CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) CAO Rodney Christo sold 4,606 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $11.88, for a total transaction of $54,719.28. Following the sale, the chief accounting officer now owns 14,154 shares in the company, valued at approximately $168,149.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Rodney Christo also recently made the following trade(s):
- On Friday, March 8th, Rodney Christo sold 30,000 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $12.50, for a total value of $375,000.00.
CCC Intelligent Solutions Price Performance
NYSE:CCCS opened at $11.90 on Thursday. The company has a market capitalization of $7.20 billion, a price-to-earnings 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. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $8.36 and a 52 week high of $13.41. The company has a 50-day moving average of $11.51 and a 200-day moving average of $11.55.
CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.04 earnings per share 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 for the quarter, compared to analyst estimates of $222.80 million. As a group, equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.18 earnings per share for the current fiscal year.
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A number of equities research analysts have weighed in on the company. Barrington Research restated an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, February 29th. Morgan Stanley began coverage on CCC Intelligent Solutions in a research report on Tuesday, December 12th. They set an "equal weight" rating and a $13.00 price target on the stock. Barclays increased their target price on shares of CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 29th. Evercore ISI boosted their target price on CCC Intelligent Solutions from $13.00 to $15.00 and gave the company an "outperform" rating in a research note on Wednesday, March 13th. Finally, Citigroup reissued a "buy" rating and issued a $13.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $13.63.
Check Out Our Latest Research Report on CCCS
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in CCCS. Bank of New York Mellon Corp raised its stake in shares of CCC Intelligent Solutions by 12.3% in the first quarter. Bank of New York Mellon Corp now owns 38,517 shares of the company's stock worth $425,000 after acquiring an additional 4,232 shares during the last quarter. Vanguard Group Inc. boosted its position in CCC Intelligent Solutions by 146.9% in the 1st quarter. Vanguard Group Inc. now owns 9,519,514 shares of the company's stock valued at $105,095,000 after buying an additional 5,663,827 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of CCC Intelligent Solutions during the first quarter worth $3,146,000. Charles Schwab Investment Management Inc. boosted its holdings in CCC Intelligent Solutions by 3.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 306,511 shares of the company's stock valued at $3,384,000 after acquiring an additional 10,591 shares during the last quarter. Finally, Royal Bank of Canada increased its position in CCC Intelligent Solutions by 277.6% in the first quarter. Royal Bank of Canada now owns 7,696 shares of the company's stock worth $85,000 after purchasing an additional 5,658 shares during the period. 95.79% of the stock is owned by institutional investors.
CCC Intelligent Solutions Company Profile
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Get Free Report)
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.
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