CCC Intelligent Solutions (NYSE:CCCS) Insider John Page Goodson 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 firm's stock in a transaction on Friday, September 5th. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

CCC Intelligent Solutions Price Performance

Shares of CCCS stock traded up $0.03 during mid-day trading on Monday, reaching $9.86. The company's stock had a trading volume of 4,888,214 shares, compared to its average volume of 7,397,983. The firm's 50-day moving average is $9.73 and its two-hundred day moving average is $9.31. The company has a market cap of $6.42 billion, a P/E ratio of 493.25 and a beta of 0.74. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.14 and a 1-year high of $12.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The business had revenue of $260.45 million for the quarter, compared to analysts' expectations of $256.21 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The firm'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 earnings per share. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Northern Trust Corp raised its position in shares of CCC Intelligent Solutions by 11.9% during the fourth quarter. Northern Trust Corp now owns 2,806,996 shares of the company's stock worth $32,926,000 after acquiring an additional 297,534 shares during the last quarter. Ameriprise Financial Inc. increased its position in CCC Intelligent Solutions by 42.3% in the fourth quarter. Ameriprise Financial Inc. now owns 986,831 shares of the company's stock worth $11,576,000 after purchasing an additional 293,355 shares during the period. BNP Paribas Financial Markets bought a new stake in CCC Intelligent Solutions during the 4th quarter worth about $1,699,000. D. E. Shaw & Co. Inc. boosted its stake in shares of CCC Intelligent Solutions by 2.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 244,951 shares of the company's stock valued at $2,873,000 after purchasing an additional 5,951 shares during the last quarter. Finally, Gotham Asset Management LLC grew its position in shares of 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 during the period. Institutional investors own 95.79% of the company's stock.

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.

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