CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) Director Eileen Schloss sold 27,478 shares of CCC Intelligent Solutions stock in a transaction 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 completion of the sale, the director now directly owns 26,569 shares of the company's stock, valued at approximately $228,493.40. The trade was a 50.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
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 Price Performance
Shares of NYSE:CCCS opened at $8.52 on Friday. 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 stock has a market capitalization of $5.60 billion, a PE ratio of 426.21 and a beta of 0.73. The firm's 50 day moving average price is $9.98 and its 200-day moving average price is $10.96. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $8.25 and a twelve month high of $12.88.
CCC Intelligent Solutions declared that its Board of Directors has authorized a stock buyback program on Friday, December 20th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 4% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its stock is undervalued.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on CCCS shares. 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 note on Wednesday, February 26th. JPMorgan Chase & Co. downgraded shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $14.00 to $11.00 in a research report on Wednesday, February 26th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $13.14.
Check Out Our Latest Stock Report on CCCS
Institutional Investors Weigh In On CCC Intelligent Solutions
A number of hedge funds have recently modified their holdings of CCCS. Baker Tilly Wealth Management LLC grew its stake in shares of CCC Intelligent Solutions by 6.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 14,386 shares of the company's stock valued at $169,000 after acquiring an additional 888 shares during the period. Central Pacific Bank Trust Division lifted its holdings in CCC Intelligent Solutions by 6.1% during the fourth quarter. Central Pacific Bank Trust Division now owns 16,760 shares of the company's stock valued at $197,000 after purchasing an additional 960 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in CCC Intelligent Solutions by 5.9% during the fourth quarter. CIBC Asset Management Inc now owns 19,046 shares of the company's stock valued at $223,000 after purchasing an additional 1,054 shares in the last quarter. Berry Wealth Group LP increased its stake in shares of CCC Intelligent Solutions by 5.8% in the fourth quarter. Berry Wealth Group LP now owns 20,224 shares of the company's stock worth $237,000 after purchasing an additional 1,109 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of CCC Intelligent Solutions by 1.0% during the 4th quarter. Arizona State Retirement System now owns 117,507 shares of the company's stock valued at $1,378,000 after purchasing an additional 1,150 shares during the period. Institutional investors own 95.79% of the company's stock.
CCC Intelligent Solutions Company Profile
(
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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