CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Githesh Ramamurthy Sells 24,541 Shares

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Githesh Ramamurthy sold 24,541 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $11.50, for a total value of $282,221.50. Following the sale, the insider now owns 6,463,840 shares of the company’s stock, valued at approximately $74,334,160. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Wednesday, May 22nd, Githesh Ramamurthy sold 1,000,000 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.78, for a total value of $11,780,000.00.
• On Wednesday, April 24th, Githesh Ramamurthy sold 57,619 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.52, for a total value of $663,770.88.
• On Monday, April 22nd, Githesh Ramamurthy sold 297 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.52, for a total value of $3,421.44.

CCC Intelligent Solutions Trading Down 3.4 %

Shares of NYSE CCCS opened at $11.11 on Friday. The company has a market cap of $6.91 billion, a price-to-earnings ratio of -52.90, a price-to-earnings-growth ratio of 5.52 and a beta of 0.62. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $10.32 and a 12-month high of $13.41. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.43. The stock’s 50 day simple moving average is $11.31 and its 200 day simple moving average is $11.40.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $227.24 million during the quarter, compared to the consensus estimate of $225.21 million. CCC Intelligent Solutions had a positive return on equity of 4.52% and a negative net margin of 10.85%. Equities research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CCCS shares. Evercore ISI increased their target price on CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Barrington Research reaffirmed an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a report on Wednesday, May 1st. Finally, 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 report on Friday, March 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, CCC Intelligent Solutions has a consensus rating of “Moderate Buy” and an average target price of $13.63.

Institutional Trading of CCC Intelligent Solutions

Hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of CCC Intelligent Solutions by 25.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,181,338 shares of the company’s stock worth $24,845,000 after purchasing an additional 435,866 shares during the last quarter. Trexquant Investment LP bought a new stake in CCC Intelligent Solutions during the 4th quarter valued at $2,059,000. Teca Partners LP raised its stake in CCC Intelligent Solutions by 16.7% during the 4th quarter. Teca Partners LP now owns 1,325,345 shares of the company’s stock valued at $15,096,000 after acquiring an additional 189,677 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in CCC Intelligent Solutions during the 1st quarter valued at $4,086,000. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in CCC Intelligent Solutions by 6.1% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 2,225,063 shares of the company’s stock valued at $25,343,000 after acquiring an additional 127,738 shares in the last quarter. 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.