CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Mary Jo Prigge Sells 2,489 Shares

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Mary Jo Prigge sold 2,489 shares of CCC Intelligent Solutions stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $12.00, for a total value of $29,868.00. Following the completion of the sale, the insider now owns 97,268 shares in the company, valued at approximately $1,167,216. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

CCC Intelligent Solutions Trading Down 0.6 %

Shares of CCCS stock opened at $11.77 on Friday. The company has a 50-day moving average of $10.96 and a two-hundred day moving average of $11.00. The firm has a market cap of $7.36 billion, a PE ratio of 78.47, a price-to-earnings-growth ratio of 6.76 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $9.79 and a 1-year high of $12.68. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS) last posted 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. 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 for the quarter, compared to analyst estimates of $237.41 million. During the same quarter in the prior year, the company earned $0.03 EPS. CCC Intelligent Solutions’s revenue was up 7.8% on a year-over-year basis. On average, analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

Hedge Funds Weigh In On CCC Intelligent Solutions

Institutional investors have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. grew its stake in CCC Intelligent Solutions by 5.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 32,082 shares of the company’s stock worth $384,000 after purchasing an additional 1,619 shares in the last quarter. Swiss National Bank grew its position in shares of CCC Intelligent Solutions by 14.5% during the first quarter. Swiss National Bank now owns 475,900 shares of the company’s stock worth $5,692,000 after buying an additional 60,400 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of CCC Intelligent Solutions by 0.6% during the first quarter. Russell Investments Group Ltd. now owns 278,964 shares of the company’s stock worth $3,336,000 after buying an additional 1,622 shares during the period. Orion Portfolio Solutions LLC increased its stake in shares of CCC Intelligent Solutions by 27.5% during the first quarter. Orion Portfolio Solutions LLC now owns 190,057 shares of the company’s stock worth $2,273,000 after buying an additional 40,969 shares during the period. Finally, Twin Tree Management LP acquired a new stake in CCC Intelligent Solutions in the first quarter valued at approximately $53,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analyst Upgrades and Downgrades

CCCS has been the topic of a number of research analyst reports. 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 research note on Tuesday, October 29th. Barclays lowered their price target 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 initiated coverage on CCC Intelligent Solutions in a report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 target price 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 dropped their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, CCC Intelligent Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $13.78.

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.