Githesh Ramamurthy Sells 8,805 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Githesh Ramamurthy sold 8,805 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $11.50, for a total transaction of $101,257.50. Following the transaction, the insider now directly owns 4,798,040 shares of the company’s stock, valued at $55,177,460. This represents a 0.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, November 7th, Githesh Ramamurthy sold 9,348 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.50, for a total transaction of $107,502.00.

CCC Intelligent Solutions Stock Up 1.9 %

CCCS opened at $11.84 on Friday. 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 1-year low of $9.79 and a 1-year high of $12.68. The company has a market capitalization of $7.41 billion, a PE ratio of 77.47, a PEG ratio of 6.67 and a beta of 0.63. The firm’s 50 day simple moving average is $10.93 and its two-hundred day simple moving average is $10.99.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The business had revenue of $238.48 million for the quarter, compared to the consensus estimate of $237.41 million. During the same period last year, the firm earned $0.03 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

Wall Street Analyst Weigh In

CCCS has been the subject of a number of analyst reports. Barclays decreased their target price 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. Jefferies Financial Group cut their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Bank of America started coverage on shares of CCC Intelligent Solutions in a report on Tuesday, August 20th. They set a “buy” rating and a $15.00 price target on the stock. Morgan Stanley upgraded shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $14.00 to $15.00 in a report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, CCC Intelligent Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $13.78.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its position in shares of CCC Intelligent Solutions by 153.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company’s stock valued at $32,000 after purchasing an additional 1,729 shares during the period. American International Group Inc. raised its position in shares of CCC Intelligent Solutions by 68.6% during the 1st quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after purchasing an additional 1,135 shares during the period. CWM LLC raised its position in shares of CCC Intelligent Solutions by 352.6% during the 2nd quarter. CWM LLC now owns 3,105 shares of the company’s stock valued at $34,000 after purchasing an additional 2,419 shares during the period. Twin Tree Management LP bought a new stake in shares of CCC Intelligent Solutions during the 1st quarter valued at $53,000. Finally, Huntington National Bank raised its position in shares of CCC Intelligent Solutions by 37.6% during the 3rd quarter. Huntington National Bank now owns 5,852 shares of the company’s stock valued at $65,000 after purchasing an additional 1,599 shares during the period. 95.79% of the stock is currently owned by institutional investors.

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.