Rodney Christo Sells 5,846 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo sold 5,846 shares of CCC Intelligent Solutions stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $9.15, for a total value of $53,490.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, March 3rd, Rodney Christo sold 20,077 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $10.20, for a total transaction of $204,785.40.

CCC Intelligent Solutions Stock Down 0.9 %

Shares of CCCS stock opened at $9.11 on Thursday. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $8.83 and a 12 month high of $12.88. The stock has a market cap of $5.99 billion, a P/E ratio of 455.73 and a beta of 0.73. The company has a 50 day simple moving average of $10.33 and a two-hundred day simple moving average of $11.05.

CCC Intelligent Solutions declared that its board has authorized a share repurchase plan on Friday, December 20th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to buy up to 4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On CCC Intelligent Solutions

Large investors have recently made changes to their positions in the business. Eagle Bay Advisors LLC bought a new position in CCC Intelligent Solutions in the 4th quarter worth approximately $25,000. UMB Bank n.a. bought a new position in shares of CCC Intelligent Solutions during the fourth quarter worth $28,000. TD Private Client Wealth LLC bought a new position in shares of CCC Intelligent Solutions during the fourth quarter worth $31,000. Advisors Asset Management Inc. increased its holdings in CCC Intelligent Solutions by 153.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company’s stock valued at $32,000 after acquiring an additional 1,729 shares during the last quarter. Finally, Quarry LP purchased a new stake in CCC Intelligent Solutions in the 4th quarter worth $36,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CCCS has been the topic of several recent analyst reports. Piper Sandler reissued a “neutral” rating and issued a $11.00 target price (down from $13.00) on shares of CCC Intelligent Solutions in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lowered CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $14.00 to $11.00 in a research report on Wednesday, February 26th. Finally, Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.14.

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.