CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that CCC Intelligent Solutions Announces Pricing of Upsized Secondary Offering of 43 Million Shares of Common Stock.

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Stocks Info

CCCS belongs to the Technology sector of the NASDAQ while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $11.85 and fluctuated between $11.89 as its day high and $11.62 as its day low. The current market capitalization of CCC Intelligent Solutions Holdings Inc is $7.17B. A total of 3.49 million shares were traded on the day, compared to an average of 2.69M shares.

In the most recent transaction, ADVENT INTERNATIONAL, L.P. sold 41,165,139 shares of CCCS for 11.33 per share on Mar 04 ’24. After the transaction, the Director now owns 5,164,022 company shares. In a previous transaction on Mar 04 ’24, Young Lauren sold 41,165,139 shares at 11.33 per share. CCCS shares that Director owns now total 5,164,022.

Among the insiders who sold shares, Wei Eric disposed of 41,165,139 shares on Mar 04 ’24 at a per-share price of $11.33. This resulted in the Director holding 5,164,022 shares of CCCS after the transaction. In another insider transaction, Egan Christopher sold 41,165,139 shares at $11.33 per share on Mar 04 ’24. Company shares held by the Director now total 5,164,022.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CCCS has a high of $13.41 and a low of $8.33.

As of this writing, CCCS has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.09 per share and a lower estimate of $0.08. The company reported an EPS of $0.09 in the last quarter, which was 12.50% higher than expectations of $0.08.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CCCS’s latest balance sheet shows that the firm has $182.54M in Cash & Short Term Investments as of fiscal 2021. There were $852.79M in debt and $136.65M in liabilities at the time. Its Book Value Per Share was $2.96, while its Total Shareholder’s Equity was $1.89B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CCCS is Buy with a score of 4.50.

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