Keith R. Dunleavy Buys 60,801 Shares of Inovalon Holdings Inc (INOV) Stock

Inovalon Holdings Inc (NASDAQ:INOV) CEO Keith R. Dunleavy purchased 60,801 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was bought at an average cost of $13.60 per share, for a total transaction of $826,893.60. Following the completion of the acquisition, the chief executive officer now directly owns 460,801 shares of the company’s stock, valued at $6,266,893.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of NASDAQ:INOV opened at $13.94 on Thursday. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 77.44, a price-to-earnings-growth ratio of 2.56 and a beta of 0.71. Inovalon Holdings Inc has a 1-year low of $9.19 and a 1-year high of $15.57. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.89 and a current ratio of 1.89.

Inovalon (NASDAQ:INOV) last issued its earnings results on Wednesday, May 1st. The technology company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.03. The company had revenue of $145.50 million for the quarter, compared to analysts’ expectations of $143.75 million. Inovalon had a negative net margin of 5.28% and a positive return on equity of 6.43%. The firm’s revenue was up 56.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) earnings per share. As a group, equities research analysts anticipate that Inovalon Holdings Inc will post 0.37 EPS for the current year.

INOV has been the topic of several recent analyst reports. SunTrust Banks initiated coverage on shares of Inovalon in a report on Friday, February 15th. They issued a “buy” rating and a $22.00 price target on the stock. ValuEngine cut shares of Inovalon from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. BidaskClub raised shares of Inovalon from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Finally, Zacks Investment Research raised shares of Inovalon from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Tuesday, May 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $15.50.

Several large investors have recently modified their holdings of INOV. FMR LLC raised its holdings in shares of Inovalon by 39.2% during the fourth quarter. FMR LLC now owns 6,701,752 shares of the technology company’s stock worth $95,031,000 after purchasing an additional 1,885,737 shares during the period. Cowen Prime Services LLC raised its holdings in shares of Inovalon by 169.4% during the first quarter. Cowen Prime Services LLC now owns 611,750 shares of the technology company’s stock worth $7,604,000 after purchasing an additional 384,650 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of Inovalon by 511.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 221,147 shares of the technology company’s stock worth $3,136,000 after purchasing an additional 184,987 shares during the period. Vanguard Group Inc raised its holdings in shares of Inovalon by 2.7% during the third quarter. Vanguard Group Inc now owns 5,983,030 shares of the technology company’s stock worth $60,129,000 after purchasing an additional 158,620 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Inovalon by 2.7% during the third quarter. Vanguard Group Inc. now owns 5,983,030 shares of the technology company’s stock worth $60,129,000 after purchasing an additional 158,620 shares during the period. 33.63% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Keith R. Dunleavy Buys 60,801 Shares of Inovalon Holdings Inc (INOV) Stock” was reported by WKRB News and is the sole property of of WKRB News. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.wkrb13.com/2019/05/16/keith-r-dunleavy-buys-60801-shares-of-inovalon-holdings-inc-inov-stock.html.

Inovalon Company Profile

Inovalon Holdings, Inc, a technology company, provides cloud-based platforms empowering data-driven healthcare. It operates the 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.

Featured Story: Do Tariffs Work?

Receive News & Ratings for Inovalon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inovalon and related companies with MarketBeat.com's FREE daily email newsletter.