Interactive Intelligence Group CEO Donald Brown Unloads 1,229 Shares (ININ)
Interactive Intelligence Group (NASDAQ:ININ) CEO Donald Brown sold 1,229 shares of Interactive Intelligence Group stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $60.02, for a total value of $73,764.58. Following the completion of the transaction, the chief executive officer now directly owns 3,853,493 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
ININ has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Interactive Intelligence Group currently has an average rating of “Buy” and an average price target of $66.04.
Interactive Intelligence Group (NASDAQ:ININ) traded down 1.00% on Thursday, hitting $59.39. The stock had a trading volume of 80,629 shares. Interactive Intelligence Group has a 1-year low of $28.52 and a 1-year high of $66.94. The stock’s 50-day moving average is $59.55 and its 200-day moving average is $50.45. The company has a market cap of $1.190 billion and a price-to-earnings ratio of 205.45.
Interactive Intelligence Group (NASDAQ:ININ) last announced its earnings results on Monday, August 5th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 39.1% on a year-over-year basis. Analysts expect that Interactive Intelligence Group will post $0.47 EPS for the current fiscal year.
Interactive Intelligence Group, Inc (NASDAQ:ININ), formerly Interactive Intelligence, Inc, is a holding company.
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