CCC Intelligent Solutions (NYSE:CCCS – Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01, Briefing.com reports. CCC Intelligent Solutions had a negative net margin of 10.85% and a positive return on equity of 4.52%. The firm had revenue of $232.60 million for the quarter, compared to the consensus estimate of $230.16 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. CCC Intelligent Solutions updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.
CCC Intelligent Solutions Stock Down 6.2 %
Shares of NYSE CCCS traded down $0.68 during trading on Wednesday, hitting $10.35. The stock had a trading volume of 2,623,470 shares, compared to its average volume of 3,678,811. The company has a market capitalization of $6.43 billion, a PE ratio of -52.52 and a beta of 0.62. The firm has a fifty day moving average of $11.35 and a two-hundred day moving average of $11.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.53 and a quick ratio of 2.53. CCC Intelligent Solutions has a 12 month low of $10.08 and a 12 month high of $13.41.
Insider Activity at CCC Intelligent Solutions
In related news, Director International L.P. Advent sold 24,973,795 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $11.30, for a total transaction of $282,203,883.50. Following the completion of the transaction, the director now owns 3,232,721 shares in the company, valued at $36,529,747.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Githesh Ramamurthy sold 1,000,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $11.78, for a total transaction of $11,780,000.00. Following the completion of the transaction, the insider now owns 6,463,840 shares in the company, valued at $76,144,035.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director International L.P. Advent sold 24,973,795 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $11.30, for a total transaction of $282,203,883.50. Following the transaction, the director now owns 3,232,721 shares of the company’s stock, valued at approximately $36,529,747.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,777,216 shares of company stock worth $771,814,055. 6.67% of the stock is owned by company insiders.
Analysts Set New Price Targets
Read Our Latest Stock Report on CCCS
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.
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