CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Sells $1,171,107.11 in Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Mary Jo Prigge sold 97,511 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $12.01, for a total transaction of $1,171,107.11. Following the completion of the sale, the insider now owns 97,268 shares in the company, valued at approximately $1,168,188.68. This trade represents a 50.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Mary Jo Prigge also recently made the following trade(s):

• On Wednesday, November 13th, Mary Jo Prigge sold 2,489 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $12.00, for a total value of $29,868.00.

CCC Intelligent Solutions Price Performance

NYSE:CCCS opened at $12.47 on Monday. 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 stock has a market cap of $7.80 billion, a P/E ratio of 623.50, a PEG ratio of 7.08 and a beta of 0.63. The company has a fifty day moving average price of $11.10 and a 200 day moving average price of $11.04. 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 announced its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $238.48 million during the quarter, compared to analysts’ expectations of $237.41 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.03 EPS. Analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

Institutional Trading of CCC Intelligent Solutions

Several institutional investors have recently bought and sold shares of CCCS. American International Group Inc. lifted its holdings in shares of CCC Intelligent Solutions by 68.6% during the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after acquiring an additional 1,135 shares during the period. Amalgamated Bank increased its position in shares of CCC Intelligent Solutions by 5.8% during the 3rd quarter. Amalgamated Bank now owns 23,722 shares of the company’s stock worth $262,000 after purchasing an additional 1,299 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in CCC Intelligent Solutions by 2.1% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 67,047 shares of the company’s stock valued at $745,000 after purchasing an additional 1,390 shares during the last quarter. Hardy Reed LLC raised its stake in shares of CCC Intelligent Solutions by 7.1% in the third quarter. Hardy Reed LLC now owns 21,540 shares of the company’s stock valued at $238,000 after acquiring an additional 1,430 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in CCC Intelligent Solutions by 15.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock valued at $132,000 after purchasing an additional 1,564 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analysts Set New Price Targets

CCCS has been the subject of a number of research reports. 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 report on Wednesday, July 31st. Bank of America began coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price objective on the stock. Morgan Stanley upgraded shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $14.00 to $15.00 in a research report on Wednesday, November 13th. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. decreased their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.78.

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.