Mary Jo Prigge Sells 102,165 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCSGet Rating) insider Mary Jo Prigge sold 102,165 shares of the business’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $9.19, for a total value of $938,896.35. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Mary Jo Prigge also recently made the following trade(s):

  • On Friday, October 28th, Mary Jo Prigge sold 65,259 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $9.05, for a total value of $590,593.95.
  • On Wednesday, October 26th, Mary Jo Prigge sold 6,541 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $9.00, for a total value of $58,869.00.
  • On Monday, October 10th, Mary Jo Prigge sold 5,954 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $9.03, for a total value of $53,764.62.
  • On Thursday, September 8th, Mary Jo Prigge sold 102,165 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $9.53, for a total value of $973,632.45.

CCC Intelligent Solutions Trading Up 1.2 %

Shares of NYSE:CCCS opened at $9.36 on Friday. The company has a 50-day simple moving average of $9.02 and a 200 day simple moving average of $9.18. The company has a market capitalization of $5.81 billion, a P/E ratio of -236.44, a price-to-earnings-growth ratio of 1.67 and a beta of 0.77. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.46 and a current ratio of 2.76. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $7.41 and a 52-week high of $13.46.

CCC Intelligent Solutions (NYSE:CCCSGet Rating) last issued its earnings results on Friday, November 4th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. CCC Intelligent Solutions had a positive return on equity of 9.38% and a negative net margin of 2.68%. The company had revenue of $198.73 million during the quarter, compared to the consensus estimate of $195.11 million. During the same period in the previous year, the company posted ($0.26) EPS. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. Sell-side analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On CCC Intelligent Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of CCC Intelligent Solutions by 13.3% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,646 shares of the company’s stock worth $494,000 after buying an additional 6,300 shares during the period. Summit Creek Advisors LLC grew its stake in shares of CCC Intelligent Solutions by 291.8% in the first quarter. Summit Creek Advisors LLC now owns 1,061,177 shares of the company’s stock valued at $11,715,000 after acquiring an additional 790,354 shares in the last quarter. Maryland State Retirement & Pension System bought a new position in CCC Intelligent Solutions during the second quarter worth about $120,000. Vista Wealth Management Group LLC acquired a new stake in CCC Intelligent Solutions in the 2nd quarter worth about $6,846,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in CCC Intelligent Solutions by 2.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,567,322 shares of the company’s stock valued at $39,383,000 after purchasing an additional 83,336 shares during the period. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Citigroup lowered their price objective on shares of CCC Intelligent Solutions from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, November 1st. William Blair reiterated an “outperform” rating on shares of CCC Intelligent Solutions in a report on Friday, August 5th. Piper Sandler assumed coverage on shares of CCC Intelligent Solutions in a research note on Monday, August 8th. They set a “neutral” rating and a $11.00 price objective for the company. Finally, Barclays assumed coverage on shares of CCC Intelligent Solutions in a research note on Friday, October 21st. They set an “equal weight” rating and a $10.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, CCC Intelligent Solutions has an average rating of “Hold” and an average target price of $11.43.

About CCC Intelligent Solutions

(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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Insider Buying and Selling by Quarter for CCC Intelligent Solutions (NYSE:CCCS)

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