CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Mary Jo Prigge Sells 19,276 Shares

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Mary Jo Prigge sold 19,276 shares of CCC Intelligent Solutions stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $12.67, for a total transaction of $244,226.92. Following the completion of the transaction, the insider now owns 97,268 shares of the company’s stock, valued at $1,232,385.56. This trade represents a 16.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, November 22nd, Mary Jo Prigge sold 80,724 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $12.52, for a total transaction of $1,010,664.48.
• On Wednesday, November 20th, Mary Jo Prigge sold 97,511 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $12.01, for a total value of $1,171,107.11.
• On Wednesday, November 13th, Mary Jo Prigge sold 2,489 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $12.00, for a total value of $29,868.00.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock opened at $12.61 on Thursday. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $9.79 and a 1 year high of $12.83. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The firm has a market cap of $7.89 billion, a price-to-earnings ratio of 630.82, a PEG ratio of 7.02 and a beta of 0.63. The stock’s 50-day moving average is $11.18 and its two-hundred day moving average is $11.07.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings results on Monday, October 28th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $238.48 million for the quarter, compared to analyst estimates of $237.41 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. Analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. American International Group Inc. raised its holdings in shares of CCC Intelligent Solutions by 68.6% in the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after buying an additional 1,135 shares during the last quarter. Amalgamated Bank raised its stake in CCC Intelligent Solutions by 5.8% during the 3rd quarter. Amalgamated Bank now owns 23,722 shares of the company’s stock valued at $262,000 after acquiring an additional 1,299 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its position in CCC Intelligent Solutions by 2.1% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 67,047 shares of the company’s stock worth $745,000 after acquiring an additional 1,390 shares during the period. Hardy Reed LLC grew its stake in shares of CCC Intelligent Solutions by 7.1% in the 3rd quarter. Hardy Reed LLC now owns 21,540 shares of the company’s stock valued at $238,000 after purchasing an additional 1,430 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of CCC Intelligent Solutions by 15.2% in the second quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock valued at $132,000 after purchasing an additional 1,564 shares during the period. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CCCS shares. JPMorgan Chase & Co. decreased their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Jefferies Financial Group lowered their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Barrington Research restated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th. Barclays lowered their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Finally, Morgan Stanley upgraded CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $14.00 to $15.00 in a research note on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, CCC Intelligent Solutions has a consensus rating of “Moderate Buy” and an average price target of $13.78.

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.