Insider Selling: CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Sells 9,916 Shares of Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo sold 9,916 shares of the business’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 $125,635.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Rodney Christo also recently made the following trade(s):

• On Friday, November 22nd, Rodney Christo sold 65,084 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $12.52, for a total transaction of $814,851.68.
• On Wednesday, November 20th, Rodney Christo sold 75,000 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $12.01, for a total value of $900,750.00.
• On Thursday, November 14th, Rodney Christo sold 75,000 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.80, for a total transaction of $885,000.00.

CCC Intelligent Solutions Price Performance

Shares of CCCS stock traded down $0.12 on Tuesday, reaching $12.62. 2,531,651 shares of the company were exchanged, compared to its average volume of 3,425,426. The company has a market cap of $7.89 billion, a price-to-earnings ratio of 631.32, a P/E/G ratio of 6.87 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $9.79 and a 1 year high of $12.83. The business has a 50-day moving average price of $11.14 and a 200 day moving average price of $11.06. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm 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 quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share. Equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CCC Intelligent Solutions

Several institutional investors have recently bought and sold shares of CCCS. Dragoneer Investment Group LLC grew its stake in CCC Intelligent Solutions by 31.5% during the 2nd quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock worth $176,704,000 after purchasing an additional 3,809,200 shares in the last quarter. Comerica Bank increased its stake in shares of CCC Intelligent Solutions by 103.1% during the first quarter. Comerica Bank now owns 774,261 shares of the company’s stock worth $9,260,000 after buying an additional 392,966 shares during the period. Adero Partners LLC lifted its position in shares of CCC Intelligent Solutions by 118.5% during the 3rd quarter. Adero Partners LLC now owns 5,780,925 shares of the company’s stock worth $63,879,000 after purchasing an additional 3,135,650 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in CCC Intelligent Solutions by 200.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 203,543 shares of the company’s stock worth $2,261,000 after buying an additional 135,710 shares during the last quarter. Finally, Element Capital Management LLC purchased a new position in CCC Intelligent Solutions in the second quarter valued at approximately $7,941,000. 95.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.