Insider Selling: Interactive Intelligence Group CEO Sells 9,351 Shares of Stock (ININ)
Interactive Intelligence Group (NASDAQ:ININ) CEO Donald Brown sold 9,351 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $60.03, for a total value of $561,340.53. Following the completion of the transaction, the chief executive officer now directly owns 3,854,722 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on ININ shares. Analysts at Zacks upgraded shares of Interactive Intelligence Group (NASDAQ:ININ) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, August 7th. They now have a $68.30 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Interactive Intelligence Group (NASDAQ:ININ) from $53.00 to $66.00 in a research note to investors on Tuesday, August 6th. They now have a “neutral” rating on the stock. Finally, analysts at Roth Capital raised their price target on shares of Interactive Intelligence Group (NASDAQ:ININ) from $46.00 to $70.00 in a research note to investors on Tuesday, August 6th.
Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Interactive Intelligence Group currently has an average rating of “Buy” and a consensus price target of $66.04.
Interactive Intelligence Group (NASDAQ:ININ) remained flat at $59.99 during during mid-day trading trading on Wednesday. 36,929 shares of the company’s stock traded hands. Interactive Intelligence Group has a one year low of $28.52 and a one year high of $66.94. The stock’s 50-day moving average is $59.42 and its 200-day moving average is $50.38. The company has a market cap of $1.202 billion and a P/E ratio of 205.45.
Interactive Intelligence Group (NASDAQ:ININ) last announced its earnings results on Monday, August 5th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.12. The company had revenue of $76.20 million for the quarter, compared to the consensus estimate of $69.98 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 39.1% on a year-over-year basis. On average, analysts predict that Interactive Intelligence Group will post $0.47 earnings per share for the current fiscal year.
Interactive Intelligence Group, Inc (NASDAQ:ININ), formerly Interactive Intelligence, Inc, is a holding company.
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