Michael John Silva Sells 29,022 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Michael John Silva sold 29,022 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $10.75, for a total value of $311,986.50. Following the sale, the insider now directly owns 30,172 shares in the company, valued at approximately $324,349. The sale was disclosed in a filing with the SEC, which is accessible through this link.

CCC Intelligent Solutions Price Performance

CCC Intelligent Solutions stock traded up $0.14 during mid-day trading on Friday, hitting $10.94. 1,945,455 shares of the company traded hands, compared to its average volume of 3,672,414. The stock has a fifty day moving average price of $10.94 and a 200-day moving average price of $11.31. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of -52.14 and a beta of 0.62. CCC Intelligent Solutions Holdings Inc. has a one year low of $9.79 and a one year high of $13.41. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.53 and a current ratio of 2.79.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $232.60 million during the quarter, compared to the consensus estimate of $230.16 million. CCC Intelligent Solutions had a net margin of 2.36% and a return on equity of 5.16%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 EPS. On average, equities analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

CCCS has been the topic of several analyst reports. Jefferies Financial Group decreased their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Barrington Research reaffirmed an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a report on Wednesday, July 31st. Finally, Bank of America began coverage on shares of CCC Intelligent Solutions in a report on Tuesday. They issued a “buy” rating and a $15.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, CCC Intelligent Solutions presently has an average rating of “Moderate Buy” and an average target price of $13.78.

Hedge Funds Weigh In On CCC Intelligent Solutions

Institutional investors have recently modified their holdings of the company. Wedmont Private Capital boosted its stake in CCC Intelligent Solutions by 9.7% in the first quarter. Wedmont Private Capital now owns 12,266 shares of the company’s stock worth $146,000 after buying an additional 1,082 shares in the last quarter. American International Group Inc. lifted its holdings in shares of CCC Intelligent Solutions by 68.6% in the 1st quarter. American International Group Inc. now owns 2,789 shares of the company’s stock worth $33,000 after acquiring an additional 1,135 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of CCC Intelligent Solutions by 2.1% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 67,047 shares of the company’s stock worth $745,000 after acquiring an additional 1,390 shares during the last quarter. Banque Cantonale Vaudoise boosted its stake in shares of CCC Intelligent Solutions by 128.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock valued at $30,000 after purchasing an additional 1,424 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings 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 purchasing an additional 1,564 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors.

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.