CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Githesh Ramamurthy Sells 57,619 Shares of Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Githesh Ramamurthy sold 57,619 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $11.52, for a total transaction of $663,770.88. Following the transaction, the insider now owns 6,463,840 shares in the company, valued at approximately $74,463,436.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Githesh Ramamurthy also recently made the following trade(s):

• On Monday, April 22nd, Githesh Ramamurthy sold 297 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.52, for a total transaction of $3,421.44.
• On Wednesday, March 20th, Githesh Ramamurthy sold 1,000,000 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.86, for a total transaction of $11,860,000.00.

CCC Intelligent Solutions Trading Up 0.3 %

NYSE:CCCS opened at $11.53 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of -54.90 and a beta of 0.62. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $8.42 and a 52 week high of $13.41. The firm has a 50-day moving average price of $11.75 and a two-hundred day moving average price of $11.51.

CCC Intelligent Solutions (NYSE:CCCS) last released its earnings results on Wednesday, February 28th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). CCC Intelligent Solutions had a negative net margin of 10.67% and a positive return on equity of 5.80%. The company had revenue of $228.60 million for the quarter, compared to the consensus estimate of $222.80 million. On average, equities analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Banque Cantonale Vaudoise grew its position in shares of CCC Intelligent Solutions by 128.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock valued at $30,000 after acquiring an additional 1,424 shares during the period. Park Place Capital Corp boosted its holdings in CCC Intelligent Solutions by 65.9% in the 4th quarter. Park Place Capital Corp now owns 4,175 shares of the company’s stock worth $48,000 after buying an additional 1,659 shares during the period. Covestor Ltd grew its stake in CCC Intelligent Solutions by 781.7% in the 3rd quarter. Covestor Ltd now owns 6,895 shares of the company’s stock valued at $92,000 after buying an additional 6,113 shares in the last quarter. Parkside Financial Bank & Trust purchased a new position in CCC Intelligent Solutions in the 4th quarter valued at approximately $99,000. Finally, Coldstream Capital Management Inc. purchased a new position in CCC Intelligent Solutions in the 4th quarter valued at approximately $119,000. 95.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on CCCS. Citigroup restated a “buy” rating and issued a $13.00 target price on shares of CCC Intelligent Solutions in a report on Thursday, February 8th. Evercore ISI upped their target price on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Piper Sandler upped their target price on shares of CCC Intelligent Solutions from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Barclays upped their target price on shares of CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th. Finally, Barrington Research restated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, CCC Intelligent Solutions has an average rating of “Moderate Buy” and a consensus target price of $13.63.

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.