CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo Sells 65,084 Shares of Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo sold 65,084 shares of the company’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 can be accessed 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 transaction of $125,635.72.
• On Wednesday, November 20th, Rodney Christo sold 75,000 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $12.01, for a total transaction of $900,750.00.
• 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 transaction of $885,000.00.

CCC Intelligent Solutions Trading Down 0.9 %

CCCS opened at $12.62 on Wednesday. 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 has a market cap of $7.89 billion, a price-to-earnings ratio of 631.32, a PEG ratio of 6.87 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $9.79 and a 12 month high of $12.83. The stock has a fifty day moving average price of $11.14 and a 200-day moving average price of $11.06.

CCC Intelligent Solutions (NYSE:CCCS) last announced its 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 net margin of 5.02% and a return on equity of 5.35%. The business had revenue of $238.48 million during the quarter, compared to the consensus estimate of $237.41 million. During the same period in the previous year, the company posted $0.03 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CCC Intelligent Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of CCCS. Ghisallo Capital Management LLC acquired a new position in shares of CCC Intelligent Solutions during the second quarter worth $132,917,000. Principal Financial Group Inc. increased its position in CCC Intelligent Solutions by 37.8% during the 2nd quarter. Principal Financial Group Inc. now owns 25,250,230 shares of the company’s stock valued at $280,530,000 after buying an additional 6,921,161 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in CCC Intelligent Solutions during the 2nd quarter valued at about $70,844,000. Van Berkom & Associates Inc. purchased a new stake in CCC Intelligent Solutions in the second quarter valued at about $61,605,000. Finally, Wasatch Advisors LP boosted its holdings in CCC Intelligent Solutions by 49.1% in the third quarter. Wasatch Advisors LP now owns 14,331,030 shares of the company’s stock worth $158,358,000 after acquiring an additional 4,716,587 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analyst Ratings Changes

CCCS has been the topic of a number of research reports. Barclays reduced 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 report on Tuesday, October 29th. Morgan Stanley raised CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $14.00 to $15.00 in a research report on Wednesday, November 13th. Barrington Research reiterated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th. JPMorgan Chase & Co. cut their price target on 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, Bank of America assumed coverage on shares of CCC Intelligent Solutions in a research note on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, CCC Intelligent Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price 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.