Intellinetics, Inc. (OTCMKTS:INLX) Director John C. Guttilla Buys 3,500 Shares

Posted by Lisa Durand on Dec 11th, 2024

Intellinetics, Inc. (OTCMKTS:INLX – Get Free Report) Director John C. Guttilla purchased 3,500 shares of the stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $14.50 per share, with a total value of $50,750.00. Following the transaction, the director now owns 21,905 shares of the company’s stock, valued at $317,622.50. This trade represents a 19.02 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Intellinetics Price Performance

INLX stock opened at $13.99 on Wednesday. The stock has a 50-day moving average price of $13.83 and a two-hundred day moving average price of $10.20. Intellinetics, Inc. has a 12-month low of $3.76 and a 12-month high of $16.50. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. The company has a market cap of $59.19 million, a PE ratio of -155.44 and a beta of 0.39.

Institutional Investors Weigh In On Intellinetics

A hedge fund recently raised its stake in Intellinetics stock. Geode Capital Management LLC lifted its stake in Intellinetics, Inc. (OTCMKTS:INLX – Free Report) by 34.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,422 shares of the company’s stock after buying an additional 6,563 shares during the period. Geode Capital Management LLC owned approximately 0.60% of Intellinetics worth $285,000 as of its most recent SEC filing. 0.75% of the stock is owned by hedge funds and other institutional investors.

About Intellinetics

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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.