CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Sells $234,534.96 in Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCSGet Free Report) insider Brian Herb sold 19,742 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $11.88, for a total transaction of $234,534.96. Following the sale, the insider now directly owns 288,076 shares of the company’s stock, valued at $3,422,342.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Brian Herb also recently made the following trade(s):

  • On Thursday, March 7th, Brian Herb sold 23,521 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.81, for a total transaction of $277,783.01.

CCC Intelligent Solutions Stock Up 0.5 %

CCCS stock opened at $11.96 on Friday. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $8.42 and a 52-week high of $13.41. The company’s 50 day simple moving average is $11.55 and its 200-day simple moving average is $11.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a market capitalization of $7.23 billion, a P/E ratio of -56.95 and a beta of 0.61.

CCC Intelligent Solutions (NYSE:CCCSGet Free Report) last released 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 research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.18 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on CCCS. Citigroup reissued a “buy” rating and set a $13.00 target price on shares of CCC Intelligent Solutions in a research note on Thursday, February 8th. Barclays increased their target price 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 reissued an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Thursday, February 29th. Morgan Stanley began coverage on shares of CCC Intelligent Solutions in a report on Tuesday, December 12th. They set an “equal weight” rating and a $13.00 price target on the stock. Finally, Evercore ISI boosted their price target on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the company an “outperform” rating in a 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 company. According to MarketBeat.com, CCC Intelligent Solutions presently has an average rating of “Moderate Buy” and an average price target of $13.63.

View Our Latest Analysis on CCCS

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Park Place Capital Corp increased its stake in 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 buying an additional 1,659 shares during the period. Captrust Financial Advisors acquired a new position in CCC Intelligent Solutions in the 2nd quarter valued at approximately $53,000. Tower Research Capital LLC TRC increased its stake in CCC Intelligent Solutions by 21.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,403 shares of the company’s stock valued at $61,000 after buying an additional 968 shares during the period. Quantbot Technologies LP increased its stake in CCC Intelligent Solutions by 252.1% in the 1st quarter. Quantbot Technologies LP now owns 5,735 shares of the company’s stock valued at $63,000 after buying an additional 4,106 shares during the period. Finally, Royal Bank of Canada increased its stake in CCC Intelligent Solutions by 277.6% in the 1st quarter. Royal Bank of Canada now owns 7,696 shares of the company’s stock valued at $85,000 after buying an additional 5,658 shares during the period. 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.

Further Reading

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

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