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

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo sold 75,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $12.01, for a total value of $900,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, November 14th, Rodney Christo sold 75,000 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.80, for a total value of $885,000.00.

CCC Intelligent Solutions Stock Performance

NYSE CCCS opened at $12.47 on Friday. 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 current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The firm’s 50 day simple moving average is $11.10 and its 200 day simple moving average is $11.04. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 623.81, a P/E/G ratio of 7.08 and a beta of 0.63.

CCC Intelligent Solutions (NYSE:CCCS) last announced its earnings results on Monday, October 28th. The company reported $0.10 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $0.03 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CCC Intelligent Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in CCCS. Russell Investments Group Ltd. increased its stake in CCC Intelligent Solutions by 0.6% during the 1st quarter. Russell Investments Group Ltd. now owns 278,964 shares of the company’s stock valued at $3,336,000 after purchasing an additional 1,622 shares in the last quarter. Vanguard Group Inc. raised its position in CCC Intelligent Solutions by 17.7% in the first quarter. Vanguard Group Inc. now owns 28,034,997 shares of the company’s stock worth $335,299,000 after acquiring an additional 4,225,920 shares during the period. Bessemer Group Inc. raised its position in shares of CCC Intelligent Solutions by 143.8% in the first quarter. Bessemer Group Inc. now owns 33,449 shares of the company’s stock valued at $400,000 after purchasing an additional 19,730 shares during the period. American International Group Inc. grew 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 acquiring an additional 1,135 shares in the last quarter. Finally, Teca Partners LP lifted its stake in CCC Intelligent Solutions by 46.3% in the 1st quarter. Teca Partners LP now owns 1,938,415 shares of the company’s stock worth $23,183,000 after purchasing an additional 613,070 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Morgan Stanley raised shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $14.00 to $15.00 in a report on Wednesday, November 13th. Barrington Research reiterated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Jefferies Financial Group reduced their price target on 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. Finally, Barclays reduced their target price 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.78.

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.