CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo Sells 30,000 Shares of Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCSGet Free Report) CAO Rodney Christo sold 30,000 shares of CCC Intelligent Solutions stock in a transaction on Friday, March 8th. The shares were sold at an average price of $12.50, for a total transaction of $375,000.00. Following the completion of the sale, the chief accounting officer now directly owns 14,154 shares of the company’s stock, valued at approximately $176,925. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

CCC Intelligent Solutions Trading Up 3.8 %

Shares of CCC Intelligent Solutions stock opened at $12.63 on Monday. The stock has a fifty day moving average price of $11.22 and a 200-day moving average price of $11.43. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a market cap of $7.64 billion, a PE ratio of -60.14 and a beta of 0.61. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.33 and a 1 year high of $13.41.

Institutional Trading of CCC Intelligent Solutions

A number of large investors have recently added to or reduced their stakes in the stock. Park Place Capital Corp boosted its stake in CCC Intelligent Solutions by 65.9% in the fourth quarter. Park Place Capital Corp now owns 4,175 shares of the company’s stock valued at $48,000 after acquiring an additional 1,659 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in CCC Intelligent Solutions by 21.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,403 shares of the company’s stock valued at $61,000 after purchasing an additional 968 shares during the last quarter. Captrust Financial Advisors bought a new position in CCC Intelligent Solutions during the second quarter valued at $53,000. Quantbot Technologies LP increased its position in CCC Intelligent Solutions by 252.1% in the first quarter. Quantbot Technologies LP now owns 5,735 shares of the company’s stock worth $63,000 after buying an additional 4,106 shares during the last quarter. Finally, Covestor Ltd raised its stake in shares of CCC Intelligent Solutions by 781.7% in the third quarter. Covestor Ltd now owns 6,895 shares of the company’s stock valued at $92,000 after buying an additional 6,113 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

CCCS has been the subject of several recent research reports. Morgan Stanley initiated coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $13.00 target price for the company. Barclays upped their price target on CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th. Barrington Research restated an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Thursday, February 29th. Citigroup reiterated a “buy” rating and issued a $13.00 target price on shares of CCC Intelligent Solutions in a research note on Thursday, February 8th. Finally, Piper Sandler raised their price target on shares of CCC Intelligent Solutions from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.38.

View Our Latest Analysis on CCCS

About CCC Intelligent Solutions

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CCC Intelligent Solutions Holdings Inc provides cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. 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 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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