CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Sells $663,770.88 in Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Githesh Ramamurthy sold 57,619 shares of the stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $11.52, for a total transaction of $663,770.88. Following the completion of the transaction, the insider now owns 6,463,840 shares of the company’s stock, valued at approximately $74,463,436.80. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Githesh Ramamurthy also recently made the following trade(s):

• On Monday, April 22nd, Githesh Ramamurthy sold 297 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.52, for a total transaction of $3,421.44.
• On Wednesday, March 20th, Githesh Ramamurthy sold 1,000,000 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.86, for a total transaction of $11,860,000.00.

CCC Intelligent Solutions Stock Performance

CCCS opened at $11.50 on Friday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $6.95 billion, a PE ratio of -54.76 and a beta of 0.62. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.42 and a 1-year high of $13.41. The firm has a 50-day moving average price of $11.75 and a two-hundred day moving average price of $11.50.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $228.60 million during the quarter, compared to analyst estimates of $222.80 million. CCC Intelligent Solutions had a negative net margin of 10.67% and a positive return on equity of 5.80%. As a group, equities analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CCCS. Piper Sandler increased their price objective on shares of CCC Intelligent Solutions from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Barclays increased their price objective on shares of CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. Barrington Research reiterated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, February 29th. Citigroup reiterated a “buy” rating and set a $13.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, February 8th. Finally, Evercore ISI increased their target price on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, CCC Intelligent Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $13.63.

Institutional Investors Weigh In On CCC Intelligent Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCCS. Banque Cantonale Vaudoise increased its position in CCC Intelligent Solutions by 128.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock valued at $30,000 after acquiring an additional 1,424 shares in the last quarter. Park Place Capital Corp boosted its stake in shares of CCC Intelligent Solutions by 65.9% in the 4th quarter. Park Place Capital Corp now owns 4,175 shares of the company’s stock valued at $48,000 after purchasing an additional 1,659 shares during the last quarter. Covestor Ltd boosted its stake in shares of CCC Intelligent Solutions by 781.7% in the 3rd quarter. Covestor Ltd now owns 6,895 shares of the company’s stock valued at $92,000 after purchasing an additional 6,113 shares during the last quarter. Parkside Financial Bank & Trust bought a new position in shares of CCC Intelligent Solutions in the 4th quarter valued at about $99,000. Finally, Coldstream Capital Management Inc. bought a new position in shares of CCC Intelligent Solutions in the 4th quarter valued at about $119,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

About CCC Intelligent Solutions

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.