Githesh Ramamurthy Sells 55,488 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Githesh Ramamurthy sold 55,488 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $11.58, for a total value of $642,551.04. Following the completion of the transaction, the insider now directly owns 6,463,840 shares in the company, valued at approximately $74,851,267.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Githesh Ramamurthy also recently made the following trade(s):

• On Tuesday, June 25th, Githesh Ramamurthy sold 24,541 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.50, for a total value of $282,221.50.
• On Wednesday, May 22nd, Githesh Ramamurthy sold 1,000,000 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.78, for a total value of $11,780,000.00.
• On Wednesday, April 24th, Githesh Ramamurthy sold 57,619 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $11.52, for a total value of $663,770.88.
• On Monday, April 22nd, Githesh Ramamurthy sold 297 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.52, for a total transaction of $3,421.44.

CCC Intelligent Solutions Stock Down 0.4 %

Shares of NYSE:CCCS opened at $11.06 on Wednesday. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $10.32 and a 1-year high of $13.41. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.53 and a quick ratio of 2.53. The stock has a market cap of $6.87 billion, a P/E ratio of -52.67, a P/E/G ratio of 5.33 and a beta of 0.62. The firm has a fifty day moving average price of $11.30 and a 200 day moving average price of $11.39.

CCC Intelligent Solutions (NYSE:CCCS) last announced its earnings results on Tuesday, April 30th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). CCC Intelligent Solutions had a negative net margin of 10.85% and a positive return on equity of 4.52%. The business had revenue of $227.24 million during the quarter, compared to analysts’ expectations of $225.21 million. Sell-side analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CCCS. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Wednesday, May 1st. Evercore ISI raised their price objective on CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.63.

Institutional Trading of CCC Intelligent Solutions

A number of hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. increased its holdings in shares of CCC Intelligent Solutions by 1.6% in the third quarter. Federated Hermes Inc. now owns 65,231 shares of the company’s stock valued at $871,000 after purchasing an additional 997 shares during the period. Wedmont Private Capital grew its position in CCC Intelligent Solutions by 9.7% in the 1st quarter. Wedmont Private Capital now owns 12,266 shares of the company’s stock valued at $146,000 after buying an additional 1,082 shares during the last quarter. American International Group Inc. increased its stake in CCC Intelligent Solutions by 68.6% in the 1st quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after buying an additional 1,135 shares during the period. Banque Cantonale Vaudoise raised its position in CCC Intelligent Solutions by 128.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock worth $30,000 after buying an additional 1,424 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of CCC Intelligent Solutions by 5.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 32,082 shares of the company’s stock worth $384,000 after acquiring an additional 1,619 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.

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.