Insider Selling: InnerWorkings CEO Sells 15,000 Shares of Stock (INWK)
InnerWorkings (NASDAQ:INWK) CEO Eric Belcher sold 15,000 shares of the stock on the open market in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $11.02, for a total value of $165,300.00. Following the sale, the chief executive officer now directly owns 270,113 shares in the company. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Feltl & Co. initiated coverage on shares of InnerWorkings (NASDAQ:INWK) in a research note to investors on Wednesday, July 24th. They set a “strong-buy” rating and a $16.00 price target on the stock.
InnerWorkings (NASDAQ:INWK) traded down 1.18% on Wednesday, hitting $10.90. The stock had a trading volume of 164,819 shares. InnerWorkings has a one year low of $9.35 and a one year high of $15.80. The stock has a 50-day moving average of $11.10 and a 200-day moving average of $11.90. The company has a market cap of $555.4 million and a price-to-earnings ratio of 42.42.
InnerWorkings (NASDAQ:INWK) last released its earnings data on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.05 by $0.01. The company had revenue of $210.90 million for the quarter, compared to the consensus estimate of $215.70 million. During the same quarter last year, the company posted $0.09 earnings per share. InnerWorkings’s revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that InnerWorkings will post $0.45 earnings per share for the current fiscal year.
InnerWorkings, Inc (NASDAQ:INWK) is a provider of global print management and promotional solutions to corporate clients across a ranges of industries.
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