Mary Jo Prigge Sells 97,511 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Mary Jo Prigge sold 97,511 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $12.01, for a total value of $1,171,107.11. Following the sale, the insider now directly owns 97,268 shares of the company’s stock, valued at approximately $1,168,188.68. The trade was a 50.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, November 13th, Mary Jo Prigge sold 2,489 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $12.00, for a total value of $29,868.00.

CCC Intelligent Solutions Trading Up 1.1 %

CCC Intelligent Solutions stock opened at $12.47 on Monday. The stock has a 50-day simple moving average of $11.10 and a 200 day simple moving average of $11.04. The stock has a market capitalization of $7.80 billion, a P/E ratio of 623.50, a PEG ratio of 7.08 and a beta of 0.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $9.79 and a 52 week high of $12.68.

CCC Intelligent Solutions (NYSE:CCCS) last issued its earnings results on Monday, October 28th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The company had revenue of $238.48 million during the quarter, compared to the consensus estimate of $237.41 million. During the same period in the previous year, the company posted $0.03 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On CCC Intelligent Solutions

Several large investors have recently modified their holdings of the stock. Barclays PLC raised its holdings in CCC Intelligent Solutions by 155.7% in the 3rd quarter. Barclays PLC now owns 109,020 shares of the company’s stock valued at $1,205,000 after acquiring an additional 66,386 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of CCC Intelligent Solutions by 45.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 165,040 shares of the company’s stock valued at $1,824,000 after purchasing an additional 51,607 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of CCC Intelligent Solutions by 26.7% during the third quarter. Coldstream Capital Management Inc. now owns 18,236 shares of the company’s stock worth $204,000 after purchasing an additional 3,848 shares during the period. Geode Capital Management LLC lifted its holdings in CCC Intelligent Solutions by 16.9% during the 3rd quarter. Geode Capital Management LLC now owns 7,204,260 shares of the company’s stock worth $79,627,000 after purchasing an additional 1,039,690 shares during the last quarter. Finally, M&T Bank Corp bought a new stake in CCC Intelligent Solutions in the 3rd quarter valued at $124,000. 95.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on CCCS. Barrington Research reiterated an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th. Morgan Stanley upgraded shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $14.00 to $15.00 in a report on Wednesday, November 13th. Jefferies Financial Group reduced their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. JPMorgan Chase & Co. lowered their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Finally, Bank of America started coverage on shares of CCC Intelligent Solutions in a research note on Tuesday, August 20th. They set a “buy” rating and a $15.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.78.

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.