $230.16 million. CCC Intelligent Solutions had a return on equity of 5.16% and a net margin of 2.36%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm posted $0.02 EPS. As a group, equities analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CCCS has been the subject of several recent research reports. Barrington Research reissued an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Wednesday, July 31st. Bank of America assumed coverage on CCC Intelligent Solutions in a research note on Tuesday. They issued a “buy” rating and a $15.00 price objective on the stock. Finally, Jefferies Financial Group cut their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $13.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise increased its position in CCC Intelligent Solutions by 128.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock valued at $30,000 after acquiring an additional 1,424 shares in the last quarter. American International Group Inc. increased 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 in the last quarter. CWM LLC raised its position in CCC Intelligent Solutions by 352.6% in the 2nd quarter. CWM LLC now owns 3,105 shares of the company’s stock worth $34,000 after purchasing an additional 2,419 shares during the last quarter. Twin Tree Management LP bought a new position in CCC Intelligent Solutions in the 1st quarter worth approximately $53,000. Finally, Parkside Financial Bank & Trust acquired a new position in CCC Intelligent Solutions during the 4th quarter worth $99,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

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.