Insider Selling: CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Sells $101,257.50 in Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Githesh Ramamurthy sold 8,805 shares of CCC Intelligent Solutions stock in a transaction on Monday, November 11th. The stock was sold at an average price of $11.50, for a total transaction of $101,257.50. Following the sale, the insider now directly owns 4,798,040 shares of the company’s stock, valued at $55,177,460. This represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, November 7th, Githesh Ramamurthy sold 9,348 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.50, for a total transaction of $107,502.00.

CCC Intelligent Solutions Price Performance

CCCS stock opened at $11.84 on Friday. The firm’s 50-day moving average price is $10.93 and its two-hundred day moving average price is $10.99. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $9.79 and a 12-month high of $12.68. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 77.47, a PEG ratio of 6.67 and a beta of 0.63. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The firm had revenue of $238.48 million for the quarter, compared to analysts’ expectations of $237.41 million. During the same quarter in the previous year, the company earned $0.03 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On CCC Intelligent Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the stock. American International Group Inc. increased its position in shares of CCC Intelligent Solutions by 68.6% during the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after buying an additional 1,135 shares during the period. Amalgamated Bank increased its position in shares of CCC Intelligent Solutions by 5.8% during the third quarter. Amalgamated Bank now owns 23,722 shares of the company’s stock valued at $262,000 after buying an additional 1,299 shares during the period. Bradley Foster & Sargent Inc. CT increased its position in shares of CCC Intelligent Solutions by 2.1% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 67,047 shares of the company’s stock valued at $745,000 after buying an additional 1,390 shares during the period. Hardy Reed LLC increased its position in shares of CCC Intelligent Solutions by 7.1% during the third quarter. Hardy Reed LLC now owns 21,540 shares of the company’s stock valued at $238,000 after buying an additional 1,430 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in shares of CCC Intelligent Solutions by 15.2% during the second quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock valued at $132,000 after buying an additional 1,564 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CCCS. JPMorgan Chase & Co. decreased their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Barrington Research reiterated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Bank of America began coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 target price on the stock. Morgan Stanley upgraded shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $14.00 to $15.00 in a research report on Wednesday. Finally, Jefferies Financial Group decreased their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.78.

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.