Githesh Ramamurthy Sells 8,805 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Githesh Ramamurthy sold 8,805 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $11.50, for a total value of $101,257.50. Following the completion of the sale, the insider now directly owns 4,798,040 shares of the company’s stock, valued at $55,177,460. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, November 7th, Githesh Ramamurthy sold 9,348 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.50, for a total value of $107,502.00.

CCC Intelligent Solutions Stock Performance

NYSE CCCS traded up $0.08 on Tuesday, hitting $11.50. 3,128,331 shares of the company traded hands, compared to its average volume of 3,401,323. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 571.00, a P/E/G ratio of 6.55 and a beta of 0.63. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average price is $10.87 and its 200-day moving average price is $10.98. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $9.79 and a 52-week high of $12.68.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.10 EPS for the quarter, beating 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 business had revenue of $238.48 million for the quarter, compared to the consensus estimate of $237.41 million. During the same period in the previous year, the business earned $0.03 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Equities analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barclays decreased their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. 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. 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 research report on Tuesday, October 29th. Bank of America began coverage on CCC Intelligent Solutions in a research report on Tuesday, August 20th. They set a “buy” rating and a $15.00 price objective on the stock. Finally, Jefferies Financial Group reduced their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.56.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CCCS. Westfield Capital Management Co. LP increased its position in shares of CCC Intelligent Solutions by 4.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 4,299,865 shares of the company’s stock valued at $47,514,000 after acquiring an additional 176,251 shares during the period. Cerity Partners LLC boosted its stake in shares of CCC Intelligent Solutions by 16.3% during the 3rd quarter. Cerity Partners LLC now owns 243,118 shares of the company’s stock worth $2,686,000 after acquiring an additional 34,092 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of CCC Intelligent Solutions by 20.9% during the 3rd quarter. Raymond James Trust N.A. now owns 30,309 shares of the company’s stock worth $335,000 after acquiring an additional 5,231 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in CCC Intelligent Solutions by 63.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 671,968 shares of the company’s stock valued at $7,667,000 after buying an additional 261,376 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in CCC Intelligent Solutions by 26.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,811,792 shares of the company’s stock valued at $42,120,000 after buying an additional 801,320 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

About CCC Intelligent Solutions

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.