Stocks of CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS) traded higher last session on Wall Street, down -0.93% to $11.67.
CCCS stock price is now 1.73% away from the 50-day moving average and 2.26% away from the 200-day moving average. The market capitalization of the company currently stands at $7.17B.
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On December 12, 2023, Morgan Stanley recently initiated its ‘Equal-Weight’ rating on the stock quoting a target price of $13, while ‘Stifel’ rates the stock as ‘Buy’
In other news, PRIGGE MARY JO, insider sold 100,000 shares of the company’s stock on May 20 ’24. The stock was sold for $1,150,020 at an average price of $11.50. Upon completion of the transaction, the insider now directly owns 86,825 shares in the company, valued at $1.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 24 ’24, RAMAMURTHY GITHESH sold 57,619 shares of the business’s stock. A total of $663,610 was realized by selling the stock at an average price of $11.52. This leaves the insider owning 6,463,840 shares of the company worth $75.43 million. A total of 46.11% of the company’s stock is owned by insiders.
During the past 12 months, CCC Intelligent Solutions Holdings Inc has had a low of $9.96 and a high of $13.41. As of last week, the company has a debt-to-equity ratio of 0.48, a current ratio of 2.39, and a quick ratio of 2.39. The fifty day moving average price for CCCS is $11.4594 and a two-hundred day moving average price translates $11.4173 for the stock.
The latest earnings results from CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) was released for 2024-03-31. The net profit margin was -10.85% and return on equity was -5.00% for CCCS. The company reported revenue of $227.24 million for the quarter, compared to $204.92 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.89 percent.
