CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo Sells 75,000 Shares

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo sold 75,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $11.80, for a total transaction of $885,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock opened at $11.61 on Tuesday. CCC Intelligent Solutions Holdings Inc. has a one year low of $9.79 and a one year high of $12.68. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The stock has a market cap of $7.26 billion, a PE ratio of 580.79, a price-to-earnings-growth ratio of 6.76 and a beta of 0.63. The stock has a 50-day moving average of $10.98 and a 200-day moving average of $11.00.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $238.48 million during the quarter, compared to the consensus estimate of $237.41 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 earnings per share. As a group, sell-side analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on CCCS shares. Barclays dropped their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Morgan Stanley raised CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $14.00 to $15.00 in a research note on Wednesday, November 13th. Bank of America initiated coverage on CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Finally, Jefferies Financial Group dropped their price target 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 investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.78.

Institutional Investors Weigh In On CCC Intelligent Solutions

Institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. grew its position in CCC Intelligent Solutions by 68.6% in the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after purchasing an additional 1,135 shares in the last quarter. Amalgamated Bank grew its position in shares of CCC Intelligent Solutions by 5.8% in the third quarter. Amalgamated Bank now owns 23,722 shares of the company’s stock valued at $262,000 after purchasing an additional 1,299 shares during the last quarter. Bradley Foster & Sargent Inc. CT increased its position in CCC Intelligent Solutions by 2.1% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 67,047 shares of the company’s stock worth $745,000 after buying an additional 1,390 shares during the period. Hardy Reed LLC increased its position in CCC Intelligent Solutions by 7.1% during the third quarter. Hardy Reed LLC now owns 21,540 shares of the company’s stock worth $238,000 after acquiring an additional 1,430 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in shares of CCC Intelligent Solutions by 15.2% in the second quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock valued at $132,000 after buying an additional 1,564 shares in the last quarter. 95.79% of the stock is owned by institutional investors.

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.