Githesh Ramamurthy Sells 1,000,000 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCSGet Free Report) insider Githesh Ramamurthy sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $11.78, for a total value of $11,780,000.00. Following the sale, the insider now owns 6,463,840 shares in the company, valued at $76,144,035.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, April 24th, Githesh Ramamurthy sold 57,619 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.52, for a total value of $663,770.88.
  • On Monday, April 22nd, Githesh Ramamurthy sold 297 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.52, for a total value of $3,421.44.
  • On Wednesday, March 20th, Githesh Ramamurthy sold 1,000,000 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.86, for a total value of $11,860,000.00.

CCC Intelligent Solutions Stock Performance

NYSE CCCS traded up $0.31 during trading hours on Friday, hitting $11.98. 4,087,742 shares of the stock were exchanged, compared to its average volume of 3,213,098. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $10.00 and a 12-month high of $13.41. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.43. The company has a market cap of $7.36 billion, a price-to-earnings ratio of -56.67, a price-to-earnings-growth ratio of 5.65 and a beta of 0.63. The stock has a 50-day moving average of $11.46 and a 200 day moving average of $11.40.

CCC Intelligent Solutions (NYSE:CCCSGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). CCC Intelligent Solutions had a positive return on equity of 4.52% and a negative net margin of 10.85%. The business had revenue of $227.24 million for the quarter, compared to analysts’ expectations of $225.21 million. As a group, equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on CCC Intelligent Solutions

Hedge Funds Weigh In On CCC Intelligent Solutions

A number of hedge funds have recently made changes to their positions in the stock. Comerica Bank increased 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 worth $9,260,000 after buying an additional 392,966 shares during the period. Tidal Investments LLC grew its position in CCC Intelligent Solutions by 10.2% in the 1st quarter. Tidal Investments LLC now owns 18,626 shares of the company’s stock worth $223,000 after purchasing an additional 1,727 shares during the last quarter. Redwood Investment Management LLC bought a new position in shares of CCC Intelligent Solutions in the first quarter valued at approximately $1,510,000. California State Teachers Retirement System boosted its holdings in shares of CCC Intelligent Solutions by 13.5% in the first quarter. California State Teachers Retirement System now owns 251,079 shares of the company’s stock valued at $3,003,000 after acquiring an additional 29,922 shares in the last quarter. Finally, Avenir Corp acquired a new stake in CCC Intelligent Solutions during the first quarter valued at approximately $24,439,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

About CCC Intelligent Solutions

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for CCC Intelligent Solutions (NYSE:CCCS)

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