|Bid||18.86 x 1400|
|Ask||18.89 x 3100|
|Day's Range||18.58 - 19.04|
|52 Week Range||13.39 - 27.93|
|Beta (5Y Monthly)||0.74|
|PE Ratio (TTM)||494.21|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Inovalon Holdings Inc (NASDAQ:INOV) was trading 3.1% higher from the previous closing price. Teuber William J Jr filed a Form 4 with the SEC on Monday, November 2. The insider bought 10,000 shares at an average price of $19.48. After the transaction, the executive's stake in Inovalon Holdings Inc. moved to 144,247 shares.The Importance of Insider Transactions Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.Insiders buying stock after a notable sell off can indicate an insider's long-term belief in the success of the company; insiders buying stock at new highs can be an indication the exec doesn't feel the stock is overvalued. Conversely, insiders who are selling stock at new lows can potentially indicate some kind of capitulation moment. Insiders selling at new highs can indicate that exec wants to "take some profit" and "lock in a gain."Transaction Codes To Focus On Investors prefer focusing on transactions which take place in the open market, indicated in the Form 4 with codes P for purchase and S for sale. If the transaction was an open-market transaction, that means that the insider made a concious decision for the company's stock moving forward.Transaction codes other than P or S are often viewed with less conviction as they are often not tied to a decision by the exec. As an example, transaction code C indicates the conversion of an option. Transaction code A indicates the insider may have been forced to sell shares in order to receive compensation the exec was promised upon being hired by a company. See more from Benzinga * Click here for options trades from Benzinga * 12 Healthcare Stocks Moving In Thursday's Intraday Session * Earnings Scheduled For October 28, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Inovalon Holdings, Inc. (NASDAQ:INOV) missed earnings with its latest quarterly results, disappointing...
Inovalon Holdings (INOV) delivered earnings and revenue surprises of 0.00% and -9.98%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?