Insider Selling: CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Sells $1,010,664.48 in Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Mary Jo Prigge sold 80,724 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $12.52, for a total transaction of $1,010,664.48. Following the completion of the sale, the insider now directly owns 97,268 shares of the company’s stock, valued at approximately $1,217,795.36. This represents a 45.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Mary Jo Prigge also recently made the following trade(s):

• On Monday, November 25th, Mary Jo Prigge sold 19,276 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $12.67, for a total transaction of $244,226.92.
• On Wednesday, November 20th, Mary Jo Prigge sold 97,511 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $12.01, for a total transaction of $1,171,107.11.
• On Wednesday, November 13th, Mary Jo Prigge sold 2,489 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $12.00, for a total transaction of $29,868.00.

CCC Intelligent Solutions Stock Down 0.1 %

Shares of CCCS stock opened at $12.61 on Friday. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $9.79 and a 12 month high of $12.83. The stock has a market cap of $7.89 billion, a P/E ratio of 630.50, a P/E/G ratio of 7.02 and a beta of 0.63. 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 company has a 50 day simple moving average of $11.21 and a two-hundred day simple moving average of $11.08.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $238.48 million during the quarter, compared to analysts’ expectations of $237.41 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 earnings per share. On average, research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Institutional Trading of CCC Intelligent Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. boosted its position in shares of CCC Intelligent Solutions by 153.0% during the third quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company’s stock worth $32,000 after acquiring an additional 1,729 shares during the last quarter. American International Group Inc. boosted its position in shares of CCC Intelligent Solutions by 68.6% during the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock worth $33,000 after acquiring an additional 1,135 shares during the last quarter. CWM LLC boosted its position in shares of CCC Intelligent Solutions by 352.6% during the second quarter. CWM LLC now owns 3,105 shares of the company’s stock worth $34,000 after acquiring an additional 2,419 shares during the last quarter. Huntington National Bank boosted its position in shares of CCC Intelligent Solutions by 37.6% during the third quarter. Huntington National Bank now owns 5,852 shares of the company’s stock worth $65,000 after acquiring an additional 1,599 shares during the last quarter. Finally, Marco Investment Management LLC bought a new position in shares of CCC Intelligent Solutions during the third quarter worth $113,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CCCS has been the subject of a number of recent research reports. Barrington Research reissued an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lowered their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Morgan Stanley raised shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $14.00 to $15.00 in a report on Wednesday, November 13th. Barclays decreased their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Finally, Bank of America initiated coverage on shares of CCC Intelligent Solutions in a report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 target price for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.