CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS – Get Rating) insider Mary Jo Prigge sold 102,165 shares of the business's stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $9.53, for a total value of $973,632.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Mary Jo Prigge also recently made the following trade(s):
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- On Monday, August 8th, Mary Jo Prigge sold 115,422 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $9.83, for a total value of $1,134,598.26.
CCC Intelligent Solutions Stock Performance
CCC Intelligent Solutions stock traded up $0.12 during trading hours on Friday, hitting $9.66. The company had a trading volume of 1,919,982 shares, compared to its average volume of 1,188,773. The firm has a market cap of $5.96 billion, a PE ratio of -24.15, a PEG ratio of 1.67 and a beta of 0.86. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.46 and a quick ratio of 2.46. CCC Intelligent Solutions Holdings Inc. has a one year low of $7.41 and a one year high of $13.46. The firm has a 50-day moving average of $9.59 and a 200 day moving average of $9.62.
CCC Intelligent Solutions (NYSE:CCCS – Get Rating) last announced its earnings results on Thursday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). CCC Intelligent Solutions had a negative return on equity of 0.45% and a negative net
margin of 29.61%. The business had revenue of $192.79 million for the quarter, compared to analyst estimates of $189.80 million. On average, sell-side analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.24 earnings per share for the current year.
Institutional Trading of CCC Intelligent Solutions
Hedge funds have recently added to or reduced their stakes in the stock. Psagot Value Holdings Ltd. Israel raised its stake in shares of CCC Intelligent Solutions by 128.5% during the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 2,324 shares of the company's stock valued at $26,000 after acquiring an additional 1,307 shares during the last quarter. Captrust Financial Advisors bought a new position in CCC Intelligent Solutions during the second quarter worth $53,000. Quantbot Technologies LP raised its stake in CCC Intelligent Solutions by 252.1% during the first quarter. Quantbot Technologies LP now owns 5,735 shares of the company's stock worth $63,000 after buying an additional 4,106 shares during the last quarter. Royal Bank of Canada raised its stake in CCC Intelligent Solutions by 277.6% during the first quarter. Royal Bank of Canada now owns 7,696 shares of the company's stock worth $85,000 after buying an additional 5,658 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in CCC Intelligent Solutions during the second quarter worth $100,000. Institutional investors and hedge funds own 96.20% of the company's stock.
Analysts Set New Price Targets
CCCS has been the subject of several recent analyst reports. William Blair reaffirmed an "outperform" rating on shares of CCC Intelligent Solutions in a research report on Friday, August 5th. Jefferies Financial Group assumed coverage on CCC Intelligent Solutions in a research report on Friday, July 8th. They issued a "buy" rating and a $12.00 price target on the stock. Piper Sandler began coverage on CCC Intelligent Solutions in a research report on Monday, August 8th. They set a "neutral" rating and a $11.00 target price on the stock. Bank of America assumed coverage on CCC Intelligent Solutions in a report on Friday, June 3rd. They set a "buy" rating and a $13.00 price objective on the stock. Finally, The Goldman Sachs Group upgraded shares of CCC Intelligent Solutions from a "neutral" rating to a "buy" rating and set a $12.00 target price for the company in a research note on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $11.83.
CCC Intelligent Solutions Company Profile
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CCC Intelligent Solutions Holdings Inc provides cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. It SaaS platform digitizes mission-critical AI-enabled workflows, facilitates commerce, and connects businesses across the insurance economy, including insurance carriers, collision repairers, parts suppliers, automotive manufactures, financial institution, and others.
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