CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Sells $244,226.92 in Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Mary Jo Prigge sold 19,276 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $12.67, for a total value of $244,226.92. Following the sale, the insider now owns 97,268 shares of the company’s stock, valued at $1,232,385.56. This trade represents a 16.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Mary Jo Prigge also recently made the following trade(s):

• On Friday, November 22nd, Mary Jo Prigge sold 80,724 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $12.52, for a total value of $1,010,664.48.
• On Wednesday, November 20th, Mary Jo Prigge sold 97,511 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $12.01, for a total value of $1,171,107.11.
• On Wednesday, November 13th, Mary Jo Prigge sold 2,489 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $12.00, for a total transaction of $29,868.00.

CCC Intelligent Solutions Price Performance

NYSE CCCS opened at $12.61 on Friday. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $7.89 billion, a PE ratio of 630.50, a price-to-earnings-growth ratio of 7.02 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 company has a 50 day moving average price of $11.21 and a two-hundred day moving average price of $11.08.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share (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 firm had revenue of $238.48 million during the quarter, compared to analysts’ expectations of $237.41 million. During the same period in the prior year, the company posted $0.03 earnings per share. CCC Intelligent Solutions’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

CCCS has been the subject of several research analyst reports. Bank of America assumed coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price target for the company. JPMorgan Chase & Co. lowered their price target 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 CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $14.00 to $15.00 in a research note on Wednesday, November 13th. Barrington Research reaffirmed an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Finally, Barclays reduced their price target 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CCC Intelligent Solutions currently has an average rating of “Moderate Buy” and an average target price of $13.78.

Institutional Trading of CCC Intelligent Solutions

Hedge funds have recently modified their holdings of the company. Dragoneer Investment Group LLC raised its stake in shares of CCC Intelligent Solutions by 31.5% in the second quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock valued at $176,704,000 after purchasing an additional 3,809,200 shares in the last quarter. Comerica Bank lifted its holdings in shares of 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 acquiring an additional 392,966 shares during the period. Adero Partners LLC boosted its position in shares of CCC Intelligent Solutions by 118.5% during the 3rd quarter. Adero Partners LLC now owns 5,780,925 shares of the company’s stock valued at $63,879,000 after acquiring an additional 3,135,650 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in CCC Intelligent Solutions by 200.1% in the second quarter. Harbor Capital Advisors Inc. now owns 203,543 shares of the company’s stock worth $2,261,000 after purchasing an additional 135,710 shares in the last quarter. Finally, Element Capital Management LLC bought a new position in CCC Intelligent Solutions during the second quarter worth about $7,941,000. Institutional investors own 95.79% of the company’s stock.

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.