Insider Buying: Inovalon Holdings, Inc. (INOV) CEO Buys $1,015,560.00 in Stock

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

Shares of Inovalon Holdings, Inc. (INOV) opened at 16.75 on Friday. Inovalon Holdings, Inc. has a 52 week low of $8.60 and a 52 week high of $17.80. The stock has a market capitalization of $2.44 billion, a P/E ratio of 140.76 and a beta of 1.17. The stock has a 50 day moving average price of $16.30 and a 200 day moving average price of $14.35.

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

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its stake in Inovalon Holdings by 319.9% during the 1st quarter. Bank of Montreal Can now owns 13,945 shares of the technology company’s stock valued at $176,000 after buying an additional 10,624 shares during the last quarter. Van Den Berg Management I Inc. raised its stake in Inovalon Holdings by 319.4% during the 1st quarter. Van Den Berg Management I Inc. now owns 167,305 shares of the technology company’s stock valued at $2,108,000 after buying an additional 127,412 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Inovalon Holdings during the 1st quarter valued at $932,000. Laurion Capital Management LP purchased a new stake in Inovalon Holdings during the 1st quarter valued at $785,000. Finally, Parametric Portfolio Associates LLC raised its stake in Inovalon Holdings by 2,014.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 1,161,768 shares of the technology company’s stock valued at $14,638,000 after buying an additional 1,106,827 shares during the last quarter. Institutional investors own 28.67% of the company’s stock.

Inovalon Holdings Company Profile

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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