CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Mary Jo Prigge Sells 2,489 Shares

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Mary Jo Prigge sold 2,489 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $12.00, for a total transaction of $29,868.00. Following the transaction, the insider now owns 97,268 shares of the company’s stock, valued at $1,167,216. This represents a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

CCC Intelligent Solutions Price Performance

Shares of CCCS opened at $11.77 on Friday. The business’s 50-day moving average is $10.96 and its 200-day moving average is $11.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 588.50, a P/E/G ratio of 6.67 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $9.79 and a fifty-two week high of $12.68.

CCC Intelligent Solutions (NYSE:CCCS) last issued its earnings results 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 company had revenue of $238.48 million during the quarter, compared to analyst estimates of $237.41 million. During the same quarter last year, the business posted $0.03 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Dragoneer Investment Group LLC grew its stake in shares of CCC Intelligent Solutions by 31.5% in the 2nd quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock valued at $176,704,000 after buying an additional 3,809,200 shares in the last quarter. Comerica Bank grew its position in CCC Intelligent Solutions by 103.1% in the first quarter. Comerica Bank now owns 774,261 shares of the company’s stock worth $9,260,000 after acquiring an additional 392,966 shares in the last quarter. Swiss National Bank increased its stake in shares of CCC Intelligent Solutions by 14.5% during the 1st quarter. Swiss National Bank now owns 475,900 shares of the company’s stock worth $5,692,000 after purchasing an additional 60,400 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of CCC Intelligent Solutions by 200.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 203,543 shares of the company’s stock valued at $2,261,000 after purchasing an additional 135,710 shares in the last quarter. Finally, Element Capital Management LLC acquired a new stake in shares of CCC Intelligent Solutions in the 2nd quarter valued at $7,941,000. 95.79% of the stock is owned by institutional investors and hedge funds.

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.