CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) insider Githesh Ramamurthy sold 24,541 shares of the firm's stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $11.50, for a total value of $282,221.50. Following the completion of the transaction, the insider now directly owns 6,463,840 shares in the company, valued at approximately $74,334,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Githesh Ramamurthy also recently made the following trade(s):
- On Wednesday, May 22nd, Githesh Ramamurthy sold 1,000,000 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.78, for a total value of $11,780,000.00.
- 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 value of $663,770.88.
- On Monday, April 22nd, Githesh Ramamurthy sold 297 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.52, for a total value of $3,421.44.
CCC Intelligent Solutions Stock Performance
NYSE CCCS opened at $11.50 on Thursday. The company has a market cap of $7.15 billion, a P/E ratio of 95.67, a P/E/G ratio of 5.51 and a beta of 0.62. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.53 and a current ratio of 2.53. The business's 50 day moving average price is $11.32 and its 200-day moving average price is $11.40. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $10.32 and a fifty-two week high of $13.41.
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CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its earnings results on Tuesday, April 30th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $227.24 million for the quarter, compared to the consensus estimate of $225.21 million. CCC Intelligent Solutions had a negative net margin of 10.85% and a positive return on equity of 4.52%. Sell-side analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.
Hedge Funds Weigh In On CCC Intelligent Solutions
Several large investors have recently modified their holdings of CCCS. Banque Cantonale Vaudoise boosted its holdings in CCC Intelligent Solutions by 128.4% during the 1st 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 during the period. American International Group Inc. boosted its holdings in CCC Intelligent Solutions by 68.6% during the 1st quarter. American International Group Inc. now owns 2,789 shares of the company's stock valued at $33,000 after acquiring an additional 1,135 shares during the period. Park Place Capital Corp lifted its holdings in shares of CCC Intelligent Solutions by 65.9% in the 4th quarter. Park Place Capital Corp now owns 4,175 shares of the company's stock worth $48,000 after buying an additional 1,659 shares during the period. Twin Tree Management LP purchased a new stake in shares of CCC Intelligent Solutions in the 1st quarter worth $53,000. Finally, Parkside Financial Bank & Trust purchased a new stake in shares of CCC Intelligent Solutions in the 4th quarter worth $99,000. Institutional investors own 95.79% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on CCCS. Piper Sandler lifted their target price on CCC Intelligent Solutions from $11.00 to $13.00 and gave the company a "neutral" rating in a research note on Friday, March 1st. Evercore ISI lifted their price objective on CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 13th. Barclays lifted their price objective on CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 29th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.63.
Check Out Our Latest Analysis on CCCS
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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