Mary Jo Prigge Sells 80,724 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Mary Jo Prigge sold 80,724 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $12.52, for a total value of $1,010,664.48. Following the completion of the sale, the insider now directly owns 97,268 shares of the company’s stock, valued at $1,217,795.36. The trade was a 45.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Mary Jo Prigge also recently made the following trade(s):

• On Monday, November 25th, Mary Jo Prigge sold 19,276 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $12.67, for a total value of $244,226.92.
• On Wednesday, November 20th, Mary Jo Prigge sold 97,511 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $12.01, for a total value of $1,171,107.11.
• On Wednesday, November 13th, Mary Jo Prigge sold 2,489 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $12.00, for a total value of $29,868.00.

CCC Intelligent Solutions Trading Down 0.9 %

Shares of NYSE CCCS opened at $12.62 on Wednesday. The stock’s 50 day moving average price is $11.14 and its two-hundred day moving average price is $11.06. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $9.79 and a 52-week high of $12.83. The stock has a market capitalization of $7.89 billion, a P/E ratio of 631.32, a PEG ratio of 6.87 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 announced its quarterly earnings data 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. 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 for the quarter, compared to analysts’ expectations of $237.41 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share. CCC Intelligent Solutions’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCCS has been the subject of several analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price target 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 price target 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. Morgan Stanley raised CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $14.00 to $15.00 in a report on Wednesday, November 13th. Finally, Barclays reduced 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, CCC Intelligent Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $13.78.

Institutional Trading of CCC Intelligent Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of CCC Intelligent Solutions by 17.7% during the 1st quarter. Vanguard Group Inc. now owns 28,034,997 shares of the company’s stock worth $335,299,000 after purchasing an additional 4,225,920 shares during the period. American International Group Inc. raised its position 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 worth $33,000 after purchasing an additional 1,135 shares during the period. Teca Partners LP raised its position in shares of CCC Intelligent Solutions by 46.3% during the 1st quarter. Teca Partners LP now owns 1,938,415 shares of the company’s stock worth $23,183,000 after purchasing an additional 613,070 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of CCC Intelligent Solutions by 63.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 169,261 shares of the company’s stock worth $2,025,000 after purchasing an additional 65,743 shares during the period. Finally, Public Employees Retirement Association of Colorado acquired a new stake in shares of CCC Intelligent Solutions during the 1st quarter worth approximately $398,000. Institutional investors and hedge funds 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.