CCC Intelligent Solutions (NYSE:CCCS) Trading Down 5.2%

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report)'s stock price fell 5.2% during trading on Wednesday . The stock traded as low as $10.46 and last traded at $10.64. 4,008,537 shares traded hands during mid-day trading, an increase of 26% from the average session volume of 3,182,153 shares. The stock had previously closed at $11.22.

Wall Street Analyst Weigh In

Several brokerages recently commented on CCCS. Piper Sandler upped their price target 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. Evercore ISI upped their price target on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the company an "outperform" rating in a research report on Wednesday, March 13th. Citigroup restated a "buy" rating and issued a $13.00 price target on shares of CCC Intelligent Solutions in a research report on Thursday, February 8th. Barclays upped their price target on shares of CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an "equal weight" rating in a research report on Thursday, February 29th. Finally, Barrington Research restated an "outperform" rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $13.63.

CCC Intelligent Solutions Trading Down 6.0 %

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 company has a market cap of $6.38 billion, a PE ratio of -50.24 and a beta of 0.62. The business's 50-day simple moving average is $11.75 and its 200-day simple moving average is $11.46.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its 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 company had revenue of $228.60 million during the quarter, compared to analysts' expectations 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 expect that CCC Intelligent Solutions Holdings Inc. will post 0.18 EPS for the current fiscal year.

Insider Activity

In other news, insider Githesh Ramamurthy sold 57,619 shares of the firm's stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $11.52, for a total transaction of $663,770.88. Following the transaction, the insider now owns 6,463,840 shares in the company, valued at approximately $74,463,436.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Lauren Young sold 41,165,139 shares of the firm's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $11.33, for a total value of $466,401,024.87. Following the transaction, the director now directly owns 5,164,022 shares in the company, valued at approximately $58,508,369.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Githesh Ramamurthy sold 57,619 shares of the firm's stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $11.52, for a total transaction of $663,770.88. Following the completion of the transaction, the insider now owns 6,463,840 shares in the company, valued at $74,463,436.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,706,755 shares of company stock worth $681,785,331. 6.67% of the stock is owned by corporate insiders.

Institutional Trading of CCC Intelligent Solutions

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted 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 valued at $271,185,000 after buying an additional 6,043,282 shares in the last quarter. Principal Financial Group Inc. boosted its stake in CCC Intelligent Solutions by 144,359.9% in the 1st quarter. Principal Financial Group Inc. now owns 18,329,069 shares of the company's stock valued at $219,216,000 after buying an additional 18,316,381 shares in the last quarter. Brown Advisory Inc. boosted 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 valued at $118,870,000 after buying an additional 5,873,823 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in CCC Intelligent Solutions by 59.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,312,688 shares of the company's stock valued at $123,340,000 after buying an additional 3,861,020 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in CCC Intelligent Solutions by 19.2% in the 3rd quarter. Invesco Ltd. now owns 7,822,986 shares of the company's stock valued at $104,437,000 after buying an additional 1,260,457 shares in the last quarter. Institutional investors and hedge funds 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.