CCC Intelligent Solutions (CCCS) to Release Quarterly Earnings on Tuesday

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) is anticipated to announce its earnings results before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $249.87 million for the quarter.

CCC Intelligent Solutions Price Performance

CCCS stock opened at $8.99 on Tuesday. CCC Intelligent Solutions has a 52 week low of $8.14 and a 52 week high of $12.88. 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 company has a fifty day simple moving average of $9.19 and a two-hundred day simple moving average of $10.70. The firm has a market capitalization of $5.92 billion, a P/E ratio of 449.72 and a beta of 0.77.

Analyst Ratings Changes

Several equities analysts have commented on CCCS shares. Barclays lowered their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Piper Sandler reaffirmed a "neutral" rating and set a $11.00 price target (down 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 decreased their price objective for the stock from $14.00 to $11.00 in a research note on Wednesday, February 26th. Morgan Stanley dropped their target price on CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Barrington Research restated an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $12.57.

Insider Activity

In other news, CAO Rodney Christo sold 20,077 shares of CCC Intelligent Solutions stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $10.20, for a total transaction of $204,785.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eileen Schloss sold 27,478 shares of CCC Intelligent Solutions stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $8.60, for a total transaction of $236,310.80. Following the sale, the director now directly owns 26,569 shares of the company's stock, valued at $228,493.40. This represents a 50.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,087,456 shares of company stock valued at $434,240,401. Corporate insiders own 6.03% of the company's stock.

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.

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