Insider Selling: CCC Intelligent Solutions (NYSE:CCCS) Insider Sells 42,531 Shares of Stock

Key Points

• Insider John Page Goodson sold 42,531 shares of CCC Intelligent Solutions at an average price of $9.79, reducing his ownership by 21.26%.
• The company reported $0.09 EPS for the last quarter, surpassing analyst expectations, with revenue of $260.45 million, marking a year-over-year increase of 12.0%.
• Analysts have varied opinions on the stock, with an average price target of $11.75 and ratings ranging from "Buy" to "Sell" from different financial institutions.

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) insider John Page Goodson sold 42,531 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $9.79, for a total value of $416,378.49. Following the completion of the transaction, the insider directly owned 157,478 shares of the company's stock, valued at approximately $1,541,709.62. This trade represents a 21.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock traded up $0.06 on Friday, hitting $9.78. The company had a trading volume of 4,079,566 shares, compared to its average volume of 7,325,640. The firm has a market cap of $6.37 billion, a P/E ratio of 489.24 and a beta of 0.74. The company has a 50-day moving average price of $9.74 and a 200-day moving average price of $9.30. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $8.14 and a twelve month high of $12.88.

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

Institutional Investors Weigh In On CCC Intelligent Solutions

Several large investors have recently bought and sold shares of CCCS. Northern Trust Corp increased its stake in CCC Intelligent Solutions by 11.9% during the 4th quarter. Northern Trust Corp now owns 2,806,996 shares of the company's stock worth $32,926,000 after buying an additional 297,534 shares in the last quarter. Ameriprise Financial Inc. increased its stake in CCC Intelligent Solutions by 42.3% during the 4th quarter. Ameriprise Financial Inc. now owns 986,831 shares of the company's stock worth $11,576,000 after buying an additional 293,355 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in CCC Intelligent Solutions during the 4th quarter worth approximately $1,699,000. D. E. Shaw & Co. Inc. increased its stake in CCC Intelligent Solutions by 2.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 244,951 shares of the company's stock worth $2,873,000 after buying an additional 5,951 shares in the last quarter. Finally, Gotham Asset Management LLC increased its stake in CCC Intelligent Solutions by 8.7% during the 4th quarter. Gotham Asset Management LLC now owns 769,930 shares of the company's stock worth $9,031,000 after buying an additional 61,432 shares in the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CCCS shares. Barrington Research reissued an "outperform" rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Monday, August 4th. Piper Sandler restated a "hold" rating and issued a $10.00 price target on shares of CCC Intelligent Solutions in a research note 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 research note on Monday, June 23rd. Finally, Barclays lifted 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 issued a Sell rating to the company. According to data from MarketBeat, CCC Intelligent Solutions presently has a consensus rating of "Hold" and a consensus target price of $11.75.

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.