CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS) shares traded 0.51% higher at $11.79 on Wall Street last session.
CCCS stock price is now 1.08% away from the 50-day moving average and 4.39% away from the 200-day moving average. The market capitalization of the company currently stands at $7.37B.
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With the price target enhanced from $14 to $15, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight for CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS). , while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Christo Rodney, Chief Accounting Officer sold 65,084 shares of the company’s stock on Nov 22 ’24. The stock was sold for $814,735 at an average price of $12.52. Upon completion of the transaction, the Chief Accounting Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, Chief Accounting Officer Christo Rodney sold 9,916 shares of the business’s stock. A total of $125,627 was realized by selling the stock at an average price of $12.67. A total of 32.81% of the company’s stock is owned by insiders.
During the past 12 months, CCC Intelligent Solutions Holdings Inc has had a low of $9.79 and a high of $12.88. As of last week, the company has a debt-to-equity ratio of 0.44, a current ratio of 3.05, and a quick ratio of 3.05. According to the stock market information, the enterprise value for the company is $7925564416, which is based on a 158.26 price-to-earnings ratio, a 15.15 price-to-earnings-growth ratio, and a beta of 0.72. The fifty day moving average price for CCCS is $11.644 and a two-hundred day moving average price translates $11.29495 for the stock.
The latest earnings results from CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) was released for 2024-09-30. The net profit margin was 5.02% and return on equity was 2.33% for CCCS. The company reported revenue of $238.48 million for the quarter, compared to $221.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.84 percent.
