In yesterday’s Wall Street session, CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS) shares traded at $8.68, down -1.14% from the previous session.
CCCS stock price is now -2.70% away from the 50-day moving average and -17.52% away from the 200-day moving average. The market capitalization of the company currently stands at $5.72B.
With the price target reduced from $14 to $11, JP Morgan Downgraded its rating from Overweight to Neutral for CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS). On November 13, 2024, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $14 to quote $15, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, De Crescenzo Neil E., Director bought 100,000 shares of the company’s stock on May 23 ’25. The stock was bought for $853,560 at an average price of $8.54. Upon completion of the transaction, the Director now directly owns 213,429 shares in the company, valued at $1.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’25, Director Young Lauren sold 30,000,000 shares of the business’s stock. A total of $272,400,000 was realized by selling the stock at an average price of $9.08. This leaves the insider owning 1,562,344 shares of the company worth $13.56 million. A total of 21.42% of the company’s stock is owned by insiders.
During the past 12 months, CCC Intelligent Solutions Holdings Inc has had a low of $8.14 and a high of $12.88. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 1.42, and a quick ratio of 1.42.
The net profit margin was 0.95% and return on equity was 0.46% for CCCS. The company reported revenue of $251.56 million for the quarter, compared to $227.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.71 percent. For the current quarter, analysts expect CCCS to generate $256.25M in revenue.
