Insider Selling: CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Sells $814,851.68 in Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo sold 65,084 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $12.52, for a total value of $814,851.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, November 25th, Rodney Christo sold 9,916 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $12.67, for a total value of $125,635.72.
• On Wednesday, November 20th, Rodney Christo sold 75,000 shares of CCC Intelligent Solutions stock. The shares were 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 stock was sold at an average price of $11.80, for a total transaction of $885,000.00.

CCC Intelligent Solutions Trading Down 0.1 %

NYSE:CCCS opened at $12.61 on Friday. CCC Intelligent Solutions Holdings Inc. has a one year low of $9.79 and a one year high of $12.83. The business has a fifty day moving average price of $11.21 and a 200-day moving average price of $11.08. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 630.50, a price-to-earnings-growth ratio of 7.02 and a beta of 0.63. 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 (NYSE:CCCS) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The business had revenue of $238.48 million during the quarter, compared to analysts’ expectations of $237.41 million. During the same quarter in the prior year, the business posted $0.03 earnings per share. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Sell-side analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CCCS. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th. Barclays lowered their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. JPMorgan Chase & Co. cut their price target 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. Morgan Stanley raised CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $14.00 to $15.00 in a research note on Wednesday, November 13th. Finally, Bank of America began coverage on CCC Intelligent Solutions in a research report on Tuesday, August 20th. They set a “buy” rating and a $15.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.78.

Institutional Investors Weigh In On CCC Intelligent Solutions

Several institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its holdings in shares of CCC Intelligent Solutions by 153.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company’s stock valued at $32,000 after purchasing an additional 1,729 shares during the last quarter. American International Group Inc. boosted its stake in CCC Intelligent Solutions by 68.6% during the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after buying an additional 1,135 shares during the last quarter. CWM LLC grew its holdings in CCC Intelligent Solutions by 352.6% during the 2nd quarter. CWM LLC now owns 3,105 shares of the company’s stock valued at $34,000 after buying an additional 2,419 shares in the last quarter. Huntington National Bank increased its stake in CCC Intelligent Solutions by 37.6% in the 3rd quarter. Huntington National Bank now owns 5,852 shares of the company’s stock worth $65,000 after acquiring an additional 1,599 shares during the last quarter. Finally, Marco Investment Management LLC purchased a new stake in shares of CCC Intelligent Solutions during the 3rd quarter worth approximately $113,000. Institutional investors own 95.79% of the company’s stock.

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.