Insider Selling: CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Sells 9,916 Shares of Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo sold 9,916 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $12.67, for a total value of $125,635.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, November 22nd, Rodney Christo sold 65,084 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $12.52, for a total transaction of $814,851.68.
• On Wednesday, November 20th, Rodney Christo sold 75,000 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $12.01, for a total transaction of $900,750.00.
• On Thursday, November 14th, Rodney Christo sold 75,000 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.80, for a total transaction of $885,000.00.

CCC Intelligent Solutions Stock Down 0.1 %

NYSE:CCCS opened at $12.61 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The company’s fifty day moving average price is $11.18 and its 200-day moving average price is $11.07. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $9.79 and a 1-year high of $12.83. The firm has a market capitalization of $7.89 billion, a P/E ratio of 630.82, a PEG ratio of 7.02 and a beta of 0.63.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $238.48 million during 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 company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. As a group, equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on CCCS. Morgan Stanley raised shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $14.00 to $15.00 in a report on Wednesday, November 13th. Barrington Research restated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Jefferies Financial Group decreased their price objective 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. JPMorgan Chase & Co. dropped their target price on shares of 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. Finally, Barclays decreased their price target 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. Two research 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 an average rating of “Moderate Buy” and a consensus target price of $13.78.

Institutional Investors Weigh In On CCC Intelligent Solutions

Hedge funds have recently bought and sold shares of the stock. Synovus Financial Corp boosted its stake in shares of CCC Intelligent Solutions by 1.6% during the 3rd quarter. Synovus Financial Corp now owns 228,404 shares of the company’s stock worth $2,524,000 after acquiring an additional 3,627 shares in the last quarter. Tidal Investments LLC purchased a new stake in CCC Intelligent Solutions in the 3rd quarter worth $117,000. Sanctuary Advisors LLC acquired a new position in CCC Intelligent Solutions during the third quarter worth $136,000. Barclays PLC lifted its holdings in CCC Intelligent Solutions by 155.7% during the third quarter. Barclays PLC now owns 109,020 shares of the company’s stock valued at $1,205,000 after purchasing an additional 66,386 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of CCC Intelligent Solutions by 45.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 165,040 shares of the company’s stock valued at $1,824,000 after purchasing an additional 51,607 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

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.