CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Insider Githesh Ramamurthy Sells 55,488 Shares of Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Githesh Ramamurthy sold 55,488 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $11.58, for a total value of $642,551.04. Following the sale, the insider now owns 6,463,840 shares of the company’s stock, valued at $74,851,267.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, June 25th, Githesh Ramamurthy sold 24,541 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.50, for a total transaction of $282,221.50.
• 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 transaction 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 Trading Down 0.1 %

Shares of CCCS opened at $11.10 on Tuesday. The firm has a market cap of $6.90 billion, a P/E ratio of -52.86, a price-to-earnings-growth ratio of 5.33 and a beta of 0.62. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.53 and a quick ratio of 2.53. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $10.32 and a 1 year high of $13.41. The company has a 50 day simple moving average of $11.30 and a two-hundred day simple moving average of $11.40.

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

Analyst Upgrades and Downgrades

CCCS has been the topic of several recent research reports. Evercore ISI raised their price objective on CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 13th. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.63.

Institutional Investors Weigh In On CCC Intelligent Solutions

A number of hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. increased its stake in CCC Intelligent Solutions by 1.6% in the 3rd quarter. Federated Hermes Inc. now owns 65,231 shares of the company’s stock worth $871,000 after acquiring an additional 997 shares during the last quarter. Wedmont Private Capital raised its stake in CCC Intelligent Solutions by 9.7% during the first quarter. Wedmont Private Capital now owns 12,266 shares of the company’s stock valued at $146,000 after purchasing an additional 1,082 shares in the last quarter. American International Group Inc. lifted its position in CCC Intelligent Solutions by 68.6% during the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after purchasing an additional 1,135 shares during the last quarter. Banque Cantonale Vaudoise grew its stake in shares of CCC Intelligent Solutions by 128.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock worth $30,000 after buying an additional 1,424 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of CCC Intelligent Solutions by 5.3% in the 1st 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 during the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

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.