Insider Buying: InnerWorkings, Inc. (INWK) EVP Purchases 10,000 Shares of Stock
InnerWorkings, Inc. (NASDAQ:INWK) EVP Oren B. Azar purchased 10,000 shares of the stock in a transaction dated Monday, March 11th. The shares were acquired at an average cost of $3.90 per share, for a total transaction of $39,000.00. Following the completion of the acquisition, the executive vice president now directly owns 27,402 shares of the company’s stock, valued at approximately $106,867.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
NASDAQ:INWK traded up $0.20 during mid-day trading on Friday, reaching $4.04. 4,813 shares of the stock were exchanged, compared to its average volume of 212,595. The firm has a market cap of $198.84 million, a P/E ratio of -51.63 and a beta of 1.65. InnerWorkings, Inc. has a 1-year low of $3.12 and a 1-year high of $10.39. The company has a quick ratio of 1.37, a current ratio of 1.60 and a debt-to-equity ratio of 0.86.
InnerWorkings (NASDAQ:INWK) last released its earnings results on Tuesday, March 5th. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.25). InnerWorkings had a negative return on equity of 1.64% and a negative net margin of 6.79%. Sell-side analysts expect that InnerWorkings, Inc. will post 0.21 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. grew its holdings in InnerWorkings by 38.9% during the fourth quarter. Macquarie Group Ltd. now owns 7,140 shares of the business services provider’s stock worth $27,000 after acquiring an additional 2,000 shares during the period. Bank of Montreal Can grew its holdings in InnerWorkings by 2,918.9% during the fourth quarter. Bank of Montreal Can now owns 8,936 shares of the business services provider’s stock worth $33,000 after acquiring an additional 8,640 shares during the period. Mackay Shields LLC acquired a new position in InnerWorkings during the fourth quarter worth about $48,000. SG Americas Securities LLC acquired a new position in InnerWorkings during the fourth quarter worth about $49,000. Finally, Jane Street Group LLC acquired a new position in InnerWorkings during the fourth quarter worth about $49,000. 79.20% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: This news story was first posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/insider-buying-innerworkings-inc-inwk-evp-purchases-10000-shares-of-stock/2892446.html.
InnerWorkings, Inc provides marketing execution solutions in North America and internationally. The company's software applications and databases create an integrated solution that stores, analyzes, and tracks the production capabilities of its supplier network, as well as detailed pricing data.
Read More: Book Value Per Share – BVPS
Receive News & Ratings for InnerWorkings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InnerWorkings and related companies with MarketBeat.com's FREE daily email newsletter.