Rodney Christo Sells 75,000 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $12.01, for a total value of $900,750.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Rodney Christo also recently made the following trade(s):

• On Thursday, November 14th, Rodney Christo sold 75,000 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.80, for a total value of $885,000.00.

CCC Intelligent Solutions Trading Up 1.1 %

CCC Intelligent Solutions stock opened at $12.47 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 82.27, a PEG ratio of 7.08 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a one year low of $9.79 and a one year high of $12.68. The company’s fifty day moving average price is $11.10 and its two-hundred day moving average price is $11.04.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $238.48 million for the quarter, compared to the consensus estimate of $237.41 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $0.03 earnings per share. On average, analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CCC Intelligent Solutions

Several hedge funds have recently made changes to their positions in CCCS. Ghisallo Capital Management LLC bought a new stake in shares of CCC Intelligent Solutions in the second quarter valued at about $132,917,000. Principal Financial Group Inc. lifted its stake in shares of CCC Intelligent Solutions by 37.8% in the second quarter. Principal Financial Group Inc. now owns 25,250,230 shares of the company’s stock valued at $280,530,000 after buying an additional 6,921,161 shares during the period. Massachusetts Financial Services Co. MA bought a new position in CCC Intelligent Solutions during the second quarter worth about $70,844,000. Van Berkom & Associates Inc. bought a new position in CCC Intelligent Solutions during the second quarter worth about $61,605,000. Finally, Wasatch Advisors LP lifted its stake in CCC Intelligent Solutions by 49.1% during the third quarter. Wasatch Advisors LP now owns 14,331,030 shares of the company’s stock worth $158,358,000 after purchasing an additional 4,716,587 shares during the period. Institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CCCS. Barrington Research reiterated an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Bank of America initiated coverage on CCC Intelligent Solutions in a research report on Tuesday, August 20th. They set a “buy” rating and a $15.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Jefferies Financial Group reduced their target price 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, Morgan Stanley upgraded CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $14.00 to $15.00 in a report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.