Insider Selling: Interactive Intelligence Group CEO Unloads 15,000 Shares of Stock (ININ)
Interactive Intelligence Group (NASDAQ:ININ) CEO Donald E. Brown unloaded 15,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $43.35, for a total transaction of $650,250.00. Following the sale, the chief executive officer now directly owns 3,666,678 shares in the company, valued at approximately $158,950,491. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at Wedbush reiterated a “neutral” rating on shares of Interactive Intelligence Group in a research note on Thursday, July 17th. They now have a $45.00 price target on the stock, down previously from $60.00. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $79.75.
Shares of Interactive Intelligence Group (NASDAQ:ININ) traded up 0.34% on Monday, hitting $43.64. 68,973 shares of the company’s stock traded hands. Interactive Intelligence Group has a 1-year low of $40.35 and a 1-year high of $81.59. The stock’s 50-day moving average is $48.69 and its 200-day moving average is $61.36. The company’s market cap is $909.9 million.
Interactive Intelligence Group (NASDAQ:ININ) last announced its earnings results on Monday, August 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.03. The company had revenue of $79.80 million for the quarter, compared to the consensus estimate of $79.40 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts predict that Interactive Intelligence Group will post $-0.34 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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