CCC Intelligent Solutions (NYSE:CCCS) Insider John Page Goodson Sells 150,000 Shares

Key Points

• Insider Selling: John Page Goodson, an insider at CCC Intelligent Solutions, sold 150,000 shares at an average price of $9.59, totaling approximately $1.44 million, which reduced his ownership by 48.78%.
• Stock Performance: CCC Intelligent Solutions shares are currently trading at $9.54, with a market capitalization of $6.21 billion, and a 52-week range between $8.14 and $12.88.
• Earnings Report: The company reported Q2 earnings of $0.09 per share, exceeding expectations, with revenue of $260.45 million, marking a 12% increase year-over-year.

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) insider John Page Goodson sold 150,000 shares of the business's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $9.59, for a total transaction of $1,438,500.00. Following the completion of the sale, the insider owned 157,478 shares of the company's stock, valued at $1,510,214.02. The trade was a 48.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

John Page Goodson also recently made the following trade(s):

• On Friday, September 5th, John Page Goodson sold 42,531 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $9.79, for a total transaction of $416,378.49.

CCC Intelligent Solutions Stock Performance

Shares of NYSE:CCCS traded down $0.11 during midday trading on Friday, hitting $9.54. The company's stock had a trading volume of 16,158,102 shares, compared to its average volume of 7,315,345. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The stock's 50 day simple moving average is $9.73 and its 200 day simple moving average is $9.29. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 477.24 and a beta of 0.74. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $260.45 million during the quarter, compared to the consensus estimate of $256.21 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 EPS. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Institutional Trading of CCC Intelligent Solutions

A number of large investors have recently bought and sold shares of CCCS. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in CCC Intelligent Solutions in the second quarter valued at $25,000. Osaic Holdings Inc. grew its position in CCC Intelligent Solutions by 293.7% in the second quarter. Osaic Holdings Inc. now owns 3,083 shares of the company's stock valued at $29,000 after acquiring an additional 2,300 shares during the period. Park Place Capital Corp grew its position in CCC Intelligent Solutions by 47.6% in the second quarter. Park Place Capital Corp now owns 3,806 shares of the company's stock valued at $36,000 after acquiring an additional 1,228 shares during the period. Banque Cantonale Vaudoise bought a new stake in CCC Intelligent Solutions in the first quarter valued at $37,000. Finally, AlphaQuest LLC bought a new stake in CCC Intelligent Solutions in the first quarter valued at $47,000. 95.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on CCCS shares. Barrington Research reiterated an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Monday, August 4th. Piper Sandler reiterated a "hold" rating and set a $10.00 price target on shares of CCC Intelligent Solutions in a report on Thursday, August 14th. JPMorgan Chase & Co. lowered CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price target for the company. in a report on Monday, June 23rd. Finally, Barclays boosted their price target on CCC Intelligent Solutions from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $11.75.

CCC Intelligent Solutions Company Profile

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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