Githesh Ramamurthy Sells 24,541 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Githesh Ramamurthy sold 24,541 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $11.50, for a total transaction of $282,221.50. Following the sale, the insider now directly owns 6,463,840 shares of the company’s stock, valued at $74,334,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, May 22nd, Githesh Ramamurthy sold 1,000,000 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.78, for a total transaction of $11,780,000.00.
• On Wednesday, April 24th, Githesh Ramamurthy sold 57,619 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.52, for a total value of $663,770.88.
• On Monday, April 22nd, Githesh Ramamurthy sold 297 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.52, for a total value of $3,421.44.

CCC Intelligent Solutions Price Performance

Shares of NYSE:CCCS opened at $11.50 on Friday. The company’s fifty day moving average is $11.32 and its 200-day moving average is $11.40. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.53 and a current ratio of 2.53. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $10.32 and a 52 week high of $13.41. The company has a market capitalization of $7.15 billion, a PE ratio of -54.76, a P/E/G ratio of 5.51 and a beta of 0.62.

CCC Intelligent Solutions (NYSE:CCCS) last posted its earnings results on Tuesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $227.24 million during the quarter, compared to the consensus estimate of $225.21 million. CCC Intelligent Solutions had a negative net margin of 10.85% and a positive return on equity of 4.52%. Equities research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky raised its stake in shares of CCC Intelligent Solutions by 57.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 106,991 shares of the company’s stock worth $1,280,000 after acquiring an additional 39,055 shares during the last quarter. Comerica Bank raised its position in CCC Intelligent Solutions by 103.1% in the 1st quarter. Comerica Bank now owns 774,261 shares of the company’s stock worth $9,260,000 after purchasing an additional 392,966 shares during the last quarter. Tidal Investments LLC boosted its position in CCC Intelligent Solutions by 10.2% in the 1st quarter. Tidal Investments LLC now owns 18,626 shares of the company’s stock valued at $223,000 after buying an additional 1,727 shares during the last quarter. Redwood Investment Management LLC acquired a new stake in shares of CCC Intelligent Solutions in the 1st quarter valued at $1,510,000. Finally, California State Teachers Retirement System raised its position in shares of CCC Intelligent Solutions by 13.5% during the first quarter. California State Teachers Retirement System now owns 251,079 shares of the company’s stock worth $3,003,000 after acquiring an additional 29,922 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CCCS shares. Barclays increased their price objective on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. Barrington Research reiterated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Wednesday, May 1st. Evercore ISI raised their price target on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 13th. Finally, Piper Sandler increased their target price on shares of CCC Intelligent Solutions from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, CCC Intelligent Solutions presently has an average rating of “Moderate Buy” and an average price target of $13.63.

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.