CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Mary Jo Prigge Sells 2,489 Shares

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Mary Jo Prigge sold 2,489 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $12.00, for a total value of $29,868.00. Following the sale, the insider now directly owns 97,268 shares of the company’s stock, valued at $1,167,216. The trade was a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

CCC Intelligent Solutions Stock Performance

CCCS opened at $11.77 on Friday. The stock’s 50 day simple moving average is $10.96 and its 200-day simple moving average is $11.00. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The stock has a market cap of $7.36 billion, a PE ratio of 588.50, a P/E/G ratio of 6.67 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $9.79 and a 1 year high of $12.68.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating 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 net margin of 5.02% and a return on equity of 5.35%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 EPS. Sell-side analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCCS. Dragoneer Investment Group LLC grew its stake in shares of CCC Intelligent Solutions by 31.5% in the 2nd quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock valued at $176,704,000 after purchasing an additional 3,809,200 shares during the period. Comerica Bank boosted its stake in CCC Intelligent Solutions by 103.1% in the 1st quarter. Comerica Bank now owns 774,261 shares of the company’s stock valued at $9,260,000 after buying an additional 392,966 shares in the last quarter. Swiss National Bank grew its position in CCC Intelligent Solutions by 14.5% in the first quarter. Swiss National Bank now owns 475,900 shares of the company’s stock valued at $5,692,000 after acquiring an additional 60,400 shares during the period. Harbor Capital Advisors Inc. raised its stake in CCC Intelligent Solutions by 200.1% during the second quarter. Harbor Capital Advisors Inc. now owns 203,543 shares of the company’s stock worth $2,261,000 after acquiring an additional 135,710 shares in the last quarter. Finally, Element Capital Management LLC bought a new position in shares of CCC Intelligent Solutions during the second quarter valued at $7,941,000. Institutional investors own 95.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CCCS. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th. JPMorgan Chase & Co. lowered their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Morgan Stanley raised CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $14.00 to $15.00 in a research report on Wednesday. Jefferies Financial Group decreased their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, Barclays dropped their price target on 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. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, CCC Intelligent Solutions has an average rating of “Moderate Buy” and an average target price of $13.78.

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.