Githesh Ramamurthy Sells 9,348 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Githesh Ramamurthy sold 9,348 shares of CCC Intelligent Solutions stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $11.50, for a total value of $107,502.00. Following the transaction, the insider now owns 4,798,040 shares of the company’s stock, valued at approximately $55,177,460. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Githesh Ramamurthy also recently made the following trade(s):

• On Monday, November 11th, Githesh Ramamurthy sold 8,805 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.50, for a total transaction of $101,257.50.

CCC Intelligent Solutions Stock Performance

Shares of NYSE:CCCS opened at $11.62 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $9.79 and a 1 year high of $12.68. The firm has a market capitalization of $7.27 billion, a PE ratio of 581.29, a P/E/G ratio of 6.60 and a beta of 0.63. The business’s 50 day moving average price is $10.91 and its 200-day moving average price is $10.99.

CCC Intelligent Solutions (NYSE:CCCS) last announced its earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company had revenue of $238.48 million for the quarter, compared to analysts’ expectations of $237.41 million. During the same quarter in the previous year, the company posted $0.03 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of CCC Intelligent Solutions

Large investors have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. lifted its position in CCC Intelligent Solutions by 5.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 32,082 shares of the company’s stock worth $384,000 after buying an additional 1,619 shares in the last quarter. Swiss National Bank boosted its position in shares of CCC Intelligent Solutions by 14.5% during the 1st quarter. Swiss National Bank now owns 475,900 shares of the company’s stock valued at $5,692,000 after acquiring an additional 60,400 shares during the last quarter. Sei Investments Co. grew its holdings in shares of CCC Intelligent Solutions by 15.3% in the first quarter. Sei Investments Co. now owns 1,887,533 shares of the company’s stock valued at $22,575,000 after purchasing an additional 250,314 shares during the period. Russell Investments Group Ltd. increased its position in CCC Intelligent Solutions by 0.6% during the first quarter. Russell Investments Group Ltd. now owns 278,964 shares of the company’s stock worth $3,336,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Pembroke Management LTD raised its stake in CCC Intelligent Solutions by 116.2% during the first quarter. Pembroke Management LTD now owns 1,090,051 shares of the company’s stock worth $13,037,000 after purchasing an additional 585,867 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

CCCS has been the topic of a number of recent analyst reports. Bank of America began coverage on shares of CCC Intelligent Solutions in a report on Tuesday, August 20th. They set a “buy” rating and a $15.00 price target on the stock. 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. Morgan Stanley upgraded CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $14.00 to $15.00 in a research report on Wednesday. Barclays dropped their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $13.78.

CCC Intelligent Solutions Company Profile

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.