CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Sells $53,490.90 in Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) CAO Rodney Christo sold 5,846 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $9.15, for a total value of $53,490.90. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Rodney Christo also recently made the following trade(s):

• On Monday, March 3rd, Rodney Christo sold 20,077 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $10.20, for a total transaction of $204,785.40.

CCC Intelligent Solutions Trading Down 1.7 %

Shares of NYSE CCCS traded down $0.15 during midday trading on Friday, hitting $8.92. The stock had a trading volume of 7,814,743 shares, compared to its average volume of 4,265,704. 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 fifty-two week low of $8.83 and a fifty-two week high of $12.88. The firm has a market cap of $5.87 billion, a P/E ratio of 446.22 and a beta of 0.73. The company's 50-day simple moving average is $10.24 and its 200 day simple moving average is $11.03.

CCC Intelligent Solutions declared that its board has initiated a share repurchase plan on Friday, December 20th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

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Analysts Set New Price Targets

A number of research firms have recently issued reports on CCCS. Barrington Research reiterated an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Monday, February 24th. JPMorgan Chase & Co. lowered CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $14.00 to $11.00 in a research note on Wednesday, February 26th. Finally, 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 report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $13.14.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Eagle Bay Advisors LLC bought a new position in CCC Intelligent Solutions in the fourth quarter valued at approximately $25,000. UMB Bank n.a. bought a new stake in CCC Intelligent Solutions in the fourth quarter valued at about $28,000. TD Private Client Wealth LLC acquired a new position in CCC Intelligent Solutions in the fourth quarter valued at about $31,000. Advisors Asset Management Inc. boosted its holdings in CCC Intelligent Solutions by 153.0% during the third quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company's stock worth $32,000 after buying an additional 1,729 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of CCC Intelligent Solutions during the 4th quarter worth about $36,000. Institutional investors own 95.79% of the company's stock.

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.