Thursday, September 14, 2017 10:15 PM ET
Significant Insider Buying Reverses neutral Trend over Last 90 Days in Shares of Inovalon Holding (INOV)
One insider — Keith R Dunleavy, 10% Owner, Director and Officer — today, bought 62,000 shares of Inovalon Holding having a market value of approximately $1,015,675, as disclosed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.
The number of insider buy/sell trades at Inovalon Holding is less than that of the 155 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 265 buy/sell trades during this period for an average of 1.7 transactions per company. This trading also represents a lower number of shares per transaction. Within the peer group there were 575,292 shares purchased and 17,228,032 shares sold with company insiders selling 62,841 shares on average over this time period.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data sourced to compose and write this story.
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