Insider Selling: CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Sells 65,084 Shares of Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo sold 65,084 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $12.52, for a total value of $814,851.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, November 25th, Rodney Christo sold 9,916 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $12.67, for a total transaction of $125,635.72.
• On Wednesday, November 20th, Rodney Christo sold 75,000 shares of CCC Intelligent Solutions stock. The stock was 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 shares were sold at an average price of $11.80, for a total transaction of $885,000.00.

CCC Intelligent Solutions Stock Performance

NYSE CCCS opened at $12.62 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The company has a market capitalization of $7.89 billion, a PE ratio of 631.32, a price-to-earnings-growth ratio of 6.87 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $9.79 and a 52-week high of $12.83. The company has a 50-day simple moving average of $11.14 and a 200 day simple moving average of $11.06.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The business had revenue of $238.48 million for the quarter, compared to the consensus estimate of $237.41 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. CCC Intelligent Solutions’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Institutional Investors Weigh In On CCC Intelligent Solutions

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Bank of America assumed 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 target on the stock. Jefferies Financial Group cut their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lowered their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Barclays reduced their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Finally, Morgan Stanley raised shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $14.00 to $15.00 in a research report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CCC Intelligent Solutions currently has an average rating of “Moderate Buy” and an average price target of $13.78.

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.