CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS – Get Free Report) 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 – Get Free Report) 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
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.
Get Our Latest Stock Analysis on CCC Intelligent Solutions
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.
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