Ccc intelligent solutions chief accounting officer sells $113,939 in stock

On March 6, 2025, Christo Rodney, the Chief Accounting Officer of CCC (WA:CCCP) Intelligent Solutions Holdings Inc. (NYSE:CCCS), engaged in significant stock transactions. Rodney sold 12,186 shares of common stock at a price of $9.35 per share, amounting to a total sale value of approximately $113,939. This transaction was conducted automatically under a pre-arranged Rule 10b5-1 trading plan adopted on August 16, 2024. The sale comes as the stock trades near its 52-week low of $8.98, with InvestingPro data indicating the stock is currently in oversold territory.

In addition to the sale, Rodney also engaged in other stock transactions, including the acquisition of 17,238 shares through the conversion of restricted stock units (RSUs) at no cost. These RSUs were part of grants made in previous years, with vesting schedules tied to Rodney’s continued service with the company. The company maintains impressive gross profit margins of 76.5% and has received a "GOOD" overall financial health rating from InvestingPro, which offers 14 additional valuable insights about CCCS’s financial performance.

Following these transactions, Rodney holds 135,642 shares indirectly through a trust. These transactions reflect Rodney’s ongoing involvement with CCC Intelligent Solutions, a company specializing in prepackaged software services. With a market capitalization of $5.95 billion, the company has experienced a 20.8% decline year-to-date, potentially presenting an interesting opportunity for investors seeking exposure to the software sector.

In other recent news, CCC Intelligent Solutions Holdings Inc. reported its fourth-quarter 2024 earnings, with revenue reaching $246.5 million, an 8% increase compared to the previous year, and earnings per share (EPS) of $0.10, aligning with analyst expectations. The company’s full-year 2024 revenue was $944.8 million, up 9% year-over-year. CCC Intelligent Solutions has also announced a secondary stock offering of 42 million shares by affiliates of Advent International, alongside a plan to repurchase 7 million shares using cash on hand, as part of its capital structure strategy. In analyst developments, JPMorgan downgraded CCC Intelligent Solutions’ stock rating from Overweight to Neutral, citing a decrease in net dollar retention and slower projected organic revenue growth for fiscal year 2025. The downgrade was accompanied by a reduction in the price target from $14 to $11. The company has been active in expanding its market reach, launching new AI-driven products and acquiring Evolution IQ. These moves are expected to contribute significantly to the projected 12% revenue growth for 2025, with Evolution IQ alone anticipated to add $45-$50 million. Despite these positive steps, CCC Intelligent Solutions faces challenges such as a slowdown in claims volume, which decreased by 5% in 2024.

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