CHICAGO—Teri Williams, a director at CCC (WA:CCCP) Intelligent Solutions Holdings Inc. (NYSE:CCCS), a $7.4 billion market cap company with impressive gross profit margins of 77%, sold a significant portion of her shares in the company, as disclosed in a recent SEC filing. On December 20, Williams sold 20,000 shares of CCC Intelligent Solutions common stock at an average price of $12.2179 per share, totaling approximately $244,358. Following the transaction, Williams retains ownership of 54,135 shares in the company. The sale was executed in multiple transactions at prices ranging from $12.2100 to $12.2350 per share. According to InvestingPro analysis, the stock currently trades with low volatility, maintaining a beta of 0.7. Get access to 13 additional exclusive ProTips and comprehensive valuation metrics with InvestingPro.
In other recent news, CCC Intelligent Solutions Inc. has announced a series of significant developments. The company has signed a definitive agreement to acquire the AI firm EvolutionIQ Inc. for $730 million, aiming to strengthen its position in the property and casualty insurance sector. The transaction is expected to close in Q1 2025. Simultaneously, CCC has also authorized a share repurchase program of up to $300 million, demonstrating confidence in the future benefits of the acquisition and commitment to shareholder returns.
In addition, the tenure of the company’s Executive Vice President, Chief Service Delivery Officer, Mary Jo Prigge, has been extended until May 31, 2025, ensuring leadership stability. Furthermore, CCC Intelligent Solutions has been upgraded from Equal-weight to Overweight by Morgan Stanley (NYSE:MS), reflecting confidence in the company’s market position and growth potential, particularly in the area of artificial intelligence solutions.
Financially, the company reported an 8% year-over-year increase in total revenue, reaching $238 million, and a 9% rise in adjusted EBITDA to $102 million. These recent developments indicate a period of sustained leadership and strategic actions aimed at enhancing shareholder value.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.