CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) SVP Marc Fredman Sells 28,804 Shares

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) SVP Marc Fredman sold 28,804 shares of the company's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $11.97, for a total transaction of $344,783.88. Following the completion of the transaction, the senior vice president now owns 183,738 shares in the company, valued at approximately $2,199,343.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Marc Fredman also recently made the following trade(s):

• On Tuesday, March 26th, Marc Fredman sold 9,871 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.88, for a total value of $117,267.48.
• On Monday, March 18th, Marc Fredman sold 239,990 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.84, for a total transaction of $2,841,481.60.
• On Thursday, March 14th, Marc Fredman sold 324,952 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $12.15, for a total value of $3,948,166.80.

CCC Intelligent Solutions Price Performance

Shares of NYSE:CCCS traded up $0.10 during midday trading on Wednesday, reaching $11.78. 2,538,255 shares of the company were exchanged, compared to its average volume of 3,116,092. The business's fifty day moving average is $11.59 and its two-hundred day moving average is $11.57. CCC Intelligent Solutions Holdings Inc. has a one year low of $8.42 and a one year high of $13.41. The stock has a market cap of $7.12 billion, a PE ratio of -56.10 and a beta of 0.62. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.43.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $228.60 million during the quarter, compared to the consensus estimate of $222.80 million. CCC Intelligent Solutions had a positive return on equity of 5.80% and a negative net margin of 10.67%. As a group, analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barrington Research reissued an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Thursday, February 29th. Morgan Stanley started coverage on shares of CCC Intelligent Solutions in a report on Tuesday, December 12th. They set an "equal weight" rating and a $13.00 price target on the stock. Citigroup reiterated a "buy" rating and issued a $13.00 price target on shares of CCC Intelligent Solutions in a research report on Thursday, February 8th. Piper Sandler raised their price objective on shares of CCC Intelligent Solutions from $11.00 to $13.00 and gave the company a "neutral" rating in a research report on Friday, March 1st. Finally, Barclays upped their target price on shares of CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an "equal weight" rating in a report on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, CCC Intelligent Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.63.

Institutional Trading of CCC Intelligent Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in CCC Intelligent Solutions by 34.0% in the 4th quarter. Vanguard Group Inc. now owns 23,809,077 shares of the company's stock worth $271,185,000 after buying an additional 6,043,282 shares during the period. Brown Advisory Inc. grew its stake in CCC Intelligent Solutions by 128.7% in the 4th quarter. Brown Advisory Inc. now owns 10,436,353 shares of the company's stock worth $118,870,000 after acquiring an additional 5,873,823 shares in the last quarter. Norges Bank purchased a new position in shares of CCC Intelligent Solutions during the fourth quarter worth approximately $30,102,000. Riverbridge Partners LLC raised its stake in shares of CCC Intelligent Solutions by 50.9% during the fourth quarter. Riverbridge Partners LLC now owns 7,378,442 shares of the company's stock valued at $84,040,000 after acquiring an additional 2,487,578 shares in the last quarter. Finally, Capital World Investors purchased a new stake in shares of CCC Intelligent Solutions in the first quarter valued at approximately $23,681,000. Hedge funds and other institutional investors 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.