CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) Director Lauren Young sold 16,649,197 shares of the business's stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $11.58, for a total value of $192,797,701.26. Following the sale, the director now directly owns 4,777,763 shares in the company, valued at $55,326,495.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Lauren Young also recently made the following trade(s):
- On Monday, March 4th, Lauren Young sold 41,165,139 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.33, for a total value of $466,401,024.87.
CCC Intelligent Solutions Trading Up 0.1 %
Shares of NYSE CCCS traded up $0.01 during trading hours on Thursday, reaching $11.81. The stock had a trading volume of 2,602,276 shares, compared to its average volume of 3,257,061. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.43. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of -56.24 and a beta of 0.62. The business's fifty day moving average price is $11.68 and its two-hundred day moving average price is $11.58. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $8.42 and a 52-week high of $13.41.
CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The firm had revenue of $228.60 million during the quarter, compared to analysts' expectations of $222.80 million. CCC Intelligent Solutions had a negative net margin of 10.67% and a positive return on equity of 5.80%. Analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.18 EPS for the current fiscal year.
Institutional Trading of CCC Intelligent Solutions
A number of hedge funds have recently bought and sold shares of CCCS. Vanguard Group Inc. lifted its holdings in CCC Intelligent Solutions by 34.0% during the fourth 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. lifted its holdings in shares of CCC Intelligent Solutions by 128.7% during the 4th quarter. Brown Advisory Inc. now owns 10,436,353 shares of the company's stock valued at $118,870,000 after purchasing an additional 5,873,823 shares during the last quarter. Norges Bank purchased a new stake in shares of CCC Intelligent Solutions during the 4th quarter valued at $30,102,000. Riverbridge Partners LLC lifted its holdings in shares of CCC Intelligent Solutions by 50.9% during the 4th quarter. Riverbridge Partners LLC now owns 7,378,442 shares of the company's stock valued at $84,040,000 after purchasing an additional 2,487,578 shares during the last quarter. Finally, Capital World Investors purchased a new stake in shares of CCC Intelligent Solutions during the 1st quarter valued at $23,681,000. Hedge funds and other institutional investors own 95.79% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Barclays boosted their price objective on CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 29th. Evercore ISI upped their target price on CCC Intelligent Solutions from $13.00 to $15.00 and gave the company an "outperform" rating in a research note on Wednesday, March 13th. Citigroup reaffirmed a "buy" rating and set a $13.00 target price on shares of CCC Intelligent Solutions in a research note on Thursday, February 8th. Piper Sandler upped their target price on CCC Intelligent Solutions from $11.00 to $13.00 and gave the company a "neutral" rating in a research note on Friday, March 1st. Finally, Barrington Research reaffirmed an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Thursday, February 29th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $13.63.
Read Our Latest Analysis on CCCS
CCC Intelligent Solutions Company Profile
(
Get Free Report)
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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