CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Githesh Ramamurthy Sells 1,000,000 Shares

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCSGet Free Report) insider Githesh Ramamurthy sold 1,000,000 shares of CCC Intelligent Solutions stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $11.78, for a total transaction of $11,780,000.00. Following the completion of the sale, the insider now directly owns 6,463,840 shares of the company’s stock, valued at approximately $76,144,035.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Wednesday, April 24th, Githesh Ramamurthy sold 57,619 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.52, for a total transaction of $663,770.88.
  • 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 transaction of $3,421.44.
  • On Wednesday, March 20th, Githesh Ramamurthy sold 1,000,000 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.86, for a total transaction of $11,860,000.00.

CCC Intelligent Solutions Stock Up 2.7 %

NYSE:CCCS traded up $0.31 during midday trading on Friday, hitting $11.98. 4,087,742 shares of the company were exchanged, compared to its average volume of 3,213,710. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.43. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $10.00 and a fifty-two week high of $13.41. The company has a fifty day simple moving average of $11.46 and a 200 day simple moving average of $11.41. The company has a market capitalization of $7.36 billion, a PE ratio of -57.05, a price-to-earnings-growth ratio of 5.60 and a beta of 0.63.

CCC Intelligent Solutions (NYSE:CCCSGet Free Report) last released its earnings results on Tuesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $227.24 million during the quarter, compared to analysts’ expectations of $225.21 million. CCC Intelligent Solutions had a negative net margin of 10.85% and a positive return on equity of 4.52%. As a group, equities analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

CCCS has been the topic of a number of recent analyst reports. Evercore ISI lifted their target price on 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 reissued a “buy” rating and set a $13.00 price target on shares of CCC Intelligent Solutions in a research report on Thursday, February 8th. 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 report on Friday, March 1st. Barrington Research restated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Wednesday, May 1st. Finally, Barclays increased their price objective on CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CCC Intelligent Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $13.63.

View Our Latest Research Report on CCC Intelligent Solutions

Institutional Investors Weigh In On CCC Intelligent Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Banque Cantonale Vaudoise raised its position in CCC Intelligent Solutions by 128.4% during the first quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock valued at $30,000 after acquiring an additional 1,424 shares in the last quarter. American International Group Inc. increased its position in shares of CCC Intelligent Solutions by 68.6% during the 1st quarter. American International Group Inc. now owns 2,789 shares of the company’s stock worth $33,000 after purchasing an additional 1,135 shares in the last quarter. Park Place Capital Corp increased its holdings in CCC Intelligent Solutions by 65.9% during the 4th quarter. Park Place Capital Corp now owns 4,175 shares of the company’s stock valued at $48,000 after purchasing an additional 1,659 shares in the last quarter. Twin Tree Management LP acquired a new stake in CCC Intelligent Solutions in the 1st quarter valued at about $53,000. Finally, Covestor Ltd increased its stake in shares of CCC Intelligent Solutions by 781.7% in the 3rd quarter. Covestor Ltd now owns 6,895 shares of the company’s stock valued at $92,000 after buying an additional 6,113 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.

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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Insider Buying and Selling by Quarter for CCC Intelligent Solutions (NYSE:CCCS)

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