Insider Selling: CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Director Sells 27,478 Shares of Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) Director Eileen Schloss sold 27,478 shares of the firm's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $8.60, for a total transaction of $236,310.80. Following the transaction, the director now owns 26,569 shares of the company's stock, valued at $228,493.40. This trade represents a 50.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 stock was sold at an average price of $8.98, for a total value of $305,813.90.

CCC Intelligent Solutions Trading Up 2.7 %

Shares of CCCS traded up $0.23 during mid-day trading on Wednesday, hitting $8.51. The company had a trading volume of 2,528,736 shares, compared to its average volume of 4,497,054. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $5.42 and a 1-year 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 business's 50-day simple moving average is $9.81 and its 200-day simple moving average is $10.91. The stock has a market cap of $5.59 billion, a PE ratio of 426.51 and a beta of 0.77.

CCC Intelligent Solutions announced that its Board of Directors has initiated a stock buyback plan on Friday, December 20th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to purchase up to 4% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Institutional Trading of CCC Intelligent Solutions

Institutional investors and hedge funds have recently made changes to their positions in the company. Baker Tilly Wealth Management LLC grew its position in CCC Intelligent Solutions by 6.6% during the fourth 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 grew its holdings in shares of CCC Intelligent Solutions by 6.1% during the 4th quarter. Central Pacific Bank Trust Division now owns 16,760 shares of the company's stock worth $197,000 after purchasing an additional 960 shares during the period. CIBC Asset Management Inc raised its holdings in CCC Intelligent Solutions by 5.9% in the fourth quarter. CIBC Asset Management Inc now owns 19,046 shares of the company's stock valued at $223,000 after buying an additional 1,054 shares during the period. Berry Wealth Group LP lifted its position in CCC Intelligent Solutions by 5.8% during the fourth quarter. Berry Wealth Group LP now owns 20,224 shares of the company's stock valued at $237,000 after buying an additional 1,109 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in CCC Intelligent Solutions by 1.0% during the fourth quarter. Arizona State Retirement System now owns 117,507 shares of the company's stock worth $1,378,000 after buying an additional 1,150 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on CCCS shares. Piper Sandler reissued a "neutral" rating and issued a $11.00 target price (down previously from $13.00) on shares of CCC Intelligent Solutions in a research note on Wednesday, February 26th. Barrington Research reissued an "outperform" rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. lowered shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $14.00 to $11.00 in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $13.14.

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.