CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Michael John Silva Sells 29,022 Shares of Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Michael John Silva sold 29,022 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $10.75, for a total transaction of $311,986.50. Following the sale, the insider now directly owns 30,172 shares of the company’s stock, valued at $324,349. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

CCC Intelligent Solutions Trading Up 1.3 %

NYSE:CCCS opened at $10.94 on Friday. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $9.79 and a 52 week high of $13.41. The company has a quick ratio of 2.53, a current ratio of 2.79 and a debt-to-equity ratio of 0.40. The company has a market cap of $6.80 billion, a PE ratio of -52.10 and a beta of 0.62. The business’s 50 day moving average is $10.94 and its two-hundred day moving average is $11.31.

CCC Intelligent Solutions (NYSE:CCCS) last issued its 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 5.16% and a net margin of 2.36%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the company earned $0.02 earnings per share. On average, analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.15 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Wednesday, July 31st. Jefferies Financial Group decreased their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Bank of America started coverage on shares of CCC Intelligent Solutions in a research note on Tuesday. They set a “buy” rating and a $15.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $13.78.

Institutional Investors Weigh In On CCC Intelligent Solutions

Several large investors have recently modified their holdings of the stock. Banque Cantonale Vaudoise lifted its stake in CCC Intelligent Solutions by 128.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock worth $30,000 after acquiring an additional 1,424 shares in the last quarter. American International Group Inc. grew its holdings in CCC Intelligent Solutions by 68.6% in the 1st quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after buying an additional 1,135 shares during the last quarter. CWM LLC raised its stake in CCC Intelligent Solutions by 352.6% during the 2nd quarter. CWM LLC now owns 3,105 shares of the company’s stock valued at $34,000 after purchasing an additional 2,419 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of CCC Intelligent Solutions during the first quarter valued at about $53,000. Finally, Parkside Financial Bank & Trust bought a new stake in shares of CCC Intelligent Solutions in the 4th quarter worth approximately $99,000. 95.79% of the stock is owned by institutional investors.

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.