Intellinetics (NYSEAMERICAN:INLX) Major Shareholder Sells $24,701.32 in Stock

Intellinetics, Inc. (NYSEAMERICAN:INLX) major shareholder Robert Taglich sold 3,754 shares of Intellinetics stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $6.58, for a total value of $24,701.32. Following the sale, the insider owned 454,888 shares of the company’s stock, valued at approximately $2,993,163.04. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Robert Taglich also recently made the following trade(s):

• On Wednesday, June 17th, Robert Taglich sold 550 shares of Intellinetics stock. The stock was sold at an average price of $6.50, for a total transaction of $3,575.00.

Intellinetics Stock Performance

NYSEAMERICAN INLX opened at $5.87 on Friday. The stock has a market cap of $26.36 million, a PE ratio of -11.08 and a beta of 0.16. Intellinetics, Inc. has a 12 month low of $5.25 and a 12 month high of $14.57. The company’s 50-day moving average price is $6.74 and its 200-day moving average price is $7.51. The company has a current ratio of 0.90, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01.

Intellinetics (NYSEAMERICAN:INLX) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.22). The company had revenue of $3.91 million for the quarter, compared to the consensus estimate of $4.55 million. Intellinetics had a negative net margin of 14.31% and a negative return on equity of 16.89%.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Intellinetics stock. Bard Associates Inc. raised its position in shares of Intellinetics, Inc. (NYSEAMERICAN:INLX) by 51.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 332,447 shares of the company’s stock after purchasing an additional 112,778 shares during the period. Bard Associates Inc. owned about 7.42% of Intellinetics worth $2,652,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 0.75% of the company’s stock.

About Intellinetics

Intellinetics, Inc is a provider of enterprise content management and digital transformation solutions designed to help organizations streamline document-centric processes and improve operational efficiency. The company’s platform enables clients to capture, store, manage and retrieve both paper and electronic records through a unified system, reducing reliance on manual workflows and minimizing the risks associated with paper-based information handling.

The company offers a range of software products and professional services aimed at automating business processes and ensuring secure, compliant access to critical data.