IntraLinks Holdings Inc. (IL) Stock Price Down 3.4%
IntraLinks Holdings Inc. (NYSE:IL)’s share price dropped 3.4% during mid-day trading on Monday . The company traded as low as $6.76 and last traded at $6.78, with a volume of 84,416 shares. The stock had previously closed at $7.02.
IL has been the topic of a number of analyst reports. Zacks Investment Research raised shares of IntraLinks Holdings from a “hold” rating to a “strong-buy” rating and set a $8.75 price objective on the stock in a report on Friday, May 6th. B. Riley reiterated a “buy” rating and set a $14.25 target price on shares of IntraLinks Holdings in a research note on Monday, May 9th. Finally, Craig Hallum cut IntraLinks Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th.
The firm’s market cap is $388.84 million. The company has a 50 day moving average price of $7.00 and a 200-day moving average price of $7.68.
An institutional investor recently raised its position in IntraLinks Holdings stock. Dimensional Fund Advisors LP raised its position in IntraLinks Holdings Inc. (NYSE:IL) by 6.3% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,845,861 shares of the company’s stock after buying an additional 109,592 shares during the period. Dimensional Fund Advisors LP owned approximately 3.20% of IntraLinks Holdings worth $16,742,000 at the end of the most recent quarter.
Intralinks Holdings, Inc is a technology provider of software-as-a-service (SaaS) solutions for secure enterprise content collaboration within and among organizations. The Company’s cloud-based solutions enable organizations to manage, control, track, search, exchange and collaborate on sensitive information inside and outside the firewall.
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