Stocks of CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS) traded higher last session on Wall Street, down -3.78% to $9.66.
CCCS stock price is now -12.98% away from the 50-day moving average and -13.56% away from the 200-day moving average. The market capitalization of the company currently stands at $6.35B.
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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, Wei Eric, Director sold 42,000,000 shares of the company’s stock on Mar 03 ’25. The stock was sold for $433,650,000 at an average price of $10.32. Upon completion of the transaction, the Director now directly owns 2,258,343 shares in the company, valued at $21.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03 ’25, Director ADVENT INTERNATIONAL, L.P. sold 42,000,000 shares of the business’s stock. A total of $433,650,000 was realized by selling the stock at an average price of $10.32. This leaves the insider owning 2,258,343 shares of the company worth $21.82 million. A total of 31.32% 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 0.43, a current ratio of 3.50, and a quick ratio of 3.50.
The net profit margin was 2.77% and return on equity was 1.38% for CCCS. The company reported revenue of $246.46 million for the quarter, compared to $228.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.81 percent. For the current quarter, analysts expect CCCS to generate $249.78M in revenue.
