Brian Herb Sells 19,742 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) insider Brian Herb sold 19,742 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $11.88, for a total transaction of $234,534.96. Following the sale, the insider now owns 288,076 shares of the company’s stock, valued at approximately $3,422,342.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Brian Herb also recently made the following trade(s):

• On Thursday, March 7th, Brian Herb sold 23,521 shares of CCC Intelligent Solutions stock. The stock was sold at an average price of $11.81, for a total value of $277,783.01.

CCC Intelligent Solutions Stock Down 0.3 %

CCCS opened at $11.90 on Thursday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $11.51 and its 200 day simple moving average is $11.55. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.36 and a 1-year high of $13.41. The stock has a market cap of $7.20 billion, a PE ratio of 74.62 and a beta of 0.61.

CCC Intelligent Solutions (NYSE:CCCS) last announced its earnings results on Wednesday, February 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $228.60 million for the quarter, compared to the consensus estimate of $222.80 million. CCC Intelligent Solutions had a positive return on equity of 5.80% and a negative net margin of 10.67%. As a group, research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Barrington Research reissued an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Thursday, February 29th. Evercore ISI raised their price objective on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Piper Sandler upped their target price on shares of CCC Intelligent Solutions from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Citigroup reissued a “buy” rating and issued a $13.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, February 8th. Finally, Barclays raised their price target on shares of CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, CCC Intelligent Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $13.63.

Institutional Investors Weigh In On CCC Intelligent Solutions

Institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its position in shares of 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 in the last quarter. Vanguard Group Inc. increased its stake in CCC Intelligent Solutions by 146.9% during the 1st 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 acquired a new position in CCC Intelligent Solutions in the 1st quarter valued at $3,146,000. Charles Schwab Investment Management Inc. lifted its position in shares of 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 valued at $3,384,000 after acquiring an additional 10,591 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of CCC Intelligent Solutions by 277.6% during 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 in the last quarter. Institutional investors own 95.79% of the company’s stock.

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.