CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) SVP Marc Fredman sold 28,804 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $11.97, for a total transaction of $344,783.88. Following the sale, the senior vice president now owns 183,738 shares of the company's stock, valued at approximately $2,199,343.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Marc Fredman also recently made the following trade(s):
- On Tuesday, March 26th, Marc Fredman sold 9,871 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.88, for a total transaction of $117,267.48.
- On Monday, March 18th, Marc Fredman sold 239,990 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.84, for a total value of $2,841,481.60.
- On Thursday, March 14th, Marc Fredman sold 324,952 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $12.15, for a total value of $3,948,166.80.
CCC Intelligent Solutions Stock Performance
NYSE:CCCS opened at $11.78 on Thursday. The firm has a market cap of $7.12 billion, a PE ratio of -56.10 and a beta of 0.62. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.42 and a fifty-two week high of $13.41. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.29 and a current ratio of 2.29. The business has a 50 day moving average price of $11.59 and a 200-day moving average price of $11.57.
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CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The company had revenue of $228.60 million for the quarter, compared to analysts' expectations of $222.80 million. CCC Intelligent Solutions had a negative net margin of 10.67% and a positive return on equity of 5.80%. Equities research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.18 earnings per share for the current year.
Analyst Ratings Changes
CCCS has been the subject of a number of research analyst reports. Evercore ISI lifted their price target on CCC Intelligent Solutions from $13.00 to $15.00 and gave the company an "outperform" rating in a research report on Wednesday, March 13th. Barrington Research reiterated an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Thursday, February 29th. Citigroup reiterated a "buy" rating and set a $13.00 price target on shares of CCC Intelligent Solutions in a research report on Thursday, February 8th. Piper Sandler lifted their price target on CCC Intelligent Solutions from $11.00 to $13.00 and gave the company a "neutral" rating in a research report on Friday, March 1st. Finally, Morgan Stanley initiated 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 for the company. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $13.63.
Read Our Latest Stock Report on CCCS
Institutional Trading of CCC Intelligent Solutions
A number of institutional investors have recently made changes to their positions in the stock. Toroso Investments LLC raised its holdings in shares of CCC Intelligent Solutions by 6.1% during the third quarter. Toroso Investments LLC now owns 15,768 shares of the company's stock valued at $211,000 after acquiring an additional 905 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of CCC Intelligent Solutions by 21.8% during the second quarter. Tower Research Capital LLC TRC now owns 5,403 shares of the company's stock valued at $61,000 after acquiring an additional 968 shares in the last quarter. Federated Hermes Inc. raised its holdings in CCC Intelligent Solutions by 1.6% in the third quarter. Federated Hermes Inc. now owns 65,231 shares of the company's stock worth $871,000 after purchasing an additional 997 shares in the last quarter. Wealth Alliance raised its holdings in CCC Intelligent Solutions by 9.4% in the third quarter. Wealth Alliance now owns 12,036 shares of the company's stock worth $161,000 after purchasing an additional 1,033 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in CCC Intelligent Solutions by 0.9% in the fourth quarter. Legal & General Group Plc now owns 128,331 shares of the company's stock worth $1,116,000 after purchasing an additional 1,158 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.
About CCC Intelligent Solutions
(
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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