CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo Sells 4,606 Shares

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo sold 4,606 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $11.88, for a total transaction of $54,719.28. Following the completion of the transaction, the chief accounting officer now directly owns 14,154 shares of the company’s stock, valued at approximately $168,149.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, March 8th, Rodney Christo sold 30,000 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $12.50, for a total value of $375,000.00.

CCC Intelligent Solutions Price Performance

NYSE:CCCS opened at $11.90 on Thursday. The stock has a 50 day moving average of $11.51 and a two-hundred day moving average of $11.55. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $8.36 and a 12 month high of $13.41. The firm has a market cap of $7.20 billion, a P/E ratio of 74.62 and a beta of 0.61. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.43.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $228.60 million during the quarter, compared to analyst estimates of $222.80 million. CCC Intelligent Solutions had a negative net margin of 10.67% and a positive return on equity of 5.80%. On average, analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CCC Intelligent Solutions

Institutional investors have recently bought and sold shares of the company. Toroso Investments LLC lifted its stake in shares of CCC Intelligent Solutions by 6.1% in the 3rd quarter. Toroso Investments LLC now owns 15,768 shares of the company’s stock valued at $211,000 after purchasing an additional 905 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of CCC Intelligent Solutions by 21.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,403 shares of the company’s stock worth $61,000 after purchasing an additional 968 shares during the period. Federated Hermes Inc. increased its holdings in CCC Intelligent Solutions by 1.6% in the 3rd quarter. Federated Hermes Inc. now owns 65,231 shares of the company’s stock valued at $871,000 after purchasing an additional 997 shares during the last quarter. Wealth Alliance raised its position in CCC Intelligent Solutions by 9.4% in the third quarter. Wealth Alliance now owns 12,036 shares of the company’s stock valued at $161,000 after purchasing an additional 1,033 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of CCC Intelligent Solutions by 0.9% during the fourth quarter. Legal & General Group Plc now owns 128,331 shares of the company’s stock worth $1,116,000 after buying an additional 1,158 shares during the period. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CCCS has been the topic of a number of recent analyst reports. Citigroup restated a “buy” rating and issued a $13.00 price target on shares of CCC Intelligent Solutions in a report on Thursday, February 8th. Barclays increased their price objective on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. Evercore ISI upped their target price on CCC Intelligent Solutions from $13.00 to $15.00 and gave the company an “outperform” rating in a research report on Wednesday, March 13th. Morgan Stanley started coverage on CCC Intelligent Solutions in a research note on Tuesday, December 12th. They issued an “equal weight” rating and a $13.00 price objective for the company. Finally, Barrington Research restated an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, CCC Intelligent Solutions has an average rating of “Moderate Buy” and a consensus target price of $13.63.

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.