Inovalon Holdings Inc. (NASDAQ:INOV) CFO Thomas R. Kloster sold 109,899 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $15.53, for a total transaction of $1,706,731.47. Following the completion of the sale, the chief financial officer now owns 10,050 shares in the company, valued at approximately $156,076.50. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Inovalon Holdings Inc. (NASDAQ:INOV) opened at 15.60 on Tuesday. The firm has a 50-day moving average of $14.42 and a 200 day moving average of $16.45. The company has a market cap of $2.29 billion, a PE ratio of 55.71 and a beta of 1.08. Inovalon Holdings Inc. has a 52-week low of $13.30 and a 52-week high of $20.63.

Inovalon Holdings (NASDAQ:INOV) last posted its earnings results on Wednesday, November 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. Inovalon Holdings had a net margin of 9.37% and a return on equity of 7.79%. The business had revenue of $105.01 million for the quarter, compared to analyst estimates of $102.38 million. During the same period last year, the business posted $0.09 EPS. Inovalon Holdings’s revenue was down .4% compared to the same quarter last year. Equities research analysts expect that Inovalon Holdings Inc. will post $0.44 earnings per share for the current fiscal year.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Berkeley Capital Partners LLC raised its position in Inovalon Holdings by 2.4% in the third quarter. Berkeley Capital Partners LLC now owns 13,826 shares of the company’s stock worth $203,000 after buying an additional 328 shares during the last quarter. Royal Bank of Canada raised its position in Inovalon Holdings by 5.2% in the second quarter. Royal Bank of Canada now owns 18,528 shares of the company’s stock worth $334,000 after buying an additional 920 shares during the last quarter. Bessemer Group Inc. raised its position in Inovalon Holdings by 10.3% in the second quarter. Bessemer Group Inc. now owns 11,145 shares of the company’s stock worth $201,000 after buying an additional 1,040 shares during the last quarter. California State Teachers Retirement System raised its position in Inovalon Holdings by 1.0% in the third quarter. California State Teachers Retirement System now owns 125,806 shares of the company’s stock worth $1,851,000 after buying an additional 1,200 shares during the last quarter. Finally, Redmond Asset Management LLC raised its position in Inovalon Holdings by 1.4% in the second quarter. Redmond Asset Management LLC now owns 116,576 shares of the company’s stock worth $2,100,000 after buying an additional 1,610 shares during the last quarter. Institutional investors and hedge funds own 31.50% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. William Blair lowered shares of Inovalon Holdings from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 4th. KeyCorp cut their target price on shares of Inovalon Holdings from $26.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 16th. Zacks Investment Research lowered shares of Inovalon Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. Goldman Sachs Group Inc. lowered shares of Inovalon Holdings from a “buy” rating to a “neutral” rating and cut their target price for the company from $25.00 to $17.00 in a research note on Thursday, August 4th. Finally, First Analysis assumed coverage on shares of Inovalon Holdings in a research note on Monday, October 24th. They issued an “equal weight” rating and a $14.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $16.78.

Inovalon Holdings Company Profile

Inovalon Holdings, Inc is a technology company. The Company combines advanced cloud-based data analytics and data-driven intervention platforms to provide services for health plans, hospitals, physicians, patients, pharmaceutical companies and researchers. The Company operates through developing cloud-based data analytics and data-driven intervention platforms segment and provides related services to its clients.

5 Day Chart for NASDAQ:INOV

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