Rodney Christo Sells 5,846 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo sold 5,846 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $9.15, for a total transaction of $53,490.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Rodney Christo also recently made the following trade(s):

• On Monday, March 3rd, Rodney Christo sold 20,077 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $10.20, for a total transaction of $204,785.40.

CCC Intelligent Solutions Stock Up 0.4 %

NYSE:CCCS traded up $0.04 on Tuesday, hitting $9.19. The stock had a trading volume of 8,214,476 shares, compared to its average volume of 4,125,919. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $8.83 and a 52 week high of $12.88. The business’s fifty day moving average is $10.40 and its 200 day moving average is $11.08. The company has a market cap of $6.04 billion, a PE ratio of 459.73 and a beta of 0.73.

CCC Intelligent Solutions announced that its board has initiated a stock repurchase plan on Friday, December 20th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to reacquire up to 4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Institutional Trading of CCC Intelligent Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Baker Tilly Wealth Management LLC grew its holdings in shares of CCC Intelligent Solutions by 6.6% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 14,386 shares of the company’s stock valued at $169,000 after buying an additional 888 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in CCC Intelligent Solutions by 6.1% during the 4th quarter. Central Pacific Bank Trust Division now owns 16,760 shares of the company’s stock worth $197,000 after purchasing an additional 960 shares in the last quarter. CIBC Asset Management Inc increased its holdings in CCC Intelligent Solutions by 5.9% during the 4th quarter. CIBC Asset Management Inc now owns 19,046 shares of the company’s stock worth $223,000 after purchasing an additional 1,054 shares in the last quarter. Berry Wealth Group LP raised its stake in shares of CCC Intelligent Solutions by 5.8% in the fourth quarter. Berry Wealth Group LP now owns 20,224 shares of the company’s stock worth $237,000 after purchasing an additional 1,109 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of CCC Intelligent Solutions by 1.0% during the fourth quarter. Arizona State Retirement System now owns 117,507 shares of the company’s stock valued at $1,378,000 after buying an additional 1,150 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CCCS shares. Piper Sandler reaffirmed a “neutral” rating and set a $11.00 price target (down previously from $13.00) on shares of CCC Intelligent Solutions in a research report on Wednesday, February 26th. Barrington Research reaffirmed an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. lowered CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $14.00 to $11.00 in a research note on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.14.

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.