CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo Sells 9,916 Shares of Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo sold 9,916 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $12.67, for a total transaction of $125,635.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, November 22nd, Rodney Christo sold 65,084 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $12.52, for a total transaction of $814,851.68.
• On Wednesday, November 20th, Rodney Christo sold 75,000 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $12.01, for a total transaction of $900,750.00.
• 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 value of $885,000.00.

CCC Intelligent Solutions Price Performance

CCC Intelligent Solutions stock opened at $12.62 on Wednesday. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 631.32, a PEG ratio of 6.87 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $9.79 and a 52-week high of $12.83. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The stock’s 50 day moving average price is $11.14 and its two-hundred day moving average price is $11.06.

CCC Intelligent Solutions (NYSE:CCCS) last issued its earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $238.48 million for the quarter, compared to analyst estimates of $237.41 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. CCC Intelligent Solutions’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 earnings per share. On average, equities analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CCCS shares. JPMorgan Chase & Co. lowered their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Barclays cut their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Bank of America began 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. Barrington Research reiterated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th. Finally, Jefferies Financial Group decreased their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, CCC Intelligent Solutions currently has an average rating of “Moderate Buy” and an average price target of $13.78.

Institutional Trading of CCC Intelligent Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCCS. American International Group Inc. grew its stake in CCC Intelligent Solutions by 68.6% in the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after acquiring an additional 1,135 shares during the period. Amalgamated Bank grew its position in CCC Intelligent Solutions by 5.8% in the 3rd quarter. Amalgamated Bank now owns 23,722 shares of the company’s stock valued at $262,000 after purchasing an additional 1,299 shares during the period. Bradley Foster & Sargent Inc. CT increased its stake in 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 purchasing an additional 1,390 shares in the last quarter. Hardy Reed LLC raised its holdings in CCC Intelligent Solutions by 7.1% during the third quarter. Hardy Reed LLC now owns 21,540 shares of the company’s stock worth $238,000 after buying an additional 1,430 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of CCC Intelligent Solutions by 15.2% in the second quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock valued at $132,000 after buying an additional 1,564 shares in the last quarter. 95.79% of the stock is owned by institutional investors.

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.