CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Sells $900,750.00 in Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo sold 75,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $12.01, for a total value of $900,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Rodney Christo also recently made the following trade(s):

• On Thursday, November 14th, Rodney Christo sold 75,000 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.80, for a total value of $885,000.00.

CCC Intelligent Solutions Price Performance

Shares of NYSE CCCS traded up $0.13 during midday trading on Friday, reaching $12.47. 3,156,623 shares of the company were exchanged, compared to its average volume of 3,427,704. The stock’s 50-day moving average price is $11.07 and its 200-day moving average price is $11.03. The stock has a market cap of $7.80 billion, a P/E ratio of 617.31, a PEG ratio of 6.76 and a beta of 0.63. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a one year low of $9.79 and a one year high of $12.68.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CCCS. Barclays reduced their target price on 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. Barrington Research reissued an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions 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 increased their price target for the company from $14.00 to $15.00 in a report on Wednesday, November 13th. Jefferies Financial Group dropped their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. reduced their target price on shares of 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. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.78.

Hedge Funds Weigh In On CCC Intelligent Solutions

Several institutional investors have recently modified their holdings of CCCS. American International Group Inc. grew its position 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. Advisors Asset Management Inc. boosted its position in shares of CCC Intelligent Solutions by 153.0% in the third quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company’s stock valued at $32,000 after acquiring an additional 1,729 shares during the period. CWM LLC lifted its stake 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 in the last quarter. Huntington National Bank raised its position in shares of CCC Intelligent Solutions by 37.6% in the third quarter. Huntington National Bank now owns 5,852 shares of the company’s stock worth $65,000 after buying an additional 1,599 shares in the last quarter. Finally, Marco Investment Management LLC purchased a new position in shares of CCC Intelligent Solutions during the third quarter worth about $113,000. 95.79% of the stock is owned by 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.