Mary Jo Prigge Sells 97,511 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Mary Jo Prigge sold 97,511 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $12.01, for a total value of $1,171,107.11. Following the completion of the sale, the insider now owns 97,268 shares of the company’s stock, valued at approximately $1,168,188.68. This represents a 50.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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

CCC Intelligent Solutions stock traded up $0.13 during mid-day trading on Friday, reaching $12.47. The company’s stock had a trading volume of 3,156,728 shares, compared to its average volume of 3,427,704. The business has a 50 day moving average price of $11.07 and a 200-day moving average price of $11.03. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $9.79 and a twelve month high of $12.68. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 617.31, a PEG ratio of 6.76 and a beta of 0.63.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $238.48 million for the quarter, compared to analyst estimates of $237.41 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. CCC Intelligent Solutions’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share. Sell-side analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays reduced their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Morgan Stanley upgraded shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $14.00 to $15.00 in a research note on Wednesday, November 13th. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Bank of America started coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Jefferies Financial Group dropped their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.78.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in shares of CCC Intelligent Solutions by 155.7% during the third quarter. Barclays PLC now owns 109,020 shares of the company’s stock valued at $1,205,000 after acquiring an additional 66,386 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in CCC Intelligent Solutions by 45.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 165,040 shares of the company’s stock valued at $1,824,000 after purchasing an additional 51,607 shares during the period. Coldstream Capital Management Inc. grew its position in CCC Intelligent Solutions by 26.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 18,236 shares of the company’s stock worth $204,000 after purchasing an additional 3,848 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of CCC Intelligent Solutions by 16.9% in the third quarter. Geode Capital Management LLC now owns 7,204,260 shares of the company’s stock valued at $79,627,000 after purchasing an additional 1,039,690 shares during the period. Finally, M&T Bank Corp bought a new stake in shares of CCC Intelligent Solutions during the third quarter valued at approximately $124,000. 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.