CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Githesh Ramamurthy Sells 8,805 Shares

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Githesh Ramamurthy sold 8,805 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $11.50, for a total value of $101,257.50. Following the completion of the sale, the insider now owns 4,798,040 shares in the company, valued at approximately $55,177,460. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Githesh Ramamurthy also recently made the following trade(s):

• On Thursday, November 7th, Githesh Ramamurthy sold 9,348 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.50, for a total value of $107,502.00.

CCC Intelligent Solutions Stock Up 0.7 %

CCC Intelligent Solutions stock opened at $11.50 on Wednesday. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $9.79 and a twelve month high of $12.68. The business has a fifty day moving average of $10.89 and a two-hundred day moving average of $10.98. The firm has a market cap of $7.19 billion, a P/E ratio of 575.00, a P/E/G ratio of 6.55 and a beta of 0.63. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. 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 business posted $0.03 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Barclays lowered 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. Barrington Research reaffirmed an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Jefferies Financial Group lowered their price target 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. Finally, Bank of America initiated coverage on CCC Intelligent Solutions in a report on Tuesday, August 20th. They set a “buy” rating and a $15.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, CCC Intelligent Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.56.

Institutional Trading of CCC Intelligent Solutions

A number of institutional investors have recently modified their holdings of the company. Sei Investments Co. raised its stake in shares of CCC Intelligent Solutions by 15.3% during the 1st quarter. Sei Investments Co. now owns 1,887,533 shares of the company’s stock worth $22,575,000 after acquiring an additional 250,314 shares in the last quarter. Dragoneer Investment Group LLC grew its holdings in 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 worth $176,704,000 after purchasing an additional 3,809,200 shares during the last quarter. Comerica Bank increased its position in shares of CCC Intelligent Solutions by 103.1% during the first quarter. Comerica Bank now owns 774,261 shares of the company’s stock worth $9,260,000 after purchasing an additional 392,966 shares in the last quarter. Swiss National Bank lifted its holdings in shares of CCC Intelligent Solutions by 14.5% during the 1st quarter. Swiss National Bank now owns 475,900 shares of the company’s stock valued at $5,692,000 after purchasing an additional 60,400 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of CCC Intelligent Solutions by 200.1% in the 2nd 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. 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.