Insider Selling: CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Sells 9,348 Shares of Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Githesh Ramamurthy sold 9,348 shares of CCC Intelligent Solutions stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $11.50, for a total transaction of $107,502.00. Following the sale, the insider now owns 4,798,040 shares of the company’s stock, valued at approximately $55,177,460. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, November 11th, Githesh Ramamurthy sold 8,805 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.50, for a total transaction of $101,257.50.

CCC Intelligent Solutions Stock Up 0.7 %

NYSE CCCS traded up $0.08 during trading on Tuesday, hitting $11.50. The stock had a trading volume of 3,128,331 shares, compared to its average volume of 3,401,323. The company has a market capitalization of $7.19 billion, a PE ratio of 571.00, a P/E/G ratio of 6.55 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $9.79 and a 12 month high of $12.68. The company’s 50-day moving average price is $10.87 and its two-hundred day moving average price is $10.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $238.48 million for the quarter, compared to analyst estimates of $237.41 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 EPS. As a group, sell-side analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Bank of America assumed coverage on shares of CCC Intelligent Solutions in a research note on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price objective on the stock. Jefferies Financial Group decreased their price target 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, July 31st. Barrington Research reissued an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Finally, Barclays decreased their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.56.

Institutional Investors Weigh In On CCC Intelligent Solutions

Large investors have recently added to or reduced their stakes in the business. Ghisallo Capital Management LLC bought a new position in CCC Intelligent Solutions in the second quarter worth approximately $132,917,000. Akre Capital Management LLC purchased a new position in shares of CCC Intelligent Solutions during the first quarter valued at approximately $83,720,000. Principal Financial Group Inc. boosted its position in shares of CCC Intelligent Solutions by 37.8% during the second quarter. Principal Financial Group Inc. now owns 25,250,230 shares of the company’s stock valued at $280,530,000 after buying an additional 6,921,161 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of CCC Intelligent Solutions during the second quarter valued at approximately $70,844,000. Finally, Van Berkom & Associates Inc. purchased a new position in shares of CCC Intelligent Solutions during the second quarter valued at approximately $61,605,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

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.