Inovalon Holdings, Inc. (NASDAQ:INOV) CEO Keith R. Dunleavy acquired 62,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were acquired at an average price of $16.38 per share, with a total value of $1,015,560.00. Following the acquisition, the chief executive officer now owns 270,000 shares in the company, valued at $4,422,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Inovalon Holdings, Inc. (NASDAQ INOV) traded up 3.40% during midday trading on Thursday, hitting $16.75. The company’s stock had a trading volume of 222,841 shares. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 140.76 and a beta of 1.17. Inovalon Holdings, Inc. has a 12-month low of $8.60 and a 12-month high of $17.80. The firm has a 50-day moving average of $15.88 and a 200 day moving average of $13.06.

Inovalon Holdings (NASDAQ:INOV) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $110.60 million during the quarter, compared to analysts’ expectations of $108.73 million. Inovalon Holdings had a return on equity of 5.17% and a net margin of 4.13%. The firm’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. On average, equities research analysts predict that Inovalon Holdings, Inc. will post $0.32 EPS for the current fiscal year.

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A number of research firms recently issued reports on INOV. Robert W. Baird restated a “neutral” rating and set a $12.00 price objective (up previously from $11.00) on shares of Inovalon Holdings in a report on Friday, June 16th. KeyCorp restated a “hold” rating on shares of Inovalon Holdings in a report on Tuesday. BidaskClub cut Inovalon Holdings from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Morgan Stanley upgraded Inovalon Holdings from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $9.00 to $14.00 in a report on Tuesday. Finally, ValuEngine upgraded Inovalon Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Inovalon Holdings has an average rating of “Hold” and an average target price of $14.17.

A number of hedge funds have recently bought and sold shares of INOV. Neuberger Berman Group LLC increased its stake in Inovalon Holdings by 183.1% during the first quarter. Neuberger Berman Group LLC now owns 1,938,715 shares of the technology company’s stock worth $24,428,000 after acquiring an additional 1,253,887 shares during the last quarter. Black Creek Investment Management Inc. increased its stake in Inovalon Holdings by 13.6% during the first quarter. Black Creek Investment Management Inc. now owns 9,772,435 shares of the technology company’s stock worth $123,133,000 after acquiring an additional 1,171,150 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Inovalon Holdings by 2,014.6% during the first quarter. Parametric Portfolio Associates LLC now owns 1,161,768 shares of the technology company’s stock worth $14,638,000 after acquiring an additional 1,106,827 shares during the last quarter. State Street Corp increased its stake in Inovalon Holdings by 59.1% during the second quarter. State Street Corp now owns 1,151,392 shares of the technology company’s stock worth $15,140,000 after acquiring an additional 427,528 shares during the last quarter. Finally, Koch Industries Inc. acquired a new stake in Inovalon Holdings during the second quarter worth $234,000. 28.67% of the stock is owned by institutional investors.

About Inovalon Holdings

Inovalon Holdings, Inc (Inovalon) is a technology company. The Company provides cloud-based platforms empowering a data-driven transformation from volume-based to value-based models to the healthcare industry. Leveraging large-scale data interconnectivity capabilities, unparalleled proprietary data sets, advanced analytics, data-driven intervention systems, and subject matter expertise, Inovalon enables the assessment and improvement of clinical and quality outcomes and financial performance across the healthcare ecosystem.

Insider Buying and Selling by Quarter for Inovalon Holdings (NASDAQ:INOV)

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