CCC Intelligent Solutions Holdings Inc (CCCS) Stock Sees Market Value Hit $7.18 billion: What Are the Implications?

Morgan Stanley has recently raised CCC Intelligent Solutions Holdings Inc (CCCS) stock rating, as announced on November 13, 2024, according to Finviz. Earlier, on August 20, 2024, BofA Securities had resumed the stock to Buy, setting a price target of $15. Citigroup also resumed Neutral rating with a price target of $13. Additionally, Morgan Stanley initiated rating on December 12, 2023, with a target price of $13. Stifel analysts, in their report published on September 22, 2023, also initiated Buy rating and set a price target of $14 for CCC Intelligent Solutions Holdings Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.

CCC Intelligent Solutions Holdings Inc (CCCS) Stock Trading Recap

On Monday, CCC Intelligent Solutions Holdings Inc (CCCS) stock saw a decline, ending the day at $10.94 which represents a decrease of $-0.17 or -1.53% from the prior close of $11.11. The stock opened at $10.94 and touched a low of $10.81 during the day, reaching a high of $11.04. The volume of shares traded was 5.37 million exceeding the average volume of 3.54 million.


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CCCS Stock Performance and Moving Averages

In recent trading, CCC Intelligent Solutions Holdings Inc (CCCS) stock price has shown some volatility, fluctuating -3.19% over the last five trades and -6.73% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 7.05%, and it has gained 3.11% in the previous three months. Currently, CCCS is trading at -2.70%, -7.54%, and -2.52% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.

As of the latest trading close, CCCS, a Technology sector stock, is trading -15.06% below its 52-week high but remains 11.75% above its 52-week low. The Average True Range (ATR) (14 days) of 0.27 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.

CCC Intelligent Solutions Holdings Inc’s Profitability and Valuation Ratios

CCC Intelligent Solutions Holdings Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of 9.15% and a profit margin of 5.02%, with a gross margin of 7.05%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.

In terms of valuation, CCC Intelligent Solutions Holdings Inc’s market capitalization stands at $7.18 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 146.85, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 27.75. Additionally, the Price-to-Sales Ratio is 7.75, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 3.53, comparing the market value to the company’s book value.

Understanding Insider Trading

Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 32.84% of CCC Intelligent Solutions Holdings Inc (CCCS)’s shares, while financial institutions hold 67.74%.

Notable insider trades include Williams Teri, Director at CCC Intelligent Solutions Holdings Inc (CCCS), who sold 20000 shares on Dec 20 ’24, at $12.22 each, totaling $0.24 million. On Nov 22 ’24, Christo Rodney, Chief Accounting Officer, sold 65084 shares for $12.52 each, amounting to $0.81 million. Additionally, on Nov 25 ’24, Christo Rodney sold 9916 shares at $12.67 each, generating $0.13 million.

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