CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Sells $885,000.00 in Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo sold 75,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $11.80, for a total transaction of $885,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

CCC Intelligent Solutions Price Performance

NYSE CCCS traded down $0.16 on Monday, hitting $11.61. The stock had a trading volume of 3,129,469 shares, compared to its average volume of 3,430,559. The firm has a 50-day moving average of $10.96 and a 200-day moving average of $11.00. The company has a market capitalization of $7.26 billion, a price-to-earnings ratio of 581.79, a price-to-earnings-growth ratio of 6.76 and a beta of 0.63. 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 Holdings Inc. has a 52-week low of $9.79 and a 52-week high of $12.68.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings data 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. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company had revenue of $238.48 million for the quarter, compared to analysts’ expectations of $237.41 million. During the same period in the prior year, the business earned $0.03 earnings per share. CCC Intelligent Solutions’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

Wall Street Analyst Weigh In

CCCS has been the topic of a number of research reports. Morgan Stanley upgraded CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $14.00 to $15.00 in a research note on Wednesday, November 13th. JPMorgan Chase & Co. cut their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Barclays dropped their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Jefferies Financial Group cut their target price on shares of 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. Finally, Bank of America began coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, CCC Intelligent Solutions has an average rating of “Moderate Buy” and an average target price of $13.78.

Hedge Funds Weigh In On CCC Intelligent Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of CCCS. Vanguard Group Inc. boosted its stake in CCC Intelligent Solutions by 17.7% in the first quarter. Vanguard Group Inc. now owns 28,034,997 shares of the company’s stock worth $335,299,000 after buying an additional 4,225,920 shares in the last quarter. Principal Financial Group Inc. raised its position in CCC Intelligent Solutions by 4.9% in the 3rd quarter. Principal Financial Group Inc. now owns 26,484,511 shares of the company’s stock worth $292,654,000 after purchasing an additional 1,234,281 shares during the period. Dragoneer Investment Group LLC lifted its stake in CCC Intelligent Solutions by 31.5% in the second quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock worth $176,704,000 after purchasing an additional 3,809,200 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of CCC Intelligent Solutions by 49.1% during the third quarter. Wasatch Advisors LP now owns 14,331,030 shares of the company’s stock valued at $158,358,000 after buying an additional 4,716,587 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of CCC Intelligent Solutions by 7.4% in the 1st quarter. Janus Henderson Group PLC now owns 12,469,424 shares of the company’s stock valued at $149,133,000 after acquiring an additional 857,110 shares during the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

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.