CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo Sells 75,000 Shares of Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo sold 75,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $12.01, for a total transaction of $900,750.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Rodney Christo also recently made the following trade(s):

• 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 Up 1.1 %

NYSE CCCS opened at $12.47 on Friday. The firm has a 50 day simple moving average of $11.10 and a 200-day simple moving average of $11.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. CCC Intelligent Solutions Holdings Inc. has a one year low of $9.79 and a one year high of $12.68. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 82.27, a PEG ratio of 7.08 and a beta of 0.63.

CCC Intelligent Solutions (NYSE:CCCS) last issued its earnings results on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $237.41 million. During the same quarter last year, the company earned $0.03 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CCCS. Jefferies Financial Group reduced their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Bank of America started coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They set a “buy” rating and a $15.00 price objective for the company. Morgan Stanley upgraded shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $14.00 to $15.00 in a research report on Wednesday, November 13th. JPMorgan Chase & Co. cut their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Finally, Barclays cut their price objective 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 investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, CCC Intelligent Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $13.78.

Hedge Funds Weigh In On CCC Intelligent Solutions

Institutional investors have recently modified their holdings of the business. American International Group Inc. raised its stake in CCC Intelligent Solutions by 68.6% in the 1st quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after purchasing an additional 1,135 shares during the last quarter. Amalgamated Bank boosted its stake in shares of CCC Intelligent Solutions by 5.8% during the 3rd quarter. Amalgamated Bank now owns 23,722 shares of the company’s stock valued at $262,000 after buying an additional 1,299 shares during the last quarter. Bradley Foster & Sargent Inc. CT raised its position in shares of CCC Intelligent Solutions by 2.1% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 67,047 shares of the company’s stock valued at $745,000 after acquiring an additional 1,390 shares in the last quarter. Hardy Reed LLC raised its position in shares of CCC Intelligent Solutions by 7.1% during the 3rd quarter. Hardy Reed LLC now owns 21,540 shares of the company’s stock valued at $238,000 after acquiring an additional 1,430 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of CCC Intelligent Solutions by 15.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock valued at $132,000 after acquiring an additional 1,564 shares in the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

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.