Mary Jo Prigge Sells 102,165 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCSGet Rating) insider Mary Jo Prigge sold 102,165 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $9.53, for a total value of $973,632.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Mary Jo Prigge also recently made the following trade(s):

  • On Monday, August 8th, Mary Jo Prigge sold 115,422 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $9.83, for a total value of $1,134,598.26.

CCC Intelligent Solutions Stock Up 1.3 %

CCC Intelligent Solutions stock opened at $9.66 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.46 and a current ratio of 2.46. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of -24.15, a price-to-earnings-growth ratio of 1.68 and a beta of 0.86. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $7.41 and a fifty-two week high of $13.46. The stock’s fifty day moving average is $9.59 and its two-hundred day moving average is $9.61.

CCC Intelligent Solutions (NYSE:CCCSGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $192.79 million for the quarter, compared to analyst estimates of $189.80 million. CCC Intelligent Solutions had a negative net margin of 29.61% and a negative return on equity of 0.45%. Analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.24 EPS for the current fiscal year.

Institutional Trading of CCC Intelligent Solutions

A number of large investors have recently made changes to their positions in the stock. Captrust Financial Advisors acquired a new stake in shares of CCC Intelligent Solutions during the second quarter valued at $53,000. Legal & General Group Plc boosted its stake in shares of CCC Intelligent Solutions by 51.3% during the second quarter. Legal & General Group Plc now owns 130,376 shares of the company’s stock valued at $1,200,000 after acquiring an additional 44,199 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of CCC Intelligent Solutions during the second quarter valued at $1,076,000. Price T Rowe Associates Inc. MD lifted its position in CCC Intelligent Solutions by 76.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 30,087,903 shares of the company’s stock worth $276,809,000 after buying an additional 13,003,752 shares during the period. Finally, Parkwood LLC lifted its position in CCC Intelligent Solutions by 95.0% during the second quarter. Parkwood LLC now owns 58,855 shares of the company’s stock worth $59,000 after buying an additional 28,679 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on CCCS shares. Jefferies Financial Group started coverage on CCC Intelligent Solutions in a research report on Friday, July 8th. They issued a “buy” rating and a $12.00 price objective for the company. Piper Sandler started coverage on CCC Intelligent Solutions in a research report on Monday, August 8th. They issued a “neutral” rating and a $11.00 price objective for the company. Bank of America started coverage on CCC Intelligent Solutions in a research report on Friday, June 3rd. They issued a “buy” rating and a $13.00 price objective for the company. The Goldman Sachs Group upgraded CCC Intelligent Solutions from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, July 13th. Finally, William Blair reissued an “outperform” rating on shares of CCC Intelligent Solutions in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.83.

About CCC Intelligent Solutions

(Get Rating)

CCC Intelligent Solutions Holdings Inc provides cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. It SaaS platform digitizes mission-critical AI-enabled workflows, facilitates commerce, and connects businesses across the insurance economy, including insurance carriers, collision repairers, parts suppliers, automotive manufactures, financial institution, and others.

Further Reading

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