Eric Wei Sells 17,506,195 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCSGet Rating) Director Eric Wei sold 17,506,195 shares of the business’s stock in a transaction dated Monday, April 11th. The shares were sold at an average price of $9.28, for a total transaction of $162,457,489.60. Following the completion of the transaction, the director now owns 8,238,944 shares in the company, valued at $76,457,400.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NYSE CCCS traded up $0.11 during midday trading on Wednesday, hitting $9.76. The company’s stock had a trading volume of 1,034,891 shares, compared to its average volume of 1,238,084. The stock has a fifty day moving average price of $10.49 and a 200 day moving average price of $11.03. CCC Intelligent Solutions Holdings Inc. has a one year low of $8.58 and a one year high of $13.46. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.36 and a current ratio of 2.36.

CCC Intelligent Solutions (NYSE:CCCSGet Rating) last posted its quarterly earnings results on Tuesday, March 1st. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. The business had revenue of $187.08 million during the quarter, compared to the consensus estimate of $181.84 million. Sell-side analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.27 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of CCCS. Capital Research Global Investors bought a new stake in CCC Intelligent Solutions during the 3rd quarter worth approximately $118,840,000. Contour Asset Management LLC increased its holdings in CCC Intelligent Solutions by 586.8% during the 4th quarter. Contour Asset Management LLC now owns 7,568,243 shares of the company’s stock worth $86,202,000 after acquiring an additional 6,466,345 shares during the period. Janus Henderson Group PLC bought a new stake in CCC Intelligent Solutions during the 3rd quarter worth approximately $57,107,000. Glenview Capital Management LLC purchased a new position in CCC Intelligent Solutions in the 3rd quarter worth approximately $25,287,000. Finally, TD Asset Management Inc. grew its stake in CCC Intelligent Solutions by 128.4% in the 4th quarter. TD Asset Management Inc. now owns 936,582 shares of the company’s stock worth $10,668,000 after buying an additional 526,491 shares in the last quarter. 86.22% of the stock is currently owned by institutional investors and hedge funds.

CCCS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of CCC Intelligent Solutions from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Thursday, March 3rd. Citigroup lowered their price target on shares of CCC Intelligent Solutions from $13.00 to $11.00 in a research report on Friday, February 11th. Finally, JPMorgan Chase & Co. lowered shares of CCC Intelligent Solutions from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $14.00 to $12.00 in a research report on Tuesday, December 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.50.

CCC Intelligent Solutions Company Profile (Get Rating)

CCC Intelligent Solutions Holdings Inc provides cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. It SaaS platform digitizes mission-critical AI-enabled workflows, facilitates commerce, and connects businesses across the insurance economy, including insurance carriers, collision repairers, parts suppliers, automotive manufactures, financial institution, and others.

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