CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Sells $244,226.92 in Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Mary Jo Prigge sold 19,276 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $12.67, for a total value of $244,226.92. Following the completion of the sale, the insider now owns 97,268 shares of the company’s stock, valued at approximately $1,232,385.56. This represents a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Mary Jo Prigge also recently made the following trade(s):

• On Friday, November 22nd, Mary Jo Prigge sold 80,724 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $12.52, for a total value of $1,010,664.48.
• On Wednesday, November 20th, Mary Jo Prigge sold 97,511 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $12.01, for a total value of $1,171,107.11.
• On Wednesday, November 13th, Mary Jo Prigge sold 2,489 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $12.00, for a total transaction of $29,868.00.

CCC Intelligent Solutions Stock Down 0.1 %

CCCS stock opened at $12.61 on Friday. The firm has a fifty day moving average price of $11.21 and a two-hundred day moving average price of $11.08. 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 Holdings Inc. has a 1-year low of $9.79 and a 1-year high of $12.83. The firm has a market cap of $7.89 billion, a price-to-earnings ratio of 630.50, a PEG ratio of 7.02 and a beta of 0.63.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $238.48 million during the quarter, compared to analyst estimates of $237.41 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. During the same quarter in the previous year, the firm posted $0.03 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

CCCS has been the subject of several analyst reports. Morgan Stanley upgraded shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $14.00 to $15.00 in a research note on Wednesday, November 13th. Barclays lowered their target price on 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. Bank of America initiated coverage on CCC Intelligent Solutions in a report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, CCC Intelligent Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.78.

Institutional Trading of CCC Intelligent Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in CCCS. Vanguard Group Inc. increased its stake in shares of CCC Intelligent Solutions by 17.7% during the first quarter. Vanguard Group Inc. now owns 28,034,997 shares of the company’s stock valued at $335,299,000 after acquiring an additional 4,225,920 shares during the period. Principal Financial Group Inc. increased its position in shares of CCC Intelligent Solutions by 4.9% during the 3rd quarter. Principal Financial Group Inc. now owns 26,484,511 shares of the company’s stock valued at $292,654,000 after purchasing an additional 1,234,281 shares during the period. Dragoneer Investment Group LLC raised its stake in shares of CCC Intelligent Solutions by 31.5% in the 2nd quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock worth $176,704,000 after buying an additional 3,809,200 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of CCC Intelligent Solutions by 49.1% in the third quarter. Wasatch Advisors LP now owns 14,331,030 shares of the company’s stock valued at $158,358,000 after buying an additional 4,716,587 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in CCC Intelligent Solutions by 7.4% during the first quarter. Janus Henderson Group PLC now owns 12,469,424 shares of the company’s stock valued at $149,133,000 after buying an additional 857,110 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

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.