In Friday’s Wall Street session, CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS) shares traded at $9.32, up 1.19% from the previous session.
CCCS stock price is now -12.79% away from the 50-day moving average and -15.96% away from the 200-day moving average. The market capitalization of the company currently stands at $6.13B.
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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, Christo Rodney, Chief Accounting Officer sold 12,186 shares of the company’s stock on Mar 07 ’25. The stock was sold for $113,939 at an average price of $9.35. 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 Mar 03 ’25, Director Wei Eric 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 $21.05 million. A total of 25.37% of the company’s stock is owned by insiders.
During the past 12 months, CCC Intelligent Solutions Holdings Inc has had a low of $8.82 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. According to the stock market information, the enterprise value for the company is $6595538432, which is based on a 229.56 price-to-earnings ratio, a 26.45 price-to-earnings-growth ratio, and a beta of 0.75. The fifty day moving average price for CCCS is $10.6874 and a two-hundred day moving average price translates $11.08975 for the stock.
The latest earnings results from CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) was released for 2024-12-31. 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.
