Intellinetics (NYSEAMERICAN:INLX) Major Shareholder Robert Taglich Sells 3,754 Shares

Intellinetics, Inc. (NYSEAMERICAN:INLX) major shareholder Robert Taglich sold 3,754 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $6.58, for a total value of $24,701.32. Following the sale, the insider directly owned 454,888 shares of the company’s stock, valued at $2,993,163.04. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Robert Taglich also recently made the following trade(s):

• On Wednesday, June 17th, Robert Taglich sold 550 shares of Intellinetics stock. The stock was sold at an average price of $6.50, for a total value of $3,575.00.

Intellinetics Stock Down 9.8%

INLX stock opened at $5.87 on Friday. The stock has a market cap of $26.36 million, a P/E ratio of -11.08 and a beta of 0.16. The company has a current ratio of 0.90, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $6.77 and its two-hundred day simple moving average is $7.52. Intellinetics, Inc. has a 1-year low of $5.25 and a 1-year high of $14.57.

Intellinetics (NYSEAMERICAN:INLX) last announced its earnings results on Thursday, May 14th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.22). The business had revenue of $3.91 million for the quarter, compared to analysts’ expectations of $4.55 million. Intellinetics had a negative net margin of 14.31% and a negative return on equity of 16.89%.

Institutional Trading of Intellinetics

An institutional investor recently raised its stake in Intellinetics stock. Bard Associates Inc. raised its stake in Intellinetics, Inc. (NYSEAMERICAN:INLX) by 51.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 332,447 shares of the company’s stock after acquiring an additional 112,778 shares during the quarter. Bard Associates Inc. owned approximately 7.42% of Intellinetics worth $2,652,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.75% of the company’s stock.

Intellinetics Company Profile

Intellinetics, Inc is a provider of enterprise content management and digital transformation solutions designed to help organizations streamline document-centric processes and improve operational efficiency. The company’s platform enables clients to capture, store, manage and retrieve both paper and electronic records through a unified system, reducing reliance on manual workflows and minimizing the risks associated with paper-based information handling.

The company offers a range of software products and professional services aimed at automating business processes and ensuring secure, compliant access to critical data.