CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Githesh Ramamurthy Sells 57,619 Shares

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Githesh Ramamurthy sold 57,619 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $11.52, for a total value of $663,770.88. Following the sale, the insider now owns 6,463,840 shares of the company’s stock, 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 this hyperlink.

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

• On Monday, April 22nd, Githesh Ramamurthy sold 297 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.52, for a total value of $3,421.44.
• On Wednesday, March 20th, Githesh Ramamurthy sold 1,000,000 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.86, for a total value of $11,860,000.00.

CCC Intelligent Solutions Trading Up 0.3 %

NYSE:CCCS traded up $0.04 on Wednesday, reaching $11.53. The company’s stock had a trading volume of 2,265,282 shares, compared to its average volume of 3,216,939. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.42 and a 1-year high of $13.41. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market cap of $6.97 billion, a PE ratio of -54.71 and a beta of 0.62. The business’s 50-day moving average price is $11.75 and its two-hundred day moving average price is $11.51.

CCC Intelligent Solutions (NYSE:CCCS) last posted 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 business had revenue of $228.60 million during the quarter, compared to analyst estimates of $222.80 million. CCC Intelligent Solutions had a negative net margin of 10.67% and a positive return on equity of 5.80%. Equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Banque Cantonale Vaudoise boosted its position in shares of CCC Intelligent Solutions by 128.4% during the first quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock worth $30,000 after buying an additional 1,424 shares during the period. Park Place Capital Corp raised its holdings in CCC Intelligent Solutions by 65.9% during the fourth quarter. Park Place Capital Corp now owns 4,175 shares of the company’s stock worth $48,000 after acquiring an additional 1,659 shares in the last quarter. Covestor Ltd raised its holdings in CCC Intelligent Solutions by 781.7% during the third quarter. Covestor Ltd now owns 6,895 shares of the company’s stock worth $92,000 after acquiring an additional 6,113 shares in the last quarter. Parkside Financial Bank & Trust bought a new stake in CCC Intelligent Solutions during the fourth quarter worth about $99,000. Finally, Coldstream Capital Management Inc. bought a new stake in CCC Intelligent Solutions during the fourth quarter worth about $119,000. 95.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, February 29th. Evercore ISI lifted their price objective on CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 13th. Piper Sandler lifted their price objective on CCC Intelligent Solutions from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Citigroup reaffirmed a “buy” rating and set a $13.00 price objective on shares of CCC Intelligent Solutions in a research note on Thursday, February 8th. Finally, Barclays lifted 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.63.

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.