Eileen Schloss Sells 27,478 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Director Eileen Schloss sold 27,478 shares of CCC Intelligent Solutions stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $8.60, for a total transaction of $236,310.80. Following the completion of the transaction, the director now owns 26,569 shares of the company’s stock, valued at $228,493.40. This represents a 50.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Eileen Schloss also recently made the following trade(s):

• On Friday, March 21st, Eileen Schloss sold 34,055 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $8.98, for a total transaction of $305,813.90.

CCC Intelligent Solutions Trading Down 0.8 %

NYSE:CCCS opened at $8.52 on Friday. The company has a market capitalization of $5.60 billion, a PE ratio of 426.21 and a beta of 0.77. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $8.25 and a 52-week high of $12.88. The stock’s 50 day moving average price is $9.98 and its 200 day moving average price is $10.96. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions declared that its Board of Directors has approved a share repurchase plan on Friday, December 20th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of CCC Intelligent Solutions

Large investors have recently bought and sold shares of the business. Eagle Bay Advisors LLC purchased a new stake in shares of CCC Intelligent Solutions in the fourth quarter valued at about $25,000. UMB Bank n.a. purchased a new stake in CCC Intelligent Solutions during the 4th quarter valued at approximately $28,000. TD Private Client Wealth LLC acquired a new stake in CCC Intelligent Solutions during the 4th quarter worth approximately $31,000. Quarry LP purchased a new position in shares of CCC Intelligent Solutions in the 4th quarter valued at approximately $36,000. Finally, GAMMA Investing LLC raised its stake in shares of CCC Intelligent Solutions by 286.9% during the fourth quarter. GAMMA Investing LLC now owns 3,343 shares of the company’s stock worth $39,000 after purchasing an additional 2,479 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

CCCS has been the subject of a number of analyst reports. Piper Sandler reiterated a “neutral” rating and set a $11.00 target price (down previously from $13.00) on shares of CCC Intelligent Solutions in a research note on Wednesday, February 26th. JPMorgan Chase & Co. cut CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $14.00 to $11.00 in a research report on Wednesday, February 26th. Finally, Barrington Research reissued an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Monday, February 24th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.14.

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.