CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) Director Lauren Young sold 16,649,197 shares of CCC Intelligent Solutions stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $11.58, for a total value of $192,797,701.26. Following the sale, the director now directly owns 4,777,763 shares in the company, valued at approximately $55,326,495.54. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Lauren Young also recently made the following trade(s):
- On Monday, March 4th, Lauren Young sold 41,165,139 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.33, for a total value of $466,401,024.87.
CCC Intelligent Solutions Stock Performance
Shares of NYSE CCCS opened at $11.81 on Friday. The business's 50-day moving average price is $11.68 and its two-hundred day moving average price is $11.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.29 and a quick ratio of 2.29. CCC Intelligent Solutions Holdings Inc. has a one year low of $8.42 and a one year high of $13.41. The company has a market capitalization of $7.14 billion, a P/E ratio of -56.24 and a beta of 0.62.
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 business had revenue of $228.60 million for the quarter, compared to analyst estimates of $222.80 million. Analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.18 earnings per share for the current fiscal year.
Hedge Funds Weigh In On CCC Intelligent Solutions
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Several large investors have recently made changes to their positions in CCCS. Bank of New York Mellon Corp lifted its position in shares of CCC Intelligent Solutions by 12.3% during the 1st quarter. Bank of New York Mellon Corp now owns 38,517 shares of the company's stock worth $425,000 after purchasing an additional 4,232 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of CCC Intelligent Solutions by 146.9% during the 1st quarter. Vanguard Group Inc. now owns 9,519,514 shares of the company's stock worth $105,095,000 after purchasing an additional 5,663,827 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in CCC Intelligent Solutions during the first quarter valued at about $3,146,000. Charles Schwab Investment Management Inc. increased its stake in CCC Intelligent Solutions by 3.6% during 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 period. Finally, Royal Bank of Canada increased its stake in CCC Intelligent Solutions by 277.6% during the first quarter. Royal Bank of Canada now owns 7,696 shares of the company's stock valued at $85,000 after acquiring an additional 5,658 shares during the period. Institutional investors and hedge funds own 95.79% of the company's stock.
Analyst Upgrades and Downgrades
CCCS has been the topic of a number of recent research reports. Evercore ISI lifted their target price on CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an "outperform" rating in a report on Wednesday, March 13th. 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 report on Friday, March 1st. Citigroup reiterated a "buy" rating and set a $13.00 price target on shares of CCC Intelligent Solutions in a report on Thursday, February 8th. Barclays lifted their price target on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an "equal weight" rating in a report on Thursday, February 29th. Finally, Barrington Research reiterated an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, CCC Intelligent Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.63.
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About CCC Intelligent Solutions
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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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