Githesh Ramamurthy Sells 9,348 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Githesh Ramamurthy sold 9,348 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $11.50, for a total value of $107,502.00. Following the transaction, the insider now owns 4,798,040 shares of the company’s stock, valued at approximately $55,177,460. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, November 11th, Githesh Ramamurthy sold 8,805 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.50, for a total value of $101,257.50.

CCC Intelligent Solutions Stock Up 1.0 %

CCC Intelligent Solutions stock opened at $11.62 on Thursday. 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 $10.91 and a two-hundred day moving average of $10.99. The firm has a market cap of $7.27 billion, a P/E ratio of 581.29, a P/E/G ratio of 6.60 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 Ratings Changes

Several research analysts recently commented on the stock. Morgan Stanley raised shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $14.00 to $15.00 in a research note on Wednesday. Jefferies Financial Group dropped 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 research note on Wednesday, July 31st. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Barclays lowered their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. reduced their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.78.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Glenmede Trust Co. NA lifted its holdings in shares of CCC Intelligent Solutions by 22.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 57,073 shares of the company’s stock valued at $631,000 after purchasing an additional 10,334 shares during the last quarter. Hardy Reed LLC lifted its stake in shares of 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 period. Townsquare Capital LLC grew its stake in CCC Intelligent Solutions by 50.5% during the 3rd quarter. Townsquare Capital LLC now owns 22,863 shares of the company’s stock valued at $253,000 after purchasing an additional 7,667 shares during the last quarter. FMR LLC boosted its position in CCC Intelligent Solutions by 5.9% in the third quarter. FMR LLC now owns 677,262 shares of the company’s stock valued at $7,484,000 after buying an additional 37,865 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of CCC Intelligent Solutions by 32.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 113,516 shares of the company’s stock valued at $1,254,000 after acquiring an additional 27,555 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

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.