CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS – Get Rating) insider Mary Jo Prigge sold 102,165 shares of CCC Intelligent Solutions stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this hyperlink.
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 stock was sold at an average price of $9.83, for a total value of $1,134,598.26.
CCC Intelligent Solutions Stock Performance
Shares of CCCS stock traded up $0.12 during trading on Friday, reaching $9.66. 1,919,982 shares of the company's stock were exchanged, compared to its average volume of 1,188,773. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $5.96 billion, a PE ratio of -24.15, a PEG ratio of 1.67 and a beta of 0.86. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $7.41 and a twelve month high of $13.46. The firm's fifty day moving average price is $9.59 and its 200-day moving average price is $9.62.
CCC Intelligent Solutions (NYSE:CCCS – Get Rating) last posted its earnings results on Thursday, August 4th. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). The business had revenue of $192.79 million for the quarter, compared to analyst estimates of $189.80 million. CCC Intelligent Solutions had a negative return on equity of 0.45% and a negative net
margin of 29.61%. As a group, sell-side analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.24 EPS for the current year.
Analysts Set New Price Targets
A number of research firms recently weighed in on CCCS. Bank of America began coverage on CCC Intelligent Solutions in a research report on Friday, June 3rd. They set a "buy" rating and a $13.00 target price on the stock. Jefferies Financial Group started coverage on CCC Intelligent Solutions in a research note on Friday, July 8th. They issued a "buy" rating and a $12.00 target price for the company. The Goldman Sachs Group upgraded 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. Piper Sandler initiated coverage on CCC Intelligent Solutions in a report on Monday, August 8th. They issued a "neutral" rating and a $11.00 price target on the stock. Finally, William Blair reiterated an "outperform" rating on shares of CCC Intelligent Solutions in a report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $11.83.
Institutional Trading of CCC Intelligent Solutions
Several institutional investors and hedge funds have recently modified their holdings of the business. Captrust Financial Advisors acquired a new position in CCC Intelligent Solutions in the 2nd quarter worth about $53,000. Legal & General Group Plc increased its stake in shares of CCC Intelligent Solutions by 51.3% in the second quarter. Legal & General Group Plc now owns 130,376 shares of the company's stock valued at $1,200,000 after buying an additional 44,199 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of CCC Intelligent Solutions during the 2nd quarter valued at about $1,076,000. Price T Rowe Associates Inc. MD boosted its position in shares of CCC Intelligent Solutions by 76.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 30,087,903 shares of the company's stock valued at $276,809,000 after purchasing an additional 13,003,752 shares in the last quarter. Finally, Parkwood LLC boosted its position in shares of CCC Intelligent Solutions by 95.0% during the 2nd quarter. Parkwood LLC now owns 58,855 shares of the company's stock valued at $59,000 after purchasing an additional 28,679 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors.
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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