Insider Selling: CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Director Sells 24,973,795 Shares of Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Director International L.P. Advent sold 24,973,795 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $11.30, for a total value of $282,203,883.50. Following the transaction, the director now owns 3,232,721 shares in the company, valued at $36,529,747.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

International L.P. Advent also recently made the following trade(s):

• On Thursday, May 30th, International L.P. Advent sold 41,622,992 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.43, for a total value of $475,750,798.56.

CCC Intelligent Solutions Stock Up 0.4 %

CCCS stock opened at $11.10 on Thursday. The stock has a market capitalization of $6.90 billion, a P/E ratio of -52.86, a PEG ratio of 5.33 and a beta of 0.62. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.53 and a current ratio of 2.53. CCC Intelligent Solutions Holdings Inc. has a one year low of $10.32 and a one year high of $13.41. The company has a 50 day moving average price of $11.29 and a two-hundred day moving average price of $11.39.

CCC Intelligent Solutions (NYSE:CCCS) last released its earnings results on Tuesday, April 30th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $227.24 million during the quarter, compared to analysts’ expectations of $225.21 million. CCC Intelligent Solutions had a positive return on equity of 4.52% and a negative net margin of 10.85%. As a group, sell-side analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CCCS. Evercore ISI raised their price objective on CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.63.

Institutional Investors Weigh In On CCC Intelligent Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in CCC Intelligent Solutions by 17.7% during the first quarter. Vanguard Group Inc. now owns 28,034,997 shares of the company’s stock worth $335,299,000 after acquiring an additional 4,225,920 shares during the period. Principal Financial Group Inc. raised its stake in CCC Intelligent Solutions by 144,359.9% during the first quarter. Principal Financial Group Inc. now owns 18,329,069 shares of the company’s stock worth $219,216,000 after acquiring an additional 18,316,381 shares during the period. Janus Henderson Group PLC raised its stake in CCC Intelligent Solutions by 7.4% during the first quarter. Janus Henderson Group PLC now owns 12,469,424 shares of the company’s stock worth $149,133,000 after acquiring an additional 857,110 shares during the period. Brown Advisory Inc. raised its stake in CCC Intelligent Solutions by 128.7% during the fourth quarter. Brown Advisory Inc. now owns 10,436,353 shares of the company’s stock worth $118,870,000 after acquiring an additional 5,873,823 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in CCC Intelligent Solutions by 59.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,312,688 shares of the company’s stock worth $123,340,000 after acquiring an additional 3,861,020 shares during the period. Institutional investors and hedge funds 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.