Robert Taglich Sells 35,732 Shares of Intellinetics (OTCMKTS:INLX) Stock

Intellinetics, Inc. (OTCMKTS:INLX) major shareholder Robert Taglich sold 35,732 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $11.00, for a total transaction of $393,052.00. Following the completion of the sale, the insider owned 458,642 shares of the company’s stock, valued at approximately $5,045,062. This trade represents a 7.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Intellinetics Stock Up 6.8%

Shares of OTCMKTS:INLX opened at $11.75 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.91. The company has a market cap of $52.63 million, a PE ratio of 78.34 and a beta of 0.20. Intellinetics, Inc. has a 52 week low of $8.74 and a 52 week high of $16.50. The firm has a 50 day simple moving average of $11.12 and a 200 day simple moving average of $12.30.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Intellinetics to a “hold” rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Intellinetics has an average rating of “Hold”.

About Intellinetics

Intellinetics, Inc designs, develops, tests, markets, and licenses document services and software solutions in the United States. The company operates in two segments, Document Management and Document Conversion. Its software platform allows its customers to capture and manage documents across operations, such as scanned hard-copy documents and digital documents, including Microsoft Office 365, digital images, audio, videos, and emails.