CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Director Eileen Schloss Sells 27,478 Shares

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Director Eileen Schloss sold 27,478 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $8.60, for a total value of $236,310.80. Following the sale, the director now owns 26,569 shares of the company’s stock, valued at approximately $228,493.40. This represents a 50.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Eileen Schloss also recently made the following trade(s):

• On Friday, March 21st, Eileen Schloss sold 34,055 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $8.98, for a total value of $305,813.90.

CCC Intelligent Solutions Stock Down 0.8 %

CCCS stock opened at $8.52 on Monday. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $8.25 and a 52 week high of $12.88. The business has a 50-day simple moving average of $9.98 and a 200 day simple moving average of $10.96. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The company has a market cap of $5.60 billion, a PE ratio of 426.21 and a beta of 0.77.

CCC Intelligent Solutions declared that its Board of Directors has approved a stock repurchase plan on Friday, December 20th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to purchase up to 4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Institutional Trading of CCC Intelligent Solutions

Institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in CCC Intelligent Solutions by 4,172.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,837,354 shares of the company’s stock valued at $115,394,000 after acquiring an additional 9,607,085 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of CCC Intelligent Solutions in the 4th quarter valued at $58,080,000. Norges Bank acquired a new position in shares of CCC Intelligent Solutions during the 4th quarter worth $50,032,000. T. Rowe Price Investment Management Inc. lifted its position in shares of CCC Intelligent Solutions by 6.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 68,866,717 shares of the company’s stock worth $807,807,000 after buying an additional 4,060,284 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in CCC Intelligent Solutions by 753.3% in the fourth quarter. JPMorgan Chase & Co. now owns 3,873,418 shares of the company’s stock valued at $45,435,000 after buying an additional 3,419,507 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

Analyst Upgrades and Downgrades

CCCS has been the subject of a number of research reports. JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $14.00 to $11.00 in a report on Wednesday, February 26th. Barrington Research reiterated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Monday, February 24th. Finally, Piper Sandler restated a “neutral” rating and set a $11.00 target price (down previously from $13.00) on shares of CCC Intelligent Solutions in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.14.

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.