Insider Selling: CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Sells 20,887 Shares of Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Brian Herb sold 20,887 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total value of $213,882.88. Following the completion of the transaction, the insider now directly owns 217,872 shares in the company, valued at approximately $2,231,009.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

CCC Intelligent Solutions Stock Down 0.4 %

Shares of NYSE CCCS traded down $0.04 during mid-day trading on Thursday, reaching $10.22. 9,418,653 shares of the company’s stock were exchanged, compared to its average volume of 3,803,769. The business has a fifty day simple moving average of $11.29 and a 200 day simple moving average of $11.37. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $10.05 and a twelve month high of $13.41. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of -48.67 and a beta of 0.62. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.43.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $232.60 million for the quarter, compared to analyst estimates of $230.16 million. CCC Intelligent Solutions had a return on equity of 5.17% and a net margin of 2.36%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.02 EPS. As a group, equities analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in shares of CCC Intelligent Solutions by 25.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,181,338 shares of the company’s stock worth $24,845,000 after purchasing an additional 435,866 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of CCC Intelligent Solutions during the 4th quarter worth approximately $2,059,000. Teca Partners LP boosted its stake in shares of CCC Intelligent Solutions by 16.7% during the 4th quarter. Teca Partners LP now owns 1,325,345 shares of the company’s stock worth $15,096,000 after acquiring an additional 189,677 shares during the period. Sei Investments Co. boosted its stake in shares of CCC Intelligent Solutions by 15.3% during the 1st quarter. Sei Investments Co. now owns 1,887,533 shares of the company’s stock worth $22,575,000 after acquiring an additional 250,314 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in shares of CCC Intelligent Solutions during the 1st quarter worth approximately $4,086,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

CCCS has been the topic of several recent research reports. Jefferies Financial Group decreased their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday. Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.56.

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.