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 the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $8.60, for a total value of $236,310.80. Following the transaction, the director now directly owns 26,569 shares in the company, valued at approximately $228,493.40. This represents a 50.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $8.98, for a total value of $305,813.90.

CCC Intelligent Solutions Price Performance

Shares of CCC Intelligent Solutions stock traded down $0.07 on Friday, hitting $8.52. The company had a trading volume of 16,814,578 shares, compared to its average volume of 4,430,581. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $8.25 and a 52 week high of $12.88. The company has a market cap of $5.60 billion, a PE ratio of 426.21 and a beta of 0.73. The business has a 50-day simple moving average of $9.98 and a 200-day simple moving average of $10.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19.

CCC Intelligent Solutions declared that its Board of Directors has initiated a stock repurchase plan on Friday, December 20th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky boosted its holdings in 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 buying an additional 51,607 shares in the last quarter. Norman Fields Gottscho Capital Management LLC increased its holdings in shares of CCC Intelligent Solutions by 34.5% in the fourth quarter. Norman Fields Gottscho Capital Management LLC now owns 397,489 shares of the company’s stock valued at $4,663,000 after buying an additional 101,885 shares in the last quarter. Barclays PLC lifted its position in shares of 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 last quarter. HighTower Advisors LLC boosted its stake in shares of CCC Intelligent Solutions by 1,355.0% during the 3rd quarter. HighTower Advisors LLC now owns 602,797 shares of the company’s stock worth $6,662,000 after acquiring an additional 561,367 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of CCC Intelligent Solutions by 23.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 453,911 shares of the company’s stock worth $5,016,000 after acquiring an additional 85,725 shares during the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

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.