Insider Selling: CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Sells 80,724 Shares of Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Mary Jo Prigge sold 80,724 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $12.52, for a total transaction of $1,010,664.48. Following the completion of the sale, the insider now owns 97,268 shares in the company, valued at approximately $1,217,795.36. This trade represents a 45.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, November 25th, Mary Jo Prigge sold 19,276 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $12.67, for a total transaction of $244,226.92.
• On Wednesday, November 20th, Mary Jo Prigge sold 97,511 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $12.01, for a total transaction of $1,171,107.11.
• 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 transaction of $29,868.00.

CCC Intelligent Solutions Stock Performance

Shares of CCC Intelligent Solutions stock traded down $0.12 on Tuesday, hitting $12.62. The stock had a trading volume of 2,531,651 shares, compared to its average volume of 3,425,426. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 631.32, a P/E/G ratio of 6.87 and a beta of 0.63. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $9.79 and a 52-week high of $12.83. The company’s 50 day moving average price is $11.14 and its 200 day moving average price is $11.06.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share 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 return on equity of 5.35% and a net margin of 5.02%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 earnings per share. On average, research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Institutional Trading of CCC Intelligent Solutions

A number of large investors have recently bought and sold shares of the business. Dragoneer Investment Group LLC raised its holdings in shares of CCC Intelligent Solutions by 31.5% in the second quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock valued at $176,704,000 after buying an additional 3,809,200 shares during the last quarter. Comerica Bank lifted its position in CCC Intelligent Solutions by 103.1% during the 1st quarter. Comerica Bank now owns 774,261 shares of the company’s stock worth $9,260,000 after acquiring an additional 392,966 shares during the period. Adero Partners LLC grew its stake in shares of CCC Intelligent Solutions by 118.5% in the 3rd quarter. Adero Partners LLC now owns 5,780,925 shares of the company’s stock valued at $63,879,000 after purchasing an additional 3,135,650 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of CCC Intelligent Solutions by 200.1% in the second quarter. Harbor Capital Advisors Inc. now owns 203,543 shares of the company’s stock valued at $2,261,000 after purchasing an additional 135,710 shares during the period. Finally, Element Capital Management LLC purchased a new stake in shares of CCC Intelligent Solutions during the second quarter worth approximately $7,941,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CCCS. Barrington Research restated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Barclays decreased their price target 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. Bank of America began coverage on shares of CCC Intelligent Solutions in a research note on Tuesday, August 20th. They set a “buy” rating and a $15.00 target price for the company. Morgan Stanley upgraded 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 note on Wednesday, November 13th. Finally, Jefferies Financial Group lowered their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, CCC Intelligent Solutions currently has a consensus rating of “Moderate Buy” and an average 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.