CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Sells $53,490.90 in Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo sold 5,846 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $9.15, for a total value of $53,490.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, March 3rd, Rodney Christo sold 20,077 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $10.20, for a total transaction of $204,785.40.

CCC Intelligent Solutions Stock Performance

Shares of CCC Intelligent Solutions stock opened at $9.07 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.83 and a 1 year high of $12.88. The firm’s 50-day simple moving average is $10.29 and its 200-day simple moving average is $11.04. The firm has a market cap of $5.96 billion, a PE ratio of 453.73 and a beta of 0.73.

CCC Intelligent Solutions declared that its board has approved a share repurchase program on Friday, December 20th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to buy up to 4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Eagle Bay Advisors LLC acquired a new stake in shares of CCC Intelligent Solutions during the 4th quarter valued at approximately $25,000. UMB Bank n.a. acquired a new stake in shares of CCC Intelligent Solutions during the fourth quarter worth $28,000. TD Private Client Wealth LLC bought a new position in shares of CCC Intelligent Solutions in the 4th quarter worth about $31,000. Advisors Asset Management Inc. boosted its holdings in shares of CCC Intelligent Solutions by 153.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company’s stock valued at $32,000 after buying an additional 1,729 shares during the period. Finally, Quarry LP bought a new stake in shares of CCC Intelligent Solutions during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

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.