Insider Selling: Interactive Intelligence Group Director Sells 16,360 Shares of Stock (ININ)
Interactive Intelligence Group (NASDAQ:ININ) Director Mark E. Hill unloaded 16,360 shares of the company’s stock on the open market in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $74.15, for a total value of $1,213,094.00. Following the completion of the sale, the director now directly owns 130,172 shares in the company, valued at approximately $9,652,254. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on ININ. Analysts at Dougherty & Co reiterated a “buy” rating on shares of Interactive Intelligence Group in a research note to investors on Thursday, January 30th. They now have a $82.00 price target on the stock, up previously from $72.00. Separately, analysts at Northland Capital Partners raised their price target on shares of Interactive Intelligence Group from $89.00 to $93.00 in a research note to investors on Thursday, January 30th. They now have an “outperform” rating on the stock. Finally, analysts at Northland Capital Partners raised their price target on shares of Interactive Intelligence Group from $78.00 to $89.00 in a research note to investors on Wednesday, January 22nd. They now have an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $78.29.
Shares of Interactive Intelligence Group (NASDAQ:ININ) traded down 1.24% during mid-day trading on Wednesday, hitting $72.74. 76,088 shares of the company’s stock traded hands. Interactive Intelligence Group has a 52 week low of $39.30 and a 52 week high of $80.47. The stock has a 50-day moving average of $68.71 and a 200-day moving average of $63.50. The company has a market cap of $1.481 billion and a P/E ratio of 163.67.
Interactive Intelligence Group (NASDAQ:ININ) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.18. The company had revenue of $90.80 million for the quarter, compared to the consensus estimate of $77.52 million. During the same quarter last year, the company posted $0.28 earnings per share. Interactive Intelligence Group’s revenue was up 28.8% compared to the same quarter last year. Analysts expect that Interactive Intelligence Group will post $0.29 EPS for the current fiscal year.
Interactive Intelligence Group, Inc (NASDAQ:ININ), formerly Interactive Intelligence, Inc, is a holding company.
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