CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Sells $51,747.52 in Stock

Key Points

• Rodney Christo, the Chief Accounting Officer of CCC Intelligent Solutions Holdings Inc., sold 5,302 shares at an average price of $9.76, totaling approximately $51,747.52.
• CCC Intelligent Solutions reported a 12.0% year-over-year increase in quarterly revenue, totaling $260.45 million, while exceeding EPS expectations by $0.01.
• Equities analysts have varied opinions on CCC Intelligent Solutions, with price targets ranging from $9.00 to $12.00, and the stock currently holds an average rating of "Hold".

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) CAO Rodney Christo sold 5,302 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $9.76, for a total value of $51,747.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CCC Intelligent Solutions Stock Up 3.2%

Shares of NYSE:CCCS traded up $0.31 on Tuesday, reaching $9.94. The company had a trading volume of 4,215,043 shares, compared to its average volume of 7,459,584. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $8.14 and a 52-week high of $12.88. The firm's 50 day simple moving average is $9.40 and its 200-day simple moving average is $9.53. The firm has a market capitalization of $6.55 billion, a PE ratio of 495.50 and a beta of 0.74. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The firm 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 business's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. As a group, analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CCCS has been the subject of several analyst reports. Morgan Stanley lowered their price objective on CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price objective on the stock. in a report on Monday, June 23rd. The Goldman Sachs Group reduced their price objective on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Barrington Research restated an "outperform" rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Monday. Finally, Piper Sandler reduced their price objective on CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, CCC Intelligent Solutions has an average rating of "Hold" and an average price target of $12.07.

Institutional Trading of CCC Intelligent Solutions

A number of institutional investors have recently made changes to their positions in CCCS. Quarry LP acquired a new position in shares of CCC Intelligent Solutions in the 4th quarter valued at about $36,000. Park Place Capital Corp lifted its holdings in shares of CCC Intelligent Solutions by 47.6% in the 2nd quarter. Park Place Capital Corp now owns 3,806 shares of the company's stock valued at $36,000 after buying an additional 1,228 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of CCC Intelligent Solutions in the 1st quarter valued at about $37,000. AlphaQuest LLC acquired a new position in shares of CCC Intelligent Solutions in the 1st quarter valued at about $47,000. Finally, SVB Wealth LLC acquired a new position in shares of CCC Intelligent Solutions in the 1st quarter valued at about $60,000. Institutional investors and hedge funds own 95.79% of the company's stock.

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.