CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Sells $29,868.00 in Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Mary Jo Prigge sold 2,489 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $12.00, for a total transaction of $29,868.00. Following the sale, the insider now owns 97,268 shares in the company, valued at $1,167,216. This represents a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CCC Intelligent Solutions Stock Performance

Shares of NYSE CCCS traded down $0.07 during trading hours on Friday, reaching $11.77. The stock had a trading volume of 4,812,372 shares, compared to its average volume of 3,431,915. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average of $10.93 and a 200-day moving average of $10.99. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $9.79 and a fifty-two week high of $12.68. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 592.50, a PEG ratio of 6.67 and a beta of 0.63.

CCC Intelligent Solutions (NYSE:CCCS) last announced its earnings results on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $237.41 million. During the same period in the prior year, the firm earned $0.03 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on CCCS. Morgan Stanley raised CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $14.00 to $15.00 in a research report on Wednesday. Barclays decreased their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. JPMorgan Chase & Co. lowered their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Bank of America started coverage on CCC Intelligent Solutions in a report on Tuesday, August 20th. They set a “buy” rating and a $15.00 target price on the stock. Finally, Jefferies Financial Group reduced their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $13.78.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CCCS. American International Group Inc. boosted its position in CCC Intelligent Solutions by 68.6% during the 1st quarter. American International Group Inc. now owns 2,789 shares of the company’s stock worth $33,000 after acquiring an additional 1,135 shares during the last quarter. Amalgamated Bank raised its holdings in CCC Intelligent Solutions by 5.8% during the third quarter. Amalgamated Bank now owns 23,722 shares of the company’s stock worth $262,000 after buying an additional 1,299 shares during the last quarter. Bradley Foster & Sargent Inc. CT grew its holdings in shares of CCC Intelligent Solutions by 2.1% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 67,047 shares of the company’s stock valued at $745,000 after acquiring an additional 1,390 shares in the last quarter. Hardy Reed LLC lifted its position in shares of CCC Intelligent Solutions by 7.1% during the third quarter. Hardy Reed LLC now owns 21,540 shares of the company’s stock worth $238,000 after acquiring an additional 1,430 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in CCC Intelligent Solutions by 15.2% during the second quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock valued at $132,000 after purchasing an additional 1,564 shares in the last quarter. 95.79% of the stock is 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.