Mary Jo Prigge Sells 2,489 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Mary Jo Prigge sold 2,489 shares of CCC Intelligent Solutions stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $12.00, for a total value of $29,868.00. Following the completion of the transaction, the insider now owns 97,268 shares of the company’s stock, valued at $1,167,216. The trade was a 2.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

CCC Intelligent Solutions Stock Performance

NYSE CCCS opened at $11.77 on Monday. The company has a fifty day moving average of $10.96 and a two-hundred day moving average of $11.00. 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 Holdings Inc. has a 1 year low of $9.79 and a 1 year high of $12.68. The company has a market capitalization of $7.36 billion, a PE ratio of 588.79, a P/E/G ratio of 6.76 and a beta of 0.63.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share (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 firm had revenue of $238.48 million for the quarter, compared to the consensus estimate of $237.41 million. During the same quarter last year, the business posted $0.03 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CCCS has been the topic of several analyst reports. Morgan Stanley raised shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $14.00 to $15.00 in a report on Wednesday, November 13th. Barrington Research restated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th. Bank of America assumed coverage on shares of CCC Intelligent Solutions in a research note on Tuesday, August 20th. They set a “buy” rating and a $15.00 target price for the company. Jefferies Financial Group dropped their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. decreased their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.78.

Hedge Funds Weigh In On CCC Intelligent Solutions

A number of institutional investors have recently modified their holdings of the business. Dragoneer Investment Group LLC grew its position 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 during the last quarter. Comerica Bank raised its stake in CCC Intelligent Solutions by 103.1% during the 1st quarter. Comerica Bank now owns 774,261 shares of the company’s stock valued at $9,260,000 after acquiring an additional 392,966 shares during the last quarter. Swiss National Bank raised its stake in CCC Intelligent Solutions by 14.5% during the 1st quarter. Swiss National Bank now owns 475,900 shares of the company’s stock valued at $5,692,000 after acquiring an additional 60,400 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of CCC Intelligent Solutions by 200.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 203,543 shares of the company’s stock valued at $2,261,000 after purchasing an additional 135,710 shares during the last quarter. Finally, Element Capital Management LLC acquired a new position in shares of 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.

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.