CCC Intelligent Solutions (NYSE:CCCS) Insider Sells $1,438,500.00 in Stock

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 dated 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 sale, the insider directly owned 157,478 shares in the company, valued at $1,510,214.02. This trade represents a 48.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Down 0.7%

NYSE:CCCS traded down $0.07 on Monday, hitting $9.47. 5,395,639 shares of the company's stock were exchanged, compared to its average volume of 7,304,678. The firm has a 50-day moving average price of $9.73 and a 200-day moving average price of $9.29. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $8.14 and a 52 week high of $12.88. The company has a market cap of $6.17 billion, a P/E ratio of 473.74 and a beta of 0.74.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price target on the stock. in a research report on Monday, June 23rd. Barclays upped their target price on shares of CCC Intelligent Solutions from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Barrington Research reaffirmed an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, August 4th. Finally, Piper Sandler reaffirmed a "hold" rating and issued a $10.00 target price on shares of CCC Intelligent Solutions in a report on Thursday, August 14th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $11.75.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. raised its holdings in CCC Intelligent Solutions by 6.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 72,967,671 shares of the company's stock valued at $658,899,000 after acquiring an additional 4,100,954 shares during the period. Vanguard Group Inc. raised its holdings in CCC Intelligent Solutions by 9.9% in the 1st quarter. Vanguard Group Inc. now owns 56,491,007 shares of the company's stock valued at $510,114,000 after acquiring an additional 5,103,835 shares during the period. Artisan Partners Limited Partnership raised its holdings in CCC Intelligent Solutions by 23.9% in the 2nd quarter. Artisan Partners Limited Partnership now owns 31,055,604 shares of the company's stock valued at $292,233,000 after acquiring an additional 5,991,997 shares during the period. Principal Financial Group Inc. raised its holdings in CCC Intelligent Solutions by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 27,303,495 shares of the company's stock valued at $246,551,000 after acquiring an additional 363,944 shares during the period. Finally, Brown Advisory Inc. raised its holdings in CCC Intelligent Solutions by 9.8% in the 2nd quarter. Brown Advisory Inc. now owns 20,150,876 shares of the company's stock valued at $189,620,000 after acquiring an additional 1,804,084 shares during the period. 95.79% of the stock is owned by institutional investors.

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.