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 firm’s stock in a transaction dated 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 transaction, the insider now directly owns 97,268 shares in the company, valued at $1,232,385.56. This trade represents a 16.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 shares were 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 stock was 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 value of $29,868.00.

CCC Intelligent Solutions Price Performance

Shares of NYSE:CCCS traded down $0.12 during trading on Tuesday, reaching $12.62. The stock had a trading volume of 2,531,651 shares, compared to its average volume of 3,425,426. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $9.79 and a 52 week high of $12.83. The business’s 50-day moving average price is $11.14 and its 200 day moving average price is $11.06. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The stock has a market capitalization of $7.89 billion, a PE ratio of 631.32, a P/E/G ratio of 6.87 and a beta of 0.63.

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

Institutional Trading of CCC Intelligent Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of CCC Intelligent Solutions by 17.7% in the first quarter. Vanguard Group Inc. now owns 28,034,997 shares of the company’s stock valued at $335,299,000 after purchasing an additional 4,225,920 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of CCC Intelligent Solutions by 4.9% in the third 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 in the last quarter. Dragoneer Investment Group LLC increased its holdings in shares of CCC Intelligent Solutions by 31.5% in the second quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock valued at $176,704,000 after purchasing an additional 3,809,200 shares in the last quarter. Wasatch Advisors LP grew its holdings in CCC Intelligent Solutions by 49.1% during the 3rd quarter. Wasatch Advisors LP now owns 14,331,030 shares of the company’s stock worth $158,358,000 after acquiring an additional 4,716,587 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in CCC Intelligent Solutions by 7.4% during the 1st quarter. Janus Henderson Group PLC now owns 12,469,424 shares of the company’s stock worth $149,133,000 after acquiring an additional 857,110 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analyst Ratings Changes

CCCS has been the topic of several recent analyst reports. Barrington Research reissued an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Jefferies Financial Group decreased their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Morgan Stanley upgraded shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $14.00 to $15.00 in a report on Wednesday, November 13th. JPMorgan Chase & Co. decreased their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, Bank of America initiated 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 for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, CCC Intelligent Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $13.78.

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.