CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) SVP Sells $117,267.48 in Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) SVP Marc Fredman sold 9,871 shares of the company’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 $117,267.48. Following the sale, the senior vice president now directly owns 212,542 shares in the company, valued at $2,524,998.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Marc Fredman also recently made the following trade(s):

• On Monday, March 18th, Marc Fredman sold 239,990 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.84, for a total transaction of $2,841,481.60.
• On Thursday, March 14th, Marc Fredman sold 324,952 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $12.15, for a total transaction of $3,948,166.80.

CCC Intelligent Solutions Stock Down 0.3 %

CCCS stock opened at $11.90 on Thursday. CCC Intelligent Solutions Holdings Inc. has a one year low of $8.36 and a one year high of $13.41. The stock has a market capitalization of $7.20 billion, a PE ratio of 74.62 and a beta of 0.61. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.29 and a current ratio of 2.29. The company has a fifty day moving average of $11.51 and a 200-day moving average of $11.55.

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

Wall Street Analyst Weigh In

CCCS has been the topic of a number of recent analyst reports. Citigroup reissued a “buy” rating and issued a $13.00 price objective on shares of CCC Intelligent Solutions in a research report on Thursday, February 8th. Piper Sandler increased their price objective on shares of CCC Intelligent Solutions from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Barrington Research restated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Thursday, February 29th. Morgan Stanley assumed coverage on shares of CCC Intelligent Solutions in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $13.00 target price for the company. Finally, Barclays upped their target price on shares of CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.63.

Hedge Funds Weigh In On CCC Intelligent Solutions

A number of large investors have recently made changes to their positions in the stock. Toroso Investments LLC increased its holdings 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 in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of CCC Intelligent Solutions by 21.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,403 shares of the company’s stock valued at $61,000 after purchasing an additional 968 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of 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 in the last quarter. Wealth Alliance increased its holdings in shares of CCC Intelligent Solutions by 9.4% in the 3rd quarter. Wealth Alliance now owns 12,036 shares of the company’s stock valued at $161,000 after purchasing an additional 1,033 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of CCC Intelligent Solutions by 0.9% in the 4th quarter. Legal & General Group Plc now owns 128,331 shares of the company’s stock valued at $1,116,000 after purchasing an additional 1,158 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.