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 firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was 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 link.

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 Price Performance

CCCS opened at $9.11 on Thursday. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $10.33 and its 200 day moving average price is $11.05. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.83 and a fifty-two week high of $12.88. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 455.73 and a beta of 0.73.

CCC Intelligent Solutions announced that its Board of Directors has authorized a share repurchase program on Friday, December 20th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky grew its position in CCC Intelligent Solutions by 45.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 165,040 shares of the company’s stock worth $1,824,000 after purchasing an additional 51,607 shares during the last quarter. Norman Fields Gottscho Capital Management LLC raised its holdings in shares of CCC Intelligent Solutions by 34.5% during the fourth quarter. Norman Fields Gottscho Capital Management LLC now owns 397,489 shares of the company’s stock valued at $4,663,000 after buying an additional 101,885 shares during the last quarter. Barclays PLC boosted its position in shares of CCC Intelligent Solutions by 155.7% during the third quarter. Barclays PLC now owns 109,020 shares of the company’s stock worth $1,205,000 after buying an additional 66,386 shares during the period. HighTower Advisors LLC increased its position in CCC Intelligent Solutions by 1,355.0% in the 3rd quarter. HighTower Advisors LLC now owns 602,797 shares of the company’s stock valued at $6,662,000 after acquiring an additional 561,367 shares during the period. Finally, JPMorgan Chase & Co. increased its position in CCC Intelligent Solutions by 23.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 453,911 shares of the company’s stock valued at $5,016,000 after acquiring an additional 85,725 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Piper Sandler reissued a “neutral” rating and issued a $11.00 target price (down previously from $13.00) on shares of CCC Intelligent Solutions in a research report on Wednesday, February 26th. Barrington Research reissued an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $14.00 to $11.00 in a report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, CCC Intelligent Solutions presently has an average rating of “Moderate Buy” and an average target price 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.