SoFi CEO enters prepaid forward contract on 1.5 million shares
Eileen Schloss, a director at CCC (WA:CCCP) Intelligent Solutions Holdings Inc. (NYSE:CCCS), executed a series of stock transactions on March 21, 2025. According to the SEC filing, Schloss sold 34,055 shares of common stock at an average price of $8.98 per share, totaling $305,813. This transaction was conducted as part of a pre-arranged trading plan under Rule 10b5-1. The sale occurred as CCCS trades near its 52-week low of $8.82, with the stock down nearly 23% year-to-date, according to InvestingPro data.
Additionally, Schloss acquired 34,055 shares through the exercise of stock options at a price of $4.05 per share. Following these transactions, Schloss holds 54,047 shares of CCC Intelligent Solutions.
These stock movements are part of Schloss’s ongoing financial strategy and reflect her engagement with the company’s equity plans. The transactions were automatically executed under a trading plan adopted in December 2024.
In other recent news, CCC Intelligent Solutions Holdings Inc. reported its fourth-quarter 2024 earnings, with revenue reaching $246.5 million, an 8% increase from the previous year, and an earnings per share of $0.10, meeting analyst expectations. The company highlighted its strategic acquisition of Evolution IQ and the launch of AI-driven products as contributors to its growth. For the full year 2024, CCC reported revenue of $944.8 million, marking a 9% year-over-year increase, with an adjusted EBITDA of $397 million. Looking forward, CCC projects 2025 revenue between $1.055 billion and $1.065 billion, a growth of 12%, with Evolution IQ expected to contribute $45-$50 million to this growth.
In other developments, CCC Intelligent Solutions announced a secondary offering of 42 million shares by affiliates of Advent International, L.P., while planning to repurchase 7 million shares as part of the offering. This move is aligned with the company’s capital management strategy. Meanwhile, JPMorgan analysts downgraded CCC Intelligent Solutions’ stock from Overweight to Neutral, citing concerns about the company’s growth potential and market penetration. The downgrade followed the company’s report of a decrease in net dollar retention and a slower revenue growth estimate for fiscal year 2025.
The company continues to face challenges such as potential slowdowns in claims volume and increasing complexity in repair processes. Despite these challenges, CCC Intelligent Solutions remains focused on leveraging AI to drive digital transformation in the insurance economy, with new leadership appointments aimed at revitalizing its market strategy.
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