CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Brian Herb Sells 19,742 Shares of Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Brian Herb sold 19,742 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $11.88, for a total transaction of $234,534.96. Following the completion of the transaction, the insider now directly owns 288,076 shares of the company’s stock, valued at $3,422,342.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Brian Herb also recently made the following trade(s):

• On Thursday, March 7th, Brian Herb sold 23,521 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.81, for a total value of $277,783.01.

CCC Intelligent Solutions Price Performance

NYSE:CCCS opened at $11.90 on Thursday. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 74.62 and a beta of 0.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.29 and a quick ratio of 2.29. The business has a 50 day simple moving average of $11.51 and a 200-day simple moving average of $11.55. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.36 and a 1 year high of $13.41.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $228.60 million for the quarter, compared to analysts’ expectations of $222.80 million. CCC Intelligent Solutions had a positive return on equity of 5.80% and a negative net margin of 10.67%. Equities analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.18 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CCCS shares. Barclays raised their price objective on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, February 29th. Barrington Research restated an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Thursday, February 29th. Citigroup reiterated a “buy” rating and set a $13.00 price objective on shares of CCC Intelligent Solutions in a research note on Thursday, February 8th. Piper Sandler increased their target price 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. Finally, Evercore ISI lifted their price target on CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 13th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, CCC Intelligent Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $13.63.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. HighPoint Advisor Group LLC purchased a new stake in CCC Intelligent Solutions in the 4th quarter valued at about $261,000. Quadrature Capital Ltd increased its holdings in CCC Intelligent Solutions by 238.9% during the 4th quarter. Quadrature Capital Ltd now owns 143,762 shares of the company’s stock worth $1,638,000 after purchasing an additional 101,348 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of CCC Intelligent Solutions by 66.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 35,818 shares of the company’s stock worth $408,000 after buying an additional 14,293 shares during the period. Vanguard Group Inc. increased its stake in shares of CCC Intelligent Solutions by 34.0% during the fourth quarter. Vanguard Group Inc. now owns 23,809,077 shares of the company’s stock valued at $271,185,000 after buying an additional 6,043,282 shares during the period. Finally, Wellington Management Group LLP purchased a new position in shares of CCC Intelligent Solutions during the fourth quarter valued at $14,163,000. 95.79% of the stock is currently owned by institutional investors.

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.