Marc Fredman Sells 9,871 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCSGet Free Report) SVP Marc Fredman sold 9,871 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $11.88, for a total transaction of $117,267.48. Following the completion of the transaction, the senior vice president now directly owns 212,542 shares in the company, valued at $2,524,998.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Marc Fredman also recently made the following trade(s):

  • On Monday, March 18th, Marc Fredman sold 239,990 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.84, for a total value of $2,841,481.60.
  • On Thursday, March 14th, Marc Fredman sold 324,952 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $12.15, for a total value of $3,948,166.80.

CCC Intelligent Solutions Stock Performance

NYSE CCCS opened at $11.96 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.29 and a current ratio of 2.29. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.42 and a fifty-two week high of $13.41. The stock has a market cap of $7.23 billion, a PE ratio of -56.95 and a beta of 0.61. The firm’s fifty day moving average price is $11.53 and its two-hundred day moving average price is $11.55.

CCC Intelligent Solutions (NYSE:CCCSGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $228.60 million for the quarter, compared to analyst estimates of $222.80 million. CCC Intelligent Solutions had a negative net margin of 10.67% and a positive return on equity of 5.80%. On average, equities analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On CCC Intelligent Solutions

Institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in CCC Intelligent Solutions by 12.3% during the 1st quarter. Bank of New York Mellon Corp now owns 38,517 shares of the company’s stock worth $425,000 after purchasing an additional 4,232 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of CCC Intelligent Solutions by 146.9% in the first quarter. Vanguard Group Inc. now owns 9,519,514 shares of the company’s stock worth $105,095,000 after acquiring an additional 5,663,827 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in CCC Intelligent Solutions in the first quarter valued at approximately $3,146,000. Charles Schwab Investment Management Inc. raised its holdings in CCC Intelligent Solutions by 3.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 306,511 shares of the company’s stock worth $3,384,000 after purchasing an additional 10,591 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of CCC Intelligent Solutions by 277.6% in the 1st quarter. Royal Bank of Canada now owns 7,696 shares of the company’s stock worth $85,000 after purchasing an additional 5,658 shares during the period. 95.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CCCS has been the subject of a number of research reports. Piper Sandler lifted their target price on CCC Intelligent Solutions from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, February 29th. Evercore ISI lifted their price target on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the company an “outperform” rating in a research report on Wednesday, March 13th. Citigroup reissued a “buy” rating and set a $13.00 price target on shares of CCC Intelligent Solutions in a research report on Thursday, February 8th. Finally, Morgan Stanley started coverage on CCC Intelligent Solutions in a research report on Tuesday, December 12th. They issued an “equal weight” rating and a $13.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.63.

Read Our Latest Research Report on CCCS

CCC Intelligent Solutions Company Profile

(Get Free Report)

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.

Featured Articles

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

Receive News & Ratings for CCC Intelligent Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CCC Intelligent Solutions and related companies with MarketBeat.com's FREE daily email newsletter.