CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo Sells 4,177 Shares

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo sold 4,177 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total value of $42,772.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

CCC Intelligent Solutions Trading Down 0.4 %

NYSE:CCCS traded down $0.04 during mid-day trading on Thursday, reaching $10.22. 9,418,653 shares of the company’s stock traded hands, compared to its average volume of 3,803,769. The company has a 50 day moving average price of $11.29 and a 200-day moving average price of $11.37. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of -48.67 and a beta of 0.62. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.53 and a quick ratio of 2.53. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $10.05 and a 12-month high of $13.41.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.09 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 analyst estimates of $230.16 million. CCC Intelligent Solutions had a return on equity of 5.17% and a net margin of 2.36%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 earnings per share. On average, sell-side analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

Institutional Trading of CCC Intelligent Solutions

Several institutional investors and hedge funds have recently bought and sold shares of CCCS. Banque Cantonale Vaudoise lifted 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 during the period. American International Group Inc. boosted its holdings in shares of CCC Intelligent Solutions by 68.6% during the 1st quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after buying an additional 1,135 shares in the last quarter. CWM LLC grew its position in shares of CCC Intelligent Solutions by 352.6% in the 2nd quarter. CWM LLC now owns 3,105 shares of the company’s stock worth $34,000 after buying an additional 2,419 shares during the period. Park Place Capital Corp increased its stake in shares of CCC Intelligent Solutions by 65.9% in the 4th quarter. Park Place Capital Corp now owns 4,175 shares of the company’s stock worth $48,000 after acquiring an additional 1,659 shares in the last quarter. Finally, Twin Tree Management LP purchased a new position in CCC Intelligent Solutions during the 1st quarter valued at about $53,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on CCCS shares. Jefferies Financial Group reduced their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday. Barrington Research reiterated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.56.

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.