Jonathan R. Boldt Sells 2,500 Shares of Inovalon Holdings, Inc. (NASDAQ:INOV) Stock
Inovalon Holdings, Inc. (NASDAQ:INOV) CFO Jonathan R. Boldt sold 2,500 shares of the stock in a transaction on Tuesday, November 17th. The shares were sold at an average price of $18.24, for a total value of $45,600.00. Following the sale, the chief financial officer now owns 239,190 shares of the company’s stock, valued at approximately $4,362,825.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
NASDAQ INOV opened at $18.79 on Friday. Inovalon Holdings, Inc. has a 1-year low of $13.39 and a 1-year high of $27.93. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $2.92 billion, a PE ratio of 469.87, a price-to-earnings-growth ratio of 2.11 and a beta of 0.76. The firm’s fifty day simple moving average is $23.49 and its 200-day simple moving average is $21.84.
Inovalon (NASDAQ:INOV) last posted its quarterly earnings results on Wednesday, October 28th. The technology company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. The business had revenue of $161.38 million for the quarter, compared to the consensus estimate of $179.27 million. Inovalon had a net margin of 0.87% and a return on equity of 9.07%. As a group, analysts predict that Inovalon Holdings, Inc. will post 0.45 EPS for the current year.
A number of institutional investors have recently bought and sold shares of INOV. Redwood Investments LLC acquired a new position in Inovalon during the second quarter worth $19,245,000. Bernzott Capital Advisors increased its position in Inovalon by 27.1% during the third quarter. Bernzott Capital Advisors now owns 2,061,327 shares of the technology company’s stock worth $54,522,000 after buying an additional 439,550 shares during the last quarter. Spence Asset Management acquired a new position in Inovalon during the third quarter worth $9,969,000. Castleark Management LLC acquired a new position in Inovalon during the third quarter worth $9,702,000. Finally, Nordea Investment Management AB increased its position in Inovalon by 99.9% during the second quarter. Nordea Investment Management AB now owns 618,572 shares of the technology company’s stock worth $11,480,000 after buying an additional 309,120 shares during the last quarter. 33.44% of the stock is currently owned by hedge funds and other institutional investors.
Inovalon Company Profile
Inovalon Holdings, Inc provides cloud-based platforms for data-driven healthcare. It operates Inovalon ONE Platform, a cloud-based platform that interconnect with the healthcare ecosystem to aggregate and analyze data in real-time, as well as empowers the application in resulting insights. The company also operates myABILITY software platform, an integrated set of cloud-based applications for providers that offers connectivity, administrative, clinical and quality analysis, management, and performance improvement capabilities to acute, post-acute, and ambulatory point-of-care provider facilities.
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