CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Githesh Ramamurthy Sells 9,348 Shares

by · The Markets Daily

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS – Get Free Report) insider Githesh Ramamurthy sold 9,348 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $11.50, for a total value of $107,502.00. Following the completion of the sale, the insider now owns 4,798,040 shares of the company’s stock, valued at approximately $55,177,460. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Githesh Ramamurthy also recently made the following trade(s):

  • On Monday, November 11th, Githesh Ramamurthy sold 8,805 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.50, for a total transaction of $101,257.50.

CCC Intelligent Solutions Stock Up 0.7 %

Shares of CCCS traded up $0.08 on Tuesday, hitting $11.50. 3,128,331 shares of the stock traded hands, compared to its average volume of 3,401,323. CCC Intelligent Solutions Holdings Inc. has a one year low of $9.79 and a one year high of $12.68. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The business has a 50 day simple moving average of $10.87 and a 200 day simple moving average of $10.98. The company has a market capitalization of $7.19 billion, a PE ratio of 571.00, a P/E/G ratio of 6.55 and a beta of 0.63.

CCC Intelligent Solutions (NYSE:CCCS – Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $238.48 million for the quarter, compared to analysts’ expectations of $237.41 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 EPS. As a group, equities analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CCCS has been the topic of a number of research analyst reports. Jefferies Financial Group cut their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Barrington Research restated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Bank of America initiated coverage on CCC Intelligent Solutions in a research note on Tuesday, August 20th. They issued a “buy” rating and a $15.00 target price on the stock. Barclays cut their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $13.56.

View Our Latest Report on CCCS

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CCCS. Vanguard Group Inc. increased its holdings in CCC Intelligent Solutions by 17.7% in the 1st quarter. Vanguard Group Inc. now owns 28,034,997 shares of the company’s stock valued at $335,299,000 after acquiring an additional 4,225,920 shares during the last quarter. Principal Financial Group Inc. increased its holdings in CCC Intelligent Solutions by 4.9% in the 3rd quarter. Principal Financial Group Inc. now owns 26,484,511 shares of the company’s stock valued at $292,654,000 after acquiring an additional 1,234,281 shares during the last quarter. Dragoneer Investment Group LLC increased its holdings in CCC Intelligent Solutions by 31.5% in the 2nd quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock valued at $176,704,000 after acquiring an additional 3,809,200 shares during the last quarter. Janus Henderson Group PLC increased its holdings in CCC Intelligent Solutions by 7.4% in the 1st quarter. Janus Henderson Group PLC now owns 12,469,424 shares of the company’s stock valued at $149,133,000 after acquiring an additional 857,110 shares during the last quarter. Finally, Ghisallo Capital Management LLC bought a new stake in CCC Intelligent Solutions in the 2nd quarter valued at $132,917,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

About CCC Intelligent Solutions

(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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