CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS – Get Free Report) insider Brian Herb sold 19,742 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $11.88, for a total transaction of $234,534.96. Following the completion of the transaction, the insider now directly owns 288,076 shares of the company’s stock, valued at $3,422,342.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Brian Herb also recently made the following trade(s):
- On Thursday, March 7th, Brian Herb sold 23,521 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.81, for a total value of $277,783.01.
CCC Intelligent Solutions Price Performance
NYSE:CCCS opened at $11.90 on Thursday. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 74.62 and a beta of 0.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.29 and a quick ratio of 2.29. The business has a 50 day simple moving average of $11.51 and a 200-day simple moving average of $11.55. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.36 and a 1 year high of $13.41.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on CCCS shares. Barclays raised their price objective on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, February 29th. 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. Citigroup reiterated a “buy” rating and set a $13.00 price objective on shares of CCC Intelligent Solutions in a research note on Thursday, February 8th. Piper Sandler increased their target price on CCC Intelligent Solutions from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Finally, Evercore ISI lifted their price target on CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 13th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, CCC Intelligent Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $13.63.
View Our Latest Stock Report on CCCS
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. HighPoint Advisor Group LLC purchased a new stake in CCC Intelligent Solutions in the 4th quarter valued at about $261,000. Quadrature Capital Ltd increased its holdings in CCC Intelligent Solutions by 238.9% during the 4th quarter. Quadrature Capital Ltd now owns 143,762 shares of the company’s stock worth $1,638,000 after purchasing an additional 101,348 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of CCC Intelligent Solutions by 66.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 35,818 shares of the company’s stock worth $408,000 after buying an additional 14,293 shares during the period. Vanguard Group Inc. increased its stake in shares of CCC Intelligent Solutions by 34.0% during the fourth quarter. Vanguard Group Inc. now owns 23,809,077 shares of the company’s stock valued at $271,185,000 after buying an additional 6,043,282 shares during the period. Finally, Wellington Management Group LLP purchased a new position in shares of CCC Intelligent Solutions during the fourth quarter valued at $14,163,000. 95.79% of the stock is currently owned by institutional investors.
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.
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