CCC Intelligent Solutions Stock (NASDAQ: CCCS)

CCC Intelligent Solutions (NASDAQ:CCCS) Stock, Quote.Headers.trade-ideas

CCC Intelligent Solutions

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies and applications for the property and casualty insurance economy. The company's SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, and AI-enabled digital workflows. The company generate revenue through the sale of software subscriptions and other revenue, primarily from professional services. The company has its presence in United States and China. Majority of the revenue is generated from United States.

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CCC Intelligent Solutions Holdings Inc. - Common Stock

CCC Intelligent Solutions Holdings Inc

FLUMIST Receives Approval For Self-Administration In U.S.

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IDACORP Increases Common Stock Dividend From $0.83 To $0.86

Investors with a lot of money to spend have taken a bearish stance on Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TTD, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Trade Desk.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $808,150, and 4 are calls, for a total amount of $244,857.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $115.0 for Trade Desk over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Trade Desk options trades today is 754.25 with a total volume of 633.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Trade Desk's big money trades within a strike price range of $50.0 to $115.0 over the last 30 days.
<h3>Trade Desk Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726864342_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TTD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$15.05</td>
<td>$14.4</td>
<td>$15.02</td>
<td>$115.00</td>
<td>$600.8K</td>
<td>208</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>TTD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$14.9</td>
<td>$14.3</td>
<td>$14.3</td>
<td>$100.00</td>
<td>$143.0K</td>
<td>440</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$4.55</td>
<td>$4.35</td>
<td>$4.52</td>
<td>$105.00</td>
<td>$118.4K</td>
<td>2.4K</td>
<td style="text-align: right;">401</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$19.6</td>
<td>$19.2</td>
<td>$19.2</td>
<td>$90.00</td>
<td>$57.6K</td>
<td>1.3K</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$22.7</td>
<td>$21.6</td>
<td>$21.6</td>
<td>$90.00</td>
<td>$43.2K</td>
<td>451</td>
<td style="text-align: right;">20</td>
</tr>
</tbody>
</table>

<h3>About Trade Desk</h3>
The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on different devices like computers, smartphones, and connected TVs. It utilizes data to optimize the performance of ad impressions purchased. The firm's platform is referred to as a demand-side platform in the digital ad industry. The firm generates its revenue from fees based on a percentage of what its clients spend on advertising.
After a thorough review of the options trading surrounding Trade Desk, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Trade Desk Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 3,241,277, with TTD's price down by -0.57%, positioned at $109.51.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 48 days.</li>
</ul>
<h3>What Analysts Are Saying About Trade Desk</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $119.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Loop Capital persists with their Buy rating on Trade Desk, maintaining a target price of $120. 
&#x2A; Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $115. 
&#x2A; In a cautious move, an analyst from B of A Securities downgraded its rating to Buy, setting a price target of $135. 
&#x2A; An analyst from Wedbush persists with their Outperform rating on Trade Desk, maintaining a target price of $115. 
&#x2A; Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $110.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Trade Desk, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Spotlight on Trade Desk: Analyzing the Surge in Options Activity

Financial giants have made a conspicuous bullish move on Carvana. Our analysis of options history for Carvana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) revealed 24 unusual trades.
Delving into the details, we found 62% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $609,015, and 12 were calls, valued at $2,048,631.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $250.0 for Carvana over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Carvana's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Carvana's whale activity within a strike price range from $70.0 to $250.0 in the last 30 days. 
<h3>Carvana 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726864336_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$26.9</td>
<td>$24.35</td>
<td>$26.67</td>
<td>$146.00</td>
<td>$1.3M</td>
<td>3.8K</td>
<td>3.0K</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$69.4</td>
<td>$68.05</td>
<td>$69.4</td>
<td>$105.00</td>
<td>$138.8K</td>
<td>20</td>
<td>0</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$2.24</td>
<td>$2.03</td>
<td>$2.04</td>
<td>$180.00</td>
<td>$102.5K</td>
<td>619</td>
<td>1.6K</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$72.5</td>
<td>$71.4</td>
<td>$72.5</td>
<td>$100.00</td>
<td>$94.2K</td>
<td>222</td>
<td>0</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/04/24</td>
<td>$20.2</td>
<td>$18.35</td>
<td>$19.14</td>
<td>$155.00</td>
<td>$78.4K</td>
<td>2.2K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h3>About Carvana</h3>
Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles.
<h3>Carvana's Current Market Status</h3>
<ul>
<li>With a volume of 5,365,127, the price of CVNA is up 1.65% at $173.56. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 41 days.</li>
</ul>
<h3>What Analysts Are Saying About Carvana</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $183.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from B of A Securities downgraded its rating to Buy, setting a price target of $185. 
&#x2A; An analyst from Evercore ISI Group has decided to maintain their In-Line rating on Carvana, which currently sits at a price target of $157. 
&#x2A; An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $200. 
&#x2A; An analyst from Stephens &amp; Co. downgraded its action to Overweight with a price target of $190. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Carvana options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

CVNA

Unpacking the Latest Options Trading Trends in Carvana

Quanta Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) has outperformed the market over the past 10 years by 11.95% on an annualized basis producing an average annual return of 23.16%. Currently, Quanta Services has a market capitalization of $42.86 billion. 
Buying $100 In PWR: If an investor had bought $100 of PWR stock 10 years ago, it would be worth $786.19 today based on a price of $290.89 for PWR at the time of writing.
<h3>Quanta Services's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726864218_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Quanta Services Stock In The Last 10 Years

Jim Cramer, the host of CNBC&#8217;s &#8220;Mad Money,&#8221; is known for his energetic and often controversial <a href="https://www.benzinga.com/markets/24/09/40905525/jim-cramer-says-he-likes-this-nancy-pelosi-portfolio-stock-very-much-and-this-ai-play-is-reasonably">takes on the stock market</a>. However, Cramer&#8217;s message on retirement planning is crystal clear and emphatic: &#8220;When it comes to managing your money, nothing is more important than retirement.&#8221;
Don't Miss:
<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg"> How does it compare to the average?</a></li>
</ul>
Cramer doesn&#8217;t hold back about financial education. &#8220;There&#8217;s a gaping hole in the American education system,&#8221; he says. Sure, high schools teach chemistry, geometry and even foreign languages. You might graduate college fluent in French and capable of discussing quantum physics. But as Cramer points out, &#8220;the one thing they almost never teach … financial literacy.&#8221; He&#8217;s not talking about economics but the everyday stuff: financial planning, <a href="https://www.benzinga.com/personal-finance/24/01/36696321/will-your-1-5-million-nest-egg-last-if-you-retire-early-at-62">retirement readiness</a> and investing.
Trending: Founder of Personal Capital and ex-CEO of PayPal<a href="https://www.benzinga.com/money/evergreen-money"> re-engineers traditional banking with this new high-yield account — start saving better today.</a>
Retirement planning might feel like something to tackle later, but Cramer wants you to pay attention. He says, "For those of you who are about to change the channel because the whole idea of saving for retirement puts you to sleep, hear me out … You need to know this stuff." He believes your future self will thank you for sorting out your retirement funds. Eventually, everyone will stop working – "Hopefully sooner rather than later," he quips, unless you're lucky enough to love your job.
Now, Cramer isn't here to sing the praises of the 401(k) as the be-all and end-all of financial planning. He knows it's a mixed bag. "Sometimes I think it's the wrong approach," he admits.&nbsp;
See Also: <a href="https://www.benzinga.com/money/charlie-munger-100k">Charlie Munger said if you want to be rich, &#8220;find a way to get your hands on $100,000&#8221; — here&#8217;s what he means.</a>
The Good
One of the best aspects of a 401(k) is its tax-deferred status. "You pay no taxes on what you put in and you never pay a penny of capital gains taxes on the profits you make within your 401(k)," Cramer says. This allows your investments to compound tax-free until withdrawals begin. Cramer calls compounding "the eighth wonder of the world." Investing $5,000 a year at age 30 could grow to over $511,000 by 60.
Another perk? Employer matching. "For every dollar you invest in your 401(k) plan, your employer might say, ‘Hey, we'll throw in 50 cents.'" Cramer urges you to use free money if your company offers it.
Trending: A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> you can become part of the next big real estate boom today.</a>
The Bad
But it's not all sunshine and rainbows. "401(k) plans can have many problems," Cramer warns. They can be riddled with hidden fees that eat away at returns. "I find that extortionate," he says. Some employers offer many choices while others limit you to just a few mutual funds.
The Ugly
Without employer matching, the 401(k) looks less attractive. In that case, Cramer suggests considering an IRA, which offers the same tax-deferred status and can be rolled over when changing jobs. "You can only contribute $6,500 a year to your IRA," he notes, rising to $7,500 if you're over 50. It's lower than the 401(k) limit but without some strings attached.
Trending: The number of ‘401(k)' Millionaires is up 43% from last year —<a href="https://www.benzinga.com/money/401k-millionaires"> Here are three ways to join the club.</a>
<h2 class="wp-block-heading">So, What Should You Do?</h2>
Cramer's advice? Be picky. "Before you contribute money to your 401(k), make sure it gives you the option to put your cash into something worth investing in." If you're stuck with a limited range of choices, opt for a low-cost index fund that mirrors the market.
Cramer's not saying to ditch the 401(k) altogether, but he's <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">urging you to be smart about it.</a> Take the free money if your employer offers it, avoid high fees and choose your investments wisely.&nbsp;
Read Next:
<ul>
<li>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.</li>
<li>During market downturns, investors are learning that unlike equities, these<a href="https://www.benzinga.com/money/connect-invest-real-estate-notes"> high-yield real estate notes that pay 7.5% &#8211; 9% are protected by resilient assets, buffering against losses.</a></li>
</ul>

Personal Finance

Jim Cramer Insists: 'When It Comes To Managing Your Money, Nothing Is More Important Than Retirement' – Even If The Topic 'Puts You To Sleep'

GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) has outperformed the market over the past 5 years by 63.2% on an annualized basis producing an average annual return of 77.15%. Currently, GameStop has a market capitalization of $9.28 billion. 
Buying $100 In GME: If an investor had bought $100 of GME stock 5 years ago, it would be worth $1,741.04 today based on a price of $21.75 for GME at the time of writing.
<h3>GameStop's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726864213_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 5 Years Ago Would Be Worth $1,700 Today

<h3>GAINERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/LBUY">Leafbuyer Techs</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LBUY#OTC">LBUY</a>) shares closed up 1491.67% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/BMMJ">Body and Mind</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMMJ#OTC">BMMJ</a>) shares closed up 42.26% at $0.03</li>
<li><a href="https://www.benzinga.com/quote/ELLXF">Elixinol Wellness</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ELLXF#OTC">ELLXF</a>) shares closed up 22.73% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/OILFF">Nextleaf Solutions</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/OILFF#OTC">OILFF</a>) shares closed up 18.97% at $0.07</li>
<li><a href="https://www.benzinga.com/quote/FUAPF">Global Compliance</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUAPF#OTC">FUAPF</a>) shares closed up 16.58% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/LMLLF">Pharmadrug</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LMLLF#OTC">LMLLF</a>) shares closed up 11.52% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/BBRRF">Blueberries Medical</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BBRRF#OTC">BBRRF</a>) shares closed up 4.00% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/NWVCF">EnWave</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NWVCF#OTC">NWVCF</a>) shares closed up 3.95% at $0.15</li>
<li><a href="https://www.benzinga.com/quote/OGI">OrganiGram Holdings</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OGI#NASDAQ">OGI</a>) shares closed up 3.26% at $1.80</li>
<li><a href="https://www.benzinga.com/quote/CNTMF">Cansortium</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNTMF#OTC">CNTMF</a>) shares closed up 3.05% at $0.17</li>
</ul>
<h3>LOSERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/CRBP">Corbus Pharmaceuticals</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRBP#NASDAQ">CRBP</a>) shares closed down 61.70% at $19.51</li>
<li><a href="https://www.benzinga.com/quote/CBDY">Target Group</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBDY#OTC">CBDY</a>) shares closed down 31.03% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/FFNTF">4Front Ventures</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FFNTF#OTC">FFNTF</a>) shares closed down 18.03% at $0.04</li>
<li><a href="https://www.benzinga.com/quote/ITHUF">iAnthus Capital Hldgs</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITHUF#OTC">ITHUF</a>) shares closed down 13.85% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/CURR">Currenc Group</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURR#NASDAQ">CURR</a>) shares closed down 10.27% at $2.95</li>
<li><a href="https://www.benzinga.com/quote/RMHB">Rocky Mountain High</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RMHB#OTC">RMHB</a>) shares closed down 10.00% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/VFF">Village Farms Intl</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFF#NASDAQ">VFF</a>) shares closed down 9.18% at $0.85</li>
<li><a href="https://www.benzinga.com/quote/CXXIF">C21 Investments</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CXXIF#OTC">CXXIF</a>) shares closed down 7.76% at $0.22</li>
<li><a href="https://www.benzinga.com/quote/UGRO">Urban-gro</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UGRO#NASDAQ">UGRO</a>) shares closed down 5.76% at $1.31</li>
<li><a href="https://www.benzinga.com/quote/BLGVF">Belgravia Hartford Cap</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BLGVF#OTC">BLGVF</a>) shares closed down 5.50% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/GRWG">GrowGeneration</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRWG#NASDAQ">GRWG</a>) shares closed down 5.12% at $2.04</li>
<li><a href="https://www.benzinga.com/quote/EAST">Eastside Distilling</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EAST#NASDAQ">EAST</a>) shares closed down 4.94% at $0.51</li>
<li><a href="https://www.benzinga.com/quote/SNDL">SNDL</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDL#NASDAQ">SNDL</a>) shares closed down 4.76% at $1.99</li>
<li><a href="https://www.benzinga.com/quote/MRMD">MariMed</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MRMD#OTC">MRMD</a>) shares closed down 4.59% at $0.16</li>
<li><a href="https://www.benzinga.com/quote/CPHRF">Cipher Pharmaceuticals</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CPHRF#OTC">CPHRF</a>) shares closed down 3.53% at $10.67</li>
<li><a href="https://www.benzinga.com/quote/TLRY">Tilray Brands</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) shares closed down 3.38% at $1.72</li>
<li><a href="https://www.benzinga.com/quote/YCBD">cbdMD</a> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/YCBD#AMEX">YCBD</a>) shares closed down 3.33% at $0.47</li>
<li><a href="https://www.benzinga.com/quote/XXII">22nd Century Group</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) shares closed down 3.15% at $0.26</li>
<li><a href="https://www.benzinga.com/quote/TCNNF">Trulieve Cannabis</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>) shares closed down 3.02% at $11.04</li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cannabis

BBRRF

BLGVF

BMMJ

CBDY

CNTMF

CPHRF

CRBP

CURE PHARMA HLDG CORP by CURE Pharmaceutical Holding Corp.

CURR

CXXIF

EAST

ELLXF

FFNTF

FUAPF

GRWG

ITHUF

LEAFBUYER TECHNOLOGIES by Leafbuyer Technologies, Inc.

LBUY

LMLLF

MRMD

NWVCF

OILFF

RMHB

SNDL

TCNNF

TLRY

UGRO

XXII

YCBD

Cannabis Stock Movers For September 20, 2024

<a href="https://x.com/MattNachtrab/status/1837188432335888683" title="https://x.com/MattNachtrab/status/1837188432335888683">https://x.com/MattNachtrab/status/1837188432335888683</a>

SAVA

UPDATE: Matt Nachtrab Responds To Adam Feuerstein Tweet 'Classic misinformation or FUD spread by the court jester for the short sellers of $sava.  He is the king of manipulation of biotech stocks to benefit short sellers.  Maybe I am disrupting their plans?'

Stock Split

SoFi Approved 1 For 5 Reverse Stock Split For SoFi Select 500 ETF

Financial giants have made a conspicuous bearish move on Moderna. Our analysis of options history for Moderna (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) revealed 22 unusual trades.
Delving into the details, we found 31% of traders were bullish, while 54% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $4,197,475, and 9 were calls, valued at $516,749.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $120.0 for Moderna over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Moderna's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Moderna's whale trades within a strike price range from $50.0 to $120.0 in the last 30 days. 
<h3>Moderna Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726863434_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MRNA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$55.0</td>
<td>$54.25</td>
<td>$54.5</td>
<td>$120.00</td>
<td>$1.3M</td>
<td style="text-align: right;">46</td>
<td style="text-align: right;">752</td>
</tr>
<tr>
<td>MRNA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$55.0</td>
<td>$54.75</td>
<td>$55.0</td>
<td>$120.00</td>
<td>$1.0M</td>
<td style="text-align: right;">46</td>
<td style="text-align: right;">952</td>
</tr>
<tr>
<td>MRNA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$54.15</td>
<td>$54.1</td>
<td>$54.15</td>
<td>$120.00</td>
<td>$552.3K</td>
<td style="text-align: right;">46</td>
<td style="text-align: right;">102</td>
</tr>
<tr>
<td>MRNA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$54.05</td>
<td>$54.0</td>
<td>$54.05</td>
<td>$120.00</td>
<td>$502.6K</td>
<td style="text-align: right;">46</td>
<td style="text-align: right;">272</td>
</tr>
<tr>
<td>MRNA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$19.05</td>
<td>$16.6</td>
<td>$18.45</td>
<td>$65.00</td>
<td>$276.7K</td>
<td style="text-align: right;">104</td>
<td style="text-align: right;">150</td>
</tr>
</tbody>
</table>

<h3>About Moderna</h3>
Moderna is a commercial-stage biotech that was founded in 2010 and had its initial public offering in December 2018. The firm's mRNA technology was rapidly validated with its covid vaccine, which was authorized in the United States in December 2020. Moderna had 40 mRNA development candidates in clinical development as of September 2024. Programs span a wide range of therapeutic areas, including infectious disease, oncology, cardiovascular disease, and rare genetic diseases.
Having examined the options trading patterns of Moderna, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Moderna</h3>
<ul>
<li>Trading volume stands at 12,030,554, with MRNA's price down by -3.43%, positioned at $65.69.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 41 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Moderna options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

MRNA

Moderna Unusual Options Activity For September 20

Financial giants have made a conspicuous bullish move on XPeng. Our analysis of options history for XPeng (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) revealed 8 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $101,800, and 5 were calls, valued at $879,208.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $6.0 to $10.0 for XPeng during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for XPeng's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of XPeng's whale activity within a strike price range from $6.0 to $10.0 in the last 30 days. 
<h3>XPeng Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726863429_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$1.82</td>
<td>$1.75</td>
<td>$1.82</td>
<td>$10.00</td>
<td>$387.1K</td>
<td>465</td>
<td>2.1K</td>
</tr>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$1.88</td>
<td>$1.85</td>
<td>$1.88</td>
<td>$10.00</td>
<td>$363.5K</td>
<td>465</td>
<td>4.0K</td>
</tr>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.85</td>
<td>$3.8</td>
<td>$3.8</td>
<td>$6.00</td>
<td>$53.1K</td>
<td>1.3K</td>
<td>143</td>
</tr>
<tr>
<td>XPEV</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$0.15</td>
<td>$0.13</td>
<td>$0.13</td>
<td>$8.50</td>
<td>$39.0K</td>
<td>277</td>
<td>3.1K</td>
</tr>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$1.91</td>
<td>$1.89</td>
<td>$1.89</td>
<td>$10.00</td>
<td>$37.8K</td>
<td>465</td>
<td>4.5K</td>
</tr>
</tbody>
</table>

<h3>About XPeng</h3>
Founded in 2015, XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets EVs in China. Its products primarily target the growing base of technology-savvy middle-class consumers in the midrange to high-end segment in China's passenger vehicle market. The company sold over 141,000 EVs in 2023, accounting for about 2% of China's passenger new energy vehicle market. It is also a leader in autonomous driving technology.
Following our analysis of the options activities associated with XPeng, we pivot to a closer look at the company's own performance.
<h3>Where Is XPeng Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 12,013,899, the XPEV's price is up by 2.13%, now at $9.59. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 54 days.</li>
</ul>
<h3>Expert Opinions on XPeng</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $11.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Showing optimism, an analyst from JP Morgan upgrades its rating to Overweight with a revised price target of $11. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for XPeng with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

XPEV

XPeng's Options Frenzy: What You Need to Know

Investors with a lot of money to spend have taken a bullish stance on Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with WDAY, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 13 uncommon options trades for Workday.
This isn't normal.
The overall sentiment of these big-money traders is split between 76% bullish and 7%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $112,330, and 10 are calls, for a total amount of $1,420,928.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $240.0 to $250.0 for Workday over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Workday stands at 683.5, with a total volume reaching 5,349.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Workday, situated within the strike price corridor from $240.0 to $250.0, throughout the last 30 days.
<h3>Workday Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726863424_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$15.9</td>
<td>$15.6</td>
<td>$15.73</td>
<td>$250.00</td>
<td>$225.6K</td>
<td style="text-align: right;">753</td>
<td style="text-align: right;">673</td>
</tr>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$15.8</td>
<td>$15.7</td>
<td>$15.87</td>
<td>$250.00</td>
<td>$223.3K</td>
<td style="text-align: right;">753</td>
<td style="text-align: right;">882</td>
</tr>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$16.1</td>
<td>$15.6</td>
<td>$15.85</td>
<td>$250.00</td>
<td>$205.0K</td>
<td style="text-align: right;">753</td>
<td style="text-align: right;">222</td>
</tr>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$15.9</td>
<td>$15.7</td>
<td>$15.87</td>
<td>$250.00</td>
<td>$158.4K</td>
<td style="text-align: right;">753</td>
<td style="text-align: right;">511</td>
</tr>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$15.9</td>
<td>$15.8</td>
<td>$15.86</td>
<td>$250.00</td>
<td>$156.8K</td>
<td style="text-align: right;">753</td>
<td style="text-align: right;">386</td>
</tr>
</tbody>
</table>

<h3>About Workday</h3>
Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday is headquartered in Pleasanton, California. Founded in 2005, Workday now employs over 18,000 employees.
Having examined the options trading patterns of Workday, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Workday</h3>
<ul>
<li>Currently trading with a volume of 3,612,779, the WDAY's price is up by 0.35%, now at $248.29. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 67 days.</li>
</ul>
<h3>What The Experts Say On Workday</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $297.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Goldman Sachs has decided to maintain their Buy rating on Workday, which currently sits at a price target of $305. 
&#x2A; Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Workday, targeting a price of $305. 
&#x2A; Maintaining their stance, an analyst from Deutsche Bank continues to hold a Hold rating for Workday, targeting a price of $275. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on Workday, which currently sits at a price target of $300. 
&#x2A; Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Workday, targeting a price of $300. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Workday with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

WDAY

Workday's Options: A Look at What the Big Money is Thinking

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

Maxeon Receives Nasdaq Delisting Notification

The Federal Reserve&#8217;s decision cut interest rates by 0.5% on Wednesday <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40943496/fed-rate-cut-eases-debt-refinancing-for-smaller-cloud-computing-firms-analyst-flags">may pull investors</a> away from money market funds and into longer duration bonds, according to a portfolio manager.
Total money market fund assets&nbsp;decreased by $20.02 billion to $6.30 trillion for a week ending on Wednesday, Sept. 18, the Investment Company Institute said. Among taxable money market funds, government funds&nbsp;decreased by $18.82 billion and prime funds decreased by $2.42 billion.&nbsp;
&#8220;Historically, we&#8217;ve seen more assets move into longer duration bonds when yields have fallen, and I think we&#8217;ve already seen some of that happen this year,&#8221; said Timothy Ng, a fixed-income portfolio manager with Capital Group.
&#8220;I expect this trend to continue as the Fed continues to cut rates,&#8221; he said.
Read Also: <a href="https://www.benzinga.com/real-estate/reit/24/09/40949753/mortgage-rates-near-6-demand-increases-for-refinancing-purchases">Mortgage Rates Near 6%, Demand Increases For Refinancing, Purchases</a>
&#8220;I think some of that flow will go into both equities and bonds, but in terms of relative scale, it will likely depend on the outlook for the economy, valuations and market sentiment between the two asset classes.&#8221;
A lot of assets moved into the money markets in recent years because money market yields were very attractive, but that may no longer be the case as the Fed plans to make further rate cuts this year, he said.
&#8220;Now you&#8217;re not getting as much yield waiting around, and you run the risk of missing out on capital appreciation that comes with having more duration in your portfolio as yields fall,&#8221; he said.
Price Action: Exchange-traded funds that hold money market funds gained slightly into Friday&#8217;s late-afternoon trading.
<ul id="mntl-sc-block_7-0">
<li>iShares Short Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHV#NASDAQ">SHV</a>) gained 0.05%</li>
<li>BlackRock Short Maturity Bond ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/NEAR#BATS">NEAR</a>) rose 0.06%</li>
<li>SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIL#NYSE">BIL</a>) went up 0.044%</li>
<li>Invesco&nbsp;Ultra Short Duration ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSY#NYSE">GSY</a>) picked up 0.07%</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40950904/claudia-sahm-underscores-feds-mandate-to-protect-jobs-says-additional-cuts-expected-the-time-to-supp">Claudia Sahm Underscores Fed&#8217;s Mandate to Protect Jobs, Says Additional Cuts Expected: &#8216;The Time To Support The Labor Market Is When It&#8217;s Strong&#8217;</a></li>
</ul>
Photo: Shutterstock

Economics

Federal Reserve

ETFs

NEAR

Fed Rate Cut May Drive Investors Away From Money Markets, Says Portfolio Manager

iBio (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IBIO#AMEX">IBIO</a>) reported quarterly losses of $(6.50) per share which beat the analyst consensus estimate of $(7.41) by 12.28 percent. The company reported quarterly sales of $225.000 thousand which beat the analyst consensus estimate of $25.000 thousand by 800.00 percent.

Earnings Beats

IBIO

iBio FY 2024 GAAP EPS $(6.50) Beats $(7.41) Estimate, Sales $225.000K Beat $25.000K Estimate

Financial giants have made a conspicuous bearish move on CrowdStrike Holdings. Our analysis of options history for CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) revealed 44 unusual trades.
Delving into the details, we found 38% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $485,505, and 32 were calls, valued at $1,672,938.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $160.0 and $350.0 for CrowdStrike Holdings, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of CrowdStrike Holdings stands at 1009.16, with a total volume reaching 14,198.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in CrowdStrike Holdings, situated within the strike price corridor from $160.0 to $350.0, throughout the last 30 days.
<h3>CrowdStrike Holdings Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726862890_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CRWD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$5.65</td>
<td>$5.6</td>
<td>$5.6</td>
<td>$310.00</td>
<td>$138.3K</td>
<td>2.9K</td>
<td style="text-align: right;">775</td>
</tr>
<tr>
<td>CRWD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$29.65</td>
<td>$29.25</td>
<td>$29.45</td>
<td>$265.00</td>
<td>$115.0K</td>
<td>512</td>
<td style="text-align: right;">447</td>
</tr>
<tr>
<td>CRWD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$29.65</td>
<td>$29.25</td>
<td>$29.46</td>
<td>$265.00</td>
<td>$94.5K</td>
<td>512</td>
<td style="text-align: right;">447</td>
</tr>
<tr>
<td>CRWD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$19.1</td>
<td>$18.85</td>
<td>$18.85</td>
<td>$270.00</td>
<td>$94.2K</td>
<td>2.5K</td>
<td style="text-align: right;">301</td>
</tr>
<tr>
<td>CRWD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$29.65</td>
<td>$28.95</td>
<td>$29.37</td>
<td>$265.00</td>
<td>$85.2K</td>
<td>512</td>
<td style="text-align: right;">447</td>
</tr>
</tbody>
</table>

<h3>About CrowdStrike Holdings</h3>
CrowdStrike is a cloud-based cybersecurity company specializing in next-generation security verticals such as endpoint, cloud workload, identity, and security operations. CrowdStrike's primary offering is its Falcon platform that offers a proverbial single pane of glass for an enterprise to detect and respond to security threats attacking its IT infrastructure. The Texas-based firm was founded in 2011 and went public in 2019.
Following our analysis of the options activities associated with CrowdStrike Holdings, we pivot to a closer look at the company's own performance.
<h3>CrowdStrike Holdings's Current Market Status</h3>
<ul>
<li>Trading volume stands at 9,545,342, with CRWD's price up by 8.03%, positioned at $299.64.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 67 days.</li>
</ul>
<h3>Expert Opinions on CrowdStrike Holdings</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $322.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Raymond James has decided to maintain their Outperform rating on CrowdStrike Holdings, which currently sits at a price target of $275. 
&#x2A; An analyst from Rosenblatt persists with their Buy rating on CrowdStrike Holdings, maintaining a target price of $330. 
&#x2A; An analyst from Cantor Fitzgerald has decided to maintain their Overweight rating on CrowdStrike Holdings, which currently sits at a price target of $350. 
&#x2A; An analyst from Bernstein has decided to maintain their Outperform rating on CrowdStrike Holdings, which currently sits at a price target of $327. 
&#x2A; Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Buy rating for CrowdStrike Holdings, targeting a price of $330. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest CrowdStrike Holdings options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

CRWD

Check Out What Whales Are Doing With CRWD

Nike, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) is the latest company to take part in what has become a trend among big companies: bringing back an executive to assume <a href="https://www.benzinga.com/news/24/09/40954074/why-nike-shares-are-trading-higher-by-around-7-here-are-20-stocks-moving-premarket">the role of CEO</a>.
The sneaker giant <a href="https://www.benzinga.com/news/24/09/40957353/nikes-new-ceo-elliott-hill-to-focus-on-repairing-retailer-relations">announced on Thursday</a> the appointment of Elliott Hill, the company&#8217;s former president of consumer and marketplace who has been with Nike for three decades, as its new CEO to replace retiring CEO John Donahoe.
Nike is not alone in having an executive — the company&#8217;s former CEO, in many cases — return to the company to fill its top leadership post in a &#8220;Boomerang CEO&#8221; trend.
Read Also: <a href="https://www.benzinga.com/news/24/04/38209892/nike-stock-jumps-on-upgrade-to-buy-as-analyst-says-its-time-to-just-do-it">Nike Stock Jumps On Upgrade To Buy As Analyst Says It&#8217;s &#8216;Time To Just Do It&#8217;</a>
<ul>
<li>Bob Iger: Almost two years ago, Iger returned to The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) <a href="https://www.benzinga.com/general/entertainment/22/11/29798775/bob-iger-returns-as-disney-ceo-after-reports-of-growing-rift-with-bob-chapek">as its CEO</a> to replace CEO Bob Chapek. Iger previously served in that top role from 2005 to 2020. Last July, the company&#8217;s board voted unanimously to extend his CEO contract to <a href="https://www.benzinga.com/news/23/07/33207650/disneys-board-votes-for-continuity-extends-ceo-igers-contract-to-2026">the end of 2026</a>.</li>
</ul>
<ul>
<li>Howard Schulz: In April 2022, Schulz returned to <a href="https://www.benzinga.com/news/22/03/26163125/starbucks-ceo-kevin-johnson-announces-retirement-founder-howard-schultz-to-return-in-interim-role">the CEO post</a> at Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) for the third time in an interim capacity to fill in for retiring CEO Kevin Johnson. Schulz founded the company and served as CEO first from 1986 to 2000 and again from 2008 to 2017. He stepped down as interim CEO in August to <a href="https://www.benzinga.com/top-stories/24/08/40396716/starbucks-new-ceo-brian-niccol-boosts-company-valuation-by-over-15b-in-one-day-whats-his-net-worth">hand over the reins</a> to Brian Niccol, former CEO of Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>).</li>
</ul>
<ul>
<li>Kevin Plank: At the end of April, Plank<a href="https://www.benzinga.com/markets/equities/24/03/37690723/kevin-plank-returns-as-ceo-under-armours-original-visionary-takes-charge-again"> returned as CEO</a> of Under Armour, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>) to replace Stephanie Linnartz. He previously served as CEO of the apparel company from 1996, the year he founded it, to 2020.</li>
</ul>
<ul>
<li>Sam Altman: In November 2023, Altman <a href="https://www.benzinga.com/news/23/11/35911061/sam-altman-to-return-as-openai-ceo-as-new-board-collaborating-to-figure-out-details">returned as the CEO</a> of OpenAI just four days after he was ousted from the position. He was reinstated as CEO on Nov. 22, two days after employees demanded that Altman be given back his CEO job.</li>
</ul>
<ul>
<li>Sergio Ermotti: In April 2023, Ermotti returned <a href="https://www.benzinga.com/news/large-cap/23/03/31546168/ubs-rehires-former-ceo-to-oversee-credit-suisse-takeover">as the CEO</a> of UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) to oversee its takeover of Credit Suisse. Ermotti, who assumed the position after CEO Ralph Hamers stepped down, was previously UBS&#8217; CEO from November 2011 to November 2020</li>
</ul>
Price Action: These companies with returning CEOs saw gains and losses into Friday&#8217;s early-afternoon trading.
<ul>
<li>Nike rose 6.41% to $86.17</li>
<li>Walt Disney gained 0.11% to $93.55</li>
<li>Starbucks dropped 0.64% to $96.28</li>
<li>Under Armour edged up 0.87% to $7.55</li>
<li>UBS slipped 1.43% to $29.97</li>
</ul>
Read Now:
<ul>
<li><a href="http://Bob Iger's Success At Disney: New Document Reveals CEO's Biggest Wins According To The Man Himself">Bob Iger&#8217;s Success At Disney: New Document Reveals CEO&#8217;s Biggest Wins According To The Man Himself</a></li>
</ul>
Image: Pixabay
<a href="https://www.benzinga.com/quote/dis" target="_blank" rel="noreferrer noopener"></a>

Entertainment

Success Stories

Tech

SBUX

Nike Executive's Return To Become Top Leader Continues 'Boomerang CEO' Trend At Major Companies

East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) has been analyzed by 11 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for East West Bancorp, revealing an average target of $94.91, a high estimate of $105.00, and a low estimate of $80.00. This upward trend is evident, with the current average reflecting a 6.26% increase from the previous average price target of $89.32.
<img src="https://www.benzinga.com/files/images/story/2024/1726862597_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The standing of East West Bancorp among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brandon King</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$93.00</td>
<td>$96.00</td>
</tr>
<tr>
<td>Manan Gosalia</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$103.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Brandon King</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$96.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Andrew Terrell</td>
<td>Stephens &amp; Co.</td>
<td>Raises</td>
<td>Overweight</td>
<td>$95.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>David Chiaverini</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$100.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Timur Braziler</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$95.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Matthew Clark</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$92.00</td>
<td>$72.50</td>
</tr>
<tr>
<td>Gary Tenner</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$100.00</td>
<td>$92.00</td>
</tr>
<tr>
<td>Brandon King</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$80.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Elan Zanger</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$85.00</td>
<td>$94.00</td>
</tr>
<tr>
<td>Jared Shaw</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$105.00</td>
<td>$106.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to East West Bancorp. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of East West Bancorp compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of East West Bancorp's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into East West Bancorp's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/EWBC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on East West Bancorp analyst ratings.</a>
<h2>Unveiling the Story Behind East West Bancorp</h2>
East West Bancorp Inc is the holding company for East West Bank, a full-service commercial bank with cross-border operations concentrated in the United States and China. East-West Bank is one of a few U.S. based banks with a full banking license in China. The bank's cost strategy has increasingly focused on expanding its deposit base away from time deposits to commercial deposits. The bank has also taken part in entertainment partnerships between participants in China and Hollywood. Most of these efforts include financing the production and distribution of film and television projects. The bank leverages its cultural and regulatory knowledge in the U.S. and China to assist its customers in entering new markets. Most of its earning assets are in loans held for investment.
<h3>East West Bancorp: Delving into Financials</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Challenges: East West Bancorp's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -1.41%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: East West Bancorp's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 46.05%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): East West Bancorp's ROE stands out, surpassing industry averages. With an impressive ROE of 4.05%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): East West Bancorp's ROA excels beyond industry benchmarks, reaching 0.4%. This signifies efficient management of assets and strong financial health.
Debt Management: East West Bancorp's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.5.
<h2>Analyst Ratings: Simplified</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

EWBC

Navigating 11 Analyst Ratings For East West Bancorp

The Federal Reserve cut interest rates by 50 basis points at its September meeting, lowering the target range to 4.75%-5%. This bold move defied the predictions of most economists who had anticipated a more <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40927293/powell-defends-0-5-interest-rate-drop-as-right-thing-for-the-economy-doubles-down">modest 25-basis-point reduction.</a>
The Fed also hinted at the potential for additional cuts in the coming months, with the updated dot plot revealing a more aggressive rate-cutting trajectory than forecasted in June.
Fed Chair Jerome Powell highlighted the labor market as a key focus, stressing the importance of acting preemptively <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40929003/powells-hawkish-tone-tempers-market-excitement-after-historic-50-basis-point-intere">to sustain robust employment</a>. &#8220;The time to support the labor market is when it's strong, not when you begin to see layoffs,&#8221; Powell said.
Powell also called for caution, framing the rate cut as part of a &#8220;recalibration&#8221; rather than a signal of a broader policy shift. He reiterated that future decisions would remain data-dependent, underscoring the Fed's flexibility in responding to economic conditions.
Wall Street analysts reacted by adjusting their rate cut forecasts more aggressively, reflecting expectations of a looser policy trajectory ahead.
Both gold prices and major U.S. stock indices, including the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40941053/s-p-500-dow-jones-hit-record-highs-magnificent-7-add-400-billion-after-feds-histori">S&amp;P 500 and Dow Jones</a>, surged to record highs following the Fed&#8217;s decision.
<h3 class="wp-block-heading">Fed Fuels Growth</h3>
In an exclusive interview with Benzinga, a Lazard small-cap expert highlights the Federal Reserve&#8217;s shift to a pro-growth stance, which is expected to boost Russell 2000's performance. This policy pivot could create favorable conditions for investors in smaller companies, which trade relatively cheaper compared <a href="https://www.benzinga.com/real-estate/reit/24/09/40949753/mortgage-rates-near-6-demand-increases-for-refinancing-purchases">to large-cap counterparts.</a>
<h3 class="wp-block-heading">Mortgage Demand Rises</h3>
Mortgage rates fell to near 6%, spurring a surge in demand for both refinancing and home purchases. As homeowners and buyers capitalize on these lower rates, market activity in the real estate sector is picking up momentum, with increased interest in locking <a href="https://www.benzinga.com/real-estate/reit/24/09/40949753/mortgage-rates-near-6-demand-increases-for-refinancing-purchases">in favorable mortgage terms.</a>
<h3 class="wp-block-heading">iPhone Demand Lags</h3>
Early pre-order data for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&#8217;s iPhone 16 suggests weaker-than-expected demand, raising concerns about the device&#8217;s market performance. Ssome analysts believe Apple could still exceed expectations with potential surprises <a href="https://www.benzinga.com/tech/24/09/40930388/apple-iphone-16-pre-orders-show-possible-low-demand-one-sign-could-point-to-company-breaking-this-em">in upcoming earnings reports.</a>
<h3 class="wp-block-heading">GM Expands Charging</h3>
General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) has enhanced electric vehicle charging access, opening 17,800 Tesla chargers to all GM drivers via an adapter. This move broadens charging options for GM&#8217;s EV customers, potentially boosting EV adoption and aligning with <a href="https://benzinga.com/markets/equities/24/09/40923696/general-motors-boosts-ev-charging-access-17-800-tesla-chargers-now-open-for-all-gm-drivers-with-">the company&#8217;s electrification goals.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40960886/palantir-dell-to-join-s-p-500-friday-heres-how-tesla-stock-has-performed-since-its-add">Palantir, Dell To Join S&amp;P 500 Friday: Here&#8217;s How Tesla Stock Has Performed Since Its Addition In 2020</a></li>
</ul>

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The market's fascination with tech stocks reflects anticipation that these companies will drive the next phase of economic growth, and with that in mind, under $20 tech stocks with significant upside potential, Full Truck Alliance (YMM), CCC Intelligent Solutions (CCCS), and Sprinklr (CXM), that one might scoop up. Keep reading… With the world transforming into a digital world, the tech sector is again in the spotlight. Investors are particularly drawn to tech stocks due to their boosting return and revenue models, like subscriptions and Software-as-a-Service (SaaS), which provide predictable potential earnings in the future.
Given this landscape, it could be wise for investors to keep an eye on quality tech stocks Full Truck Alliance Co. Ltd. (<a href="https://stocknews.com/stock/YMM/">YMM</a>), CCC Intelligent Solutions Holdings Inc. (<a href="https://stocknews.com/stock/CCCS/">CCCS</a>), and Sprinklr, Inc. (<a href="https://stocknews.com/stock/CXM/">CXM</a>), which are trading under $20 and have high growth potential due to their disruptive technologies and unique business models. Moreover, these stocks have more than 30% upside potential.
From Artificial Intelligence (AI) and cloud computing to cybersecurity and digital payments, tech companies are leading the charge in redefining industries and consumer behaviors. Gartner's research further supports this optimism, predicting a 7.5% year-over-year increase in global IT spending in 2024, <a href="https://www.gartner.com/en/newsroom/press-releases/2024-07-16-gartner-forecasts-worldwide-it-spending-to-grow-7-point-5-percent-in-2024">expected to be valued at $5.26 trillion</a>.
According to a <a href="https://www.pwc.com/gx/en/issues/data-and-analytics/publications/artificial-intelligence-study.html">PwC report</a>, AI will have a significant impact in the coming years, contributing up to $15.70 trillion to the global economy by 2030. This, in turn, has led to strong earnings reports and optimistic outlooks from many tech companies, fueling investor confidence.
Let's now look at the featured stocks in detail:
Full Truck Alliance Co. Ltd. (<a href="https://stocknews.com/stock/YMM/">YMM</a>)
Headquartered in Guiyang, China, YMM is a freight dispatch platform mainly engaged in developing cloud computing, big data, mobile internet, and artificial intelligence technology. It also provides technology development and other services.
In terms of forward non-GAAP P/E, YMM is trading at 14.31x, 24.2% lower than the industry average of 18.89x. Likewise, the stock's forward EV/EBIT and Price/Cash flow multiples of 13.84 and 10.56 are 11.9% and 27.6% lower than their respective industry averages of 15.71 and 14.58.
In the second quarter that ended on June 30, 2024, YMM reported net revenue of RMB2.76 billion ($380.38 million). The company's result from adjusted <a href="https://www.investopedia.com/terms/i/ifo.asp">income from operations</a> came in at RMB698.97 million ($96.18 million), indicating a growth of 55.1% year-over-year. In addition, its adjusted net income amounted to RMB970.86 million ($133.59 million) and RMB0.05 per share, reflecting increases of 34.3% and 66.7% year-over-year, respectively.
For the third quarter of 2024, YMM expects total net revenues to be between RMB2.76 billion and RMB2.82 billion, representing a year-over-year growth of approximately 21.9% to 24.6%.
Analysts expect YMM's revenue for the third quarter (ending September 2024) to increase 23.1% year-over-year to $388.17 million, while its EPS for the same period is expected to grow 33.5% from the prior year to $0.15. Moreover, it topped the street revenue and EPS estimates in each of the trailing four quarters, which is excellent.
Over the past six months, the stock has surged 8.9%, closing the last trading session at $7.10.
Out of five analysts that rated YMM, four rated it Buy, while one rated it Hold. The 12-month median price target of $11.02 indicates <a href="https://www.tipranks.com/stocks/ymm/forecast">a 55.2% upside potential</a> from the last closing price. The price targets range from a low of $9 to a high of $12.
YMM's stance is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has a B grade for Growth and Momentum. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
Among the 125 stocks in the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry, it is ranked #72. <a href="https://stocknews.com/stock/YMM/">Click here</a> to see the additional YMM ratings (Value, Stability, Sentiment, and Quality).
CCC Intelligent Solutions Holdings Inc. (<a href="https://stocknews.com/stock/CCCS/">CCCS</a>)
CCCS provides software as a service (SaaS) platform for the property and casualty (P&amp;C) insurance economy.  The company's cloud-based software serves as a service platform connecting trading partners, facilitating commerce, and enabling digital workflow across the platform through artificial intelligence.
On September 4, CCCS launched CCC&#xAE; Payroll, a new solution designed to streamline payroll management for collision repair shops. This new solution will enable shops to track production and labor within a single system, the CCC ONE&#xAE; Platform, simplifying the process and enhancing transparency.
On July 30, the company launched CCC&#xAE; Intelligent Reinspection, a new solution designed to help auto insurers streamline the review of incoming repair facility estimates, expediting repairer workflows and claims resolutions. This new solution will use AI-powered analysis and audit capabilities to assess incoming shop estimates based on insurer-provided rules.
In terms of forward Price/Book, CCCS is trading at 3.33x, 17.2% lower than the industry average of 4.02x.
CCCS' revenues for the second quarter (ended June 30, 2024) increased 9.9% year-over-year to $232.62 million. It reported an adjusted gross profit of $182.08 million, indicating a 12.4% growth from the prior year quarter with an adjusted gross profit margin of 78% (up 100 bps year-over-year).
The company's adjusted net income came in at $56.19 million and $0.09 per share, up 17.4% and 12.5% year-over-year, respectively. Also, its adjusted EBITDA increased 18.4% year-over-year, amounting to $95.79 million.
As per the business outlook for the fiscal year 2024, CCCS forecasts revenue to be between $941 million and $945 million. The company also expects adjusted EBITDA to range from $391 million to $395 million.
The consensus revenue estimate of $237.36 million for the fiscal third quarter (ending September 2024) represents a 7.3% increase year-over-year. The consensus EPS estimate of $0.09 for the same quarter indicates marginal improvement year-over-year. The company has an impressive surprise history; it surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
The stock has gained marginally over the past month to close the last trading session at $10.43.
Based on 10 Wall Street analysts offering 12-month price targets for CCCS in the last three months, <a href="https://www.tipranks.com/stocks/cccs/forecast">the average target price is $13.89</a>, indicating a 33.2% upside from the last price, with a high forecast of $15 and a low forecast of $13.
CCCS' POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
CCCS' has a B grade for Growth, Stability, and Sentiment. It is ranked #3 out of 18 stocks in the A-rated <a href="https://stocknews.com/category/software-saas/">Software - SAAS</a> industry. <a href="https://stocknews.com/stock/CCCS/">Click here</a> to see the other ratings of CCCS for Value, Momentum, and Quality.
Sprinklr, Inc. (<a href="https://stocknews.com/stock/CXM/">CXM</a>)
CXM provides enterprise cloud software products worldwide. The company operates the Unified Customer Experience Management platform, an AI-powered platform where its software enables customer-facing teams to collaborate across internal silos, communicate across digital channels, and leverage a complete suite of capabilities to deliver customer experiences.
On June 27, CXM expands its partnership with Snapchat to help brands manage all organic and paid Snapchat content in one unified platform. Brands will be able to post Snapchat Stories, publish Spotlight Content, and promote this organic content with ads all in Sprinklr, saving time and reducing costs while engaging a powerful audience.
In the same month, CXM and Reddit, Inc. announced their agreement to expand its strategic partnership. This partnership spans both Reddit's Data and Advertising APIs, with CXM openly as their first official partner.
In terms of forward EV/Sales, CXM is trading at 1.88x, which is 31.7% lower than the industry average of 2.75x. The stock's forward Price/Sales ratio of 2.41x is 11.9% below the industry average of 2.73x. Also, its forward EV/EBITDA multiple of 13.26 compares to the industry average of 13.77x.
For the second quarter of 2025, which ended on July 31, CXM's revenues increased 10.5% year-over-year to $197.21 million. Its non-GAAP gross profit came in at $143.61 million, up 5.8% year-over-year. The company's free cash flow increased 89.4% year-over-year, amounting to $16.53 million. Its non-GAAP net income for the quarter stood at $42.44 million or $0.15 per share.
For the full fiscal year, the company expects its subscription revenue to range between $710.50 million and $712.50 million. It also expects total revenue between $785 million and $787 million and non-GAAP operating income to range from $80.5 million to $81.5 million. Additionally, CXM expects its non-GAAP net income per share to fall between $0.32 and $0.33.
Street expects CXM's revenue for the third quarter (ending October 2024) to increase 5.5% year-over-year to $196.49 million. However, the consensus EPS estimate of $0.08 for the same period indicates a 27.3% year-over-year decline.
CXM shares have declined 1.5% intraday to close the last trading session at $7.36.
Based on 12 Wall Street analysts offering 12-month price targets for CXM in the last three months, <a href="https://www.tipranks.com/stocks/cxm/forecast">the average target price is $10.30</a>, indicating a 40% potential upside from the last price, with a high forecast of $17 and a low forecast of $8.
CXM's mixed fundamentals are reflected in its POWR Ratings. The stock has a B grade for Value and Quality. It is ranked #60 out of 125 stocks in the Software - Application industry.
Beyond what is stated above, we've also rated CXM for Growth, Momentum, Stability, and Sentiment. Get all CXM's ratings <a href="https://stocknews.com/stock/CXM/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
YMM shares were trading at $7.35 per share on Wednesday afternoon, up $0.25 (+3.52%). Year-to-date, YMM has gained 6.64%, versus a 16.12% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Dutta</h2> <img src='https:/wp-content/uploads/2021/08/Anushka-Dutta_Headshot_3.jpg' style="float:left; padding:5px;width:125px;">Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets motivated her to pursue a career in investment research.<a href="https://stocknews.com/authors/?author=anushka-dutta">More...</a>The post <a href=https://stocknews.com/news/ymm-cccs-cxm-3-tech-stocks-under-20-with-big-upside/>3 Tech Stocks Under $20 With Big Upside</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks Under $20 With Big Upside

Software-as-a-service (SaaS) industry is thriving owing to its versatility, cost-effectiveness, ease of access, and increased investments. Hence, investors could add Smartsheet (SMAR), CCC Intelligent Solutions (CCCS), and DocuSign (DOCU) to their portfolios, as these stocks show great growth potential. Read on… Software-as-a-service or SaaS leads in cloud computing for its versatility, scalability, cost-effectiveness, seamless integration, global accessibility, and customer support. Modern enterprises rely on SaaS for efficiency and innovation, benefiting from its adaptability, collaborative tools, and robust security.
Given the ongoing digital transformation, investors may want to closely monitor strong SaaS stocks Smartsheet Inc. (<a href="https://stocknews.com/stock/SMAR/">SMAR</a>), CCC Intelligent Solutions Holdings Inc. (<a href="https://stocknews.com/stock/CCCS/">CCCS</a>), and DocuSign, Inc. (<a href="https://stocknews.com/stock/DOCU/">DOCU</a>). These companies seem well-positioned to capitalize on the expanding opportunities in the sector.
Cloud-based software services are now dominating over traditional software applications. Enterprises are investing in digital transformation, adopting trends like Vertical SaaS, DaaS, and iPaaS to enhance system connectivity, manage data effectively, and meet rising industry needs.
Hence, Gartner predicts SaaS spending will grow by 20% this year, <a href="https://www.gartner.com/en/newsroom/press-releases/2024-05-20-gartner-forecasts-worldwide-public-cloud-end-user-spending-to-surpass-675-billion-in-2024#:~:text=SaaS%20spending%20is%20projected%20to,consumption%20model%2C%E2%80%9D%20said%20Nag.">reaching $247.20 billion</a>. Supporting this growth, the <a href="https://federalnewsnetwork.com/acquisition-policy/2024/03/gsa-aims-to-make-buying-saas-easier-through-new-policy/?readmore=1">General Services Administration's policy change</a> enables governments to more easily adopt software through upfront payments, strengthening market stability and attracting greater investment opportunities in the expanding SaaS landscape.
Looking forward, according to a report published by Research and Markets, the global SaaS market is projected to grow at a <a href="https://www.researchandmarkets.com/reports/5939098/software-service-saas-global-market-report">CAGR of 6.2%</a>, reaching $325.84 billion by 2028, reflecting its dynamic growth and innovation potential.
Given the SaaS industry's positive trends, let's dive deeper into the fundamentals of three growth-heavy <a href="https://stocknews.com/category/software-saas/">Software – SAAS</a> stocks starting with #3.
Stock #3: Smartsheet Inc. (<a href="https://stocknews.com/stock/SMAR/">SMAR</a>)
SMAR provides a work management platform for organizations, allowing them to plan, capture, manage, automate, and report on work at scale. The cloud-based software is delivered globally through a subscription model, offering products like Smartsheet, WorkApps, and Premium Apps and Connectors for business work management needs.
On July 9, SMAR <a href="https://investors.smartsheet.com/news/news-details/2024/Smartsheet-Integrates-Amazon-Q-on-AWS-to-Implement-New-Generative-AI-Powered-Assistant-for-its-Employees/default.aspx">introduced Amazon Q Business</a>, an AI-powered assistant aimed at enhancing knowledge management and boosting productivity within its cloud operations. The implementation underscores SMAR's commitment to leveraging cutting-edge technology to improve employee efficiency and elevate customer service standards.
On May 14, SMAR unveiled <a href="https://investors.smartsheet.com/news/news-details/2024/Smartsheet-Empowers-Enterprises-to-Make-Smart-Decisions-and-Get-Results-Faster-with-Updates-to-its-Next-Generation-Work-Management-Platform/default.aspx">new AI and resource management features</a>, offering businesses actionable insights and improved operational visibility. In the rapidly growing AI sector, SMAR continues to solidify its market presence by integrating advanced technologies that support business growth and innovation across industries.
During the fiscal 2025 second quarter that ended July 31, 2024, SMAR's total revenue increased 17.3% year-over-year to $276.41 million. Its non-GAAP operating income rose 135.7% from the year-ago value to $45.30 million.
Moreover, the company's non-GAAP net income and non-GAAP net income per share grew 180% and 175% from the prior year's quarter to $61.64 million and $0.44, respectively.
Analysts expect SMAR's revenue and EPS for the fiscal 2025 third quarter (ending October 2024) to grow 15.4% and 90.3% year-over-year to $283.85 million and $0.30, respectively. Also, the company has topped the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Shares of SMAR have gained 16.4% over the past three months and 21.1% over the past six months to close the last trading session at $50.56.
SMAR's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
SMAR has an A grade for Growth and Sentiment and a B for Quality. It is ranked #5 out of 18 stocks in the A-rated <a href="https://stocknews.com/category/software-saas/">Software – SAAS</a> industry.
To see SMAR's Value, Momentum, and Stability ratings, <a href="https://stocknews.com/stock/SMAR/">click here</a>.
Stock #2: CCC Intelligent Solutions Holdings Inc. (<a href="https://stocknews.com/stock/CCCS/">CCCS</a>)
CCCS provides software-as-a-service (SaaS) platform for the property and casualty (P&amp;C) insurance economy. The company's cloud-based software serves as a service platform connecting trading partners, facilitating commerce, and enabling digital workflow across the platform through artificial intelligence.
On September 4, CCCS <a href="https://ir.cccis.com/news-releases/news-release-details/ccc-launches-cccr-payroll-streamline-payroll-management">launched CCC&#xAE; Payroll</a>, a solution to streamline payroll management for collision repair shops. By integrating this into the CCC ONE&#xAE; Platform, CCCS enhances operational efficiency for businesses. The innovation could strengthen CCCS' market position, driving customer adoption and fostering growth.
On July 30, CCCS <a href="https://ir.cccis.com/news-releases/news-release-details/ccc-launches-cccr-intelligent-reinspection-help-auto-insurers">introduced CCC&#xAE; Intelligent Reinspection</a>, which uses AI to streamline auto insurers' repair estimate reviews. By automating and simplifying workflows, CCCS is tapping into the AI revolution, helping secure a larger market share and paving the way for further expansion and technological advancement.
CCCS' revenues for the fiscal 2024 second quarter that ended June 30, 2024, increased 9.9% year-over-year to $232.62 million. It reported an adjusted gross profit of $182.08 million, indicating a 12.4% growth from the prior year quarter with an adjusted gross profit margin of 78%.
In addition, the company's <a href="https://www.investopedia.com/ask/answers/010715/what-being-adjusted-adjusted-net-income.asp">adjusted net income</a> came in at $56.19 million or $0.09 per share, up 17.4% and 28.6% year-over-year, respectively. Also, its adjusted EBITDA increased 18.4% year-over-year, amounting to $95.79 million.
The consensus revenue and EPS estimates of $237.36 million and $0.09 for the fiscal third quarter (ending September 2024) represent a 7.3% and 2% year-over-year increase, respectively. Moreover, CCCS has an impressive surprise history; it surpassed the expected revenue and EPS estimates in each of the four trailing quarters.
The stock has gained 5.8% over the past month to close the last trading session at $10.75.
CCCS' POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
CCCS has a B grade for Growth, Stability, and Sentiment. It is ranked #3 out of 18 stocks in the Software – SAAS industry.
<a href="https://stocknews.com/stock/CCCS/">Click here</a> to see the other ratings of CCCS for Value, Momentum, and Quality.
Stock #1: DocuSign, Inc. (<a href="https://stocknews.com/stock/DOCU/">DOCU</a>)
DOCU offers electronic signature products, allowing agreements to be signed globally from various devices. The company's products include eSignature, Contract Lifecycle Management, Gen for Salesforce, Identify and Monitor, and Document Generation.
On June 4, DOCU <a href="https://investor.docusign.com/investors/press-releases/press-release-details/2024/Docusign-Introduces-New-Connector-for-SAP-Ariba-Solutions-at-SAP-Sapphire/default.aspx">announced a new Connector</a> for SAP Ariba solutions, automating workflows between DOCU's CLM and SAP Ariba to streamline the source-to-pay process. Available globally in September, this innovation solidifies DOCU's leadership in e-signature technology and strengthens its market presence.
On May 31, DOCU <a href="https://investor.docusign.com/investors/press-releases/press-release-details/2024/Docusign-Completes-Acquisition-of-Lexion-to-Accelerate-Intelligent-Agreement-Management/default.aspx">completed its acquisition</a> of Lexion, an AI-powered agreement management company. The strategic move would enhance DOCU's Intelligent Agreement Management (IAM) capabilities, allowing DOCU to offer advanced AI-assisted solutions and further solidify its position in the rapidly growing IAM space.
DOCU's total revenues for the fiscal 2025 second quarter that ended July 31, 2024, rose 7% year-over-year to $736.03 million. The company's non-GAAP income from operations stood at $236.16 million, up 39.6% from the previous year's quarter.
Additionally, DOCU's non-GAAP net income came in at $200.99 million and $0.97 per share, representing increases of 34.3% and 34.7% year-over-year, respectively.
Street expects DOCU's revenue and EPS for the fiscal 2025 third quarter (ending October 2024) to increase 6.4% and 10.2% year-over-year to $745.31 million and $0.87, respectively. Additionally, the company surpassed the consensus EPS estimates in each of the trailing four quarters, which is impressive.
Shares of DOCU have gained 10.1% over the past three months and 21.8% over the past year to close the last trading session at $56.49.
DOCU's POWR Ratings reflect strong prospects. The stock has an overall rating of A, translating to a Strong Buy in our proprietary rating system.
DOCU has an A grade for Quality and a B for Value and Growth. It has topped the Software – SaaS industry.
Beyond what we stated above, we have also given DOCU grades for Momentum, Stability, and Sentiment. Get all the DOCU's ratings <a href="https://stocknews.com/stock/DOCU/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
DOCU shares rose $1.29 (+2.28%) in premarket trading Friday. Year-to-date, DOCU has declined -4.98%, versus a 18.37% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/docu-smar-cccs-3-growth-stocks-in-the-saas-space-that-are-set/>3 Growth Stocks in the SaaS Space That Are Set to Soar</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Growth Stocks in the SaaS Space That Are Set to Soar

With the growing technological advancements and growing awareness among consumers, the insurance industry is experiencing robust growth. Thus, it could be wise to consider solid insurance technology stocks CCC Intelligent Solutions (CCCS), Oscar Health (OSCR), and SelectQuote (SLQT) set to revolutionize the insurance industry. Read more… The insurance industry undertakes a vital responsibility in society by offering security and resources. They provide essential services across numerous segments and with the recent innovations through insurtech, the industry's outreach to consumers has even improved resulting in surging market demand.
Given the industry's tailwinds, it could be wise to invest in fundamentally sound insurtech stocks CCC Intelligent Solutions Holdings Inc. (<a href="https://stocknews.com/stock/CCCS/">CCCS</a>), Oscar Health, Inc. (<a href="https://stocknews.com/stock/OSCR/">OSCR</a>), and SelectQuote, Inc. (<a href="https://stocknews.com/stock/SLQT/">SLQT</a>), poised to lead the insurance industry.
According to a recent survey by Mercer, <a href="https://www.reuters.com/markets/us/us-employers-expect-nearly-6-spike-health-insurance-costs-2025-mercer-says-2024-09-12/">U.S. employers project</a> an average rise of 5.8% in health insurance costs in 2025, owing to the increased cost of medical services and increasing global use. Apart from health insurance, the overall insurance market is also experiencing a rapid surge due to the severity of global risks, climate change, cybercrime, and other uncertainties.
The insurance market functions as society's financial safety net. Further, <a href="https://www2.deloitte.com/content/dam/Deloitte/cn/Documents/financial-services/deloite-cn-fsi-2024-insurance-outlook-en-231206.pdf">insurers' transforming approach</a> not only effectively reacts to risks but also prevents losses from happening in the first place and adopts a more customer-centric business model with technological advancements that significantly contribute to growth.
Amid this outlook, <a href="https://www.statista.com/topics/4116/insurtech/#topicOverview">insurtech has presented some groundbreaking evolutions</a> that are benefiting the insurance industry. The insurance segment has remained traditional for a long period; therefore, now, with revolutionary innovation to enhance traditional processes, improve efficiencies, and boost the overall industry profitability, the industry is remodeling.
Capital invested in insurtech companies has also peaked in the recent years, and since 2018, investments have remained above $10 billion each year.
Besides, the global online insurance market is projected to reach $6.56 trillion by 2032, exhibiting growth at a notable <a href="https://www.taiwannews.com.tw/news/5937834">CAGR of 12.7%</a>. The market is growing with the shift towards digital platforms, the advent of mobile apps and AI technologies, and improving consumer experience.
Given the industry's robust outlook, investing in quality insurance technology stocks such as CCCS, OSCR, and SLQT could be wise for future gains.
CCC Intelligent Solutions Holdings Inc. (<a href="https://stocknews.com/stock/CCCS/">CCCS</a>)
CCCS operates as a software-as-a-service company for the property and casualty insurance economy. Its cloud-based SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence-enabled digital workflow across the insurance economy.
On September 4, CCCS launched CCC&#xAE; Payroll, a solution designed to streamline payroll management for collision repair shops. CCC Payroll is integrated into the CCC ONE&#xAE; platform and allows shops to track production and labor, streamline payroll within a single system, and ease the overall payroll process.
On July 30, CCCS unveiled CCC&#xAE; Intelligent Reinspection, a solution to help auto insurers streamline the review of incoming repair facility estimates, expediting repairer workflows and claims resolutions. The solution uses AI technology to identify review areas and provides reason codes based on insurer rules, helping the overall review estimates and reducing repair and claim cycle times.
CCCS' <a href="https://www.investopedia.com/terms/r/revenue.asp">revenues</a> for the second quarter that ended June 30, 2024, increased 9.9% year-over-year to $232.62 million, while its adjusted gross profit grew 12.4% from the year-ago value to $182.08 million. The company's adjusted operating income of $85.98 million reflects growth of 19.7% from the prior year's quarter.
Furthermore, net income attributable to CCCS common stockholders came in at $20.22 million and $0.03 per share for the quarter, respectively. Its adjusted EBITDA rose 18.4% year-over-year to $95.80 million.
As per the company's business outlook, CCCS expects its revenue to range between $236 million and $238 million, and its adjusted EBITDA is expected to be $97 million - $99 million for the third quarter of fiscal 2024.
For the full year 2024, the company expects revenue of $941 million to $945 million and adjusted EBITDA of $391 million to $395 million.
Analysts expect CCCS' revenue for the third quarter (ending September 2024) to increase 7.3% year-over-year to $237.36 million and its EPS for the same quarter is expected to grow 2% year-over-year to $0.09. Moreover, the company has surpassed the consensus revenue and EPS estimates in all of the trailing four quarters.
Shares of CCCS have surged 3.7% over the past month to close the last trading session at $10.87.
CCCS' <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
CCCS has a B grade for Sentiment and Growth. It is ranked #3 out of 18 stocks in the A-rated <a href="https://stocknews.com/category/software-saas/">Software - SAAS</a> industry.
In addition to the POWR Ratings we've stated above, we also have other ratings of CCCS for Quality, Stability, Momentum, and Value. Get all CCCS ratings <a href="https://stocknews.com/stock/CCCS/">here</a>.
Oscar Health, Inc. (<a href="https://stocknews.com/stock/OSCR/">OSCR</a>)
OSCR operates as a health insurance company. The company provides health plans in the individual and small group markets. It also provides +Oscar, a technology-driven platform that helps providers and payors directly enable their shift to value-based care.
In terms of forward EV/Sales, OSCR is trading at 0.38x, 88% lower than the industry average of 3.13x. Likewise, the stock's forward Price/Sales multiple of 0.59 is 79.7% lower than the industry average of 2.89. Also, its forward Price/Cash Flow of 2.20x is 84.9% lower than the industry average of 14.56x.
During the second quarter that ended June 30, 2024, OSCR's total revenue rose 45.9% year-over-year to $2.22 billion. Its adjusted EBITDA increased 192.7% from the year-ago value to $104.13 million. The company's net income and EPS came in at $56.31 million and $0.20 for the quarter, respectively.
In addition, the company's total assets were $5.01 billion as of June 30, 2024, compared to $3.60 billion as of December 31, 2023.
Street expects OSCR's revenue and EPS for the first quarter (ending March 2025) to increase 23.4% and 3.2% year-over-year to $2.64 billion and $0.64, respectively. Furthermore, the company surpassed the consensus EPS estimates in each of the trailing four quarters.
Over the past six months, OSCR's stock has gained 58.6% and 261.3% over the past year to close the last trading session at $21.93.
OSCR's sound fundamentals are reflected in its POWR Ratings. The stock has a B grade for Growth and Quality.
Within the A-rated <a href="https://stocknews.com/category/health-insurance/">Medical – Health Insurance</a> industry, OSCR is ranked #6 of 10 stocks. <a href="https://stocknews.com/stock/OSCR/">Click here</a> to access additional ratings of OSCR for Momentum, Stability, Sentiment, and Value.
SelectQuote, Inc. (<a href="https://stocknews.com/stock/SLQT/">SLQT</a>)
SLQT operates a technology-enabled, direct-to-consumer distribution platform that sells insurance policies and healthcare services. The company operates in four segments: Senior; Healthcare Services; Life; and Auto &amp; Home.
On September 4, SLQT announced that SelectRx, its full-service medication management pharmacy serving all 50 states, will open a third fulfillment facility in Olathe, Kansas, to cater to its rapidly expanding customer base, with its existing facilities in Monaca, Pennsylvania, and Indianapolis, Indiana.
For the fourth quarter that ended June 30, 2024, SLQT's total revenue increased 38.5% year-over-year to $307.21 million, of which its pharmacy revenue rose 77.1% from the year-ago value to $141.55 million. Also, the company's adjusted EBITDA was $14.36 million for the quarter.
In addition, as of June 30, 2024, the company's cash and cash equivalents and total assets stood at $42.69 million and $1.19 billion.
For the fiscal year 2025, the company expects revenue in a range of $1.40 billion to $1.50 billion and adjusted EBITDA between $90 million and $120 million.
Analysts expect SLQT's EPS for the second quarter (ending December 2024) to increase 63.6% year-over-year to $0.18, and its revenue for the same quarter is expected to grow 26.6% year-over-year to $513.20 million. Also, it topped the consensus revenue estimates in each of the trailing four quarters.
SLQT's stock has surged 27.8% over the past six months and 83.2% over the past year to close the last trading session at $2.07.
SLQT's POWR Ratings reflect its bright prospects. SLQT has an A grade for Momentum and a B grade for Value and Growth. The stock is ranked #6 among 14 stocks in the <a href="https://stocknews.com/category/insurance-brokers/">Insurance - Brokers</a> industry.
To access SLQT's other ratings for Sentiment, Quality, and Stability, <a href="https://stocknews.com/stock/SLQT/">click here</a>.
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CCCS shares were trading at $10.86 per share on Wednesday afternoon, down $0.01 (-0.09%). Year-to-date, CCCS has declined -4.65%, versus a 19.23% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/cccs-oscr-slqt-3-insurtech-stocks-set-to-revolutionize-the-insurance-industry/>3 InsurTech Stocks Set to Revolutionize the Insurance Industry</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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