Insider Selling: Stephen R. Head Sells 5,464 Shares of Interactive Intelligence Group Stock (ININ)
Interactive Intelligence Group (NASDAQ:ININ) CFO Stephen R. Head sold 5,464 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $51.73, for a total transaction of $282,652.72. Following the completion of the transaction, the chief financial officer now directly owns 73,649 shares of the company’s stock, valued at approximately $3,809,863. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Wedbush cut their price target on shares of Interactive Intelligence Group from $80.00 to $60.00 in a research note on Tuesday, May 6th. Separately, analysts at Sidoti upgraded shares of Interactive Intelligence Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 6th. Finally, analysts at Northland Securities raised their price target on shares of Interactive Intelligence Group from $93.00 to $96.00 in a research note on Monday, April 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $75.90.
Shares of Interactive Intelligence Group (NASDAQ:ININ) traded down 1.48% during mid-day trading on Friday, hitting $51.19. 62,030 shares of the company’s stock traded hands. Interactive Intelligence Group has a 52-week low of $45.86 and a 52-week high of $81.59. The stock has a 50-day moving average of $52.63 and a 200-day moving average of $66.27. The company has a market cap of $1.066 billion and a price-to-earnings ratio of 196.82.
Interactive Intelligence Group (NASDAQ:ININ) last issued its quarterly earnings data on Monday, May 5th. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.03. The company had revenue of $79.40 million for the quarter, compared to the consensus estimate of $79.67 million. During the same quarter last year, the company posted $0.17 earnings per share. Interactive Intelligence Group’s revenue was up 8.5% compared to the same quarter last year. Analysts expect that Interactive Intelligence Group will post $0.25 EPS for the current fiscal year.
Interactive Intelligence Group, Inc (NASDAQ:ININ), formerly Interactive Intelligence, Inc, is a holding company.
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