Insider Selling: Interactive Intelligence Group CEO Unloads 95,469 Shares of Stock (ININ)
Interactive Intelligence Group (NASDAQ:ININ) CEO Donald Brown sold 95,469 shares of the stock on the open market in a transaction dated Friday, September 13th. The stock was sold at an average price of $59.31, for a total value of $5,662,266.39. Following the completion of the transaction, the chief executive officer now directly owns 3,758,024 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $66.04.
Shares of Interactive Intelligence Group (NASDAQ:ININ) traded down 1.62% on Monday, hitting $59.52. 75,409 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 has a 50-day moving average of $59.78 and a 200-day moving average of $50.67. The company has a market cap of $1.193 billion and a price-to-earnings ratio of 207.19.
Interactive Intelligence Group (NASDAQ:ININ) last issued its quarterly earnings data 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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