Cannell Capital buys $15.7 Million stake in Intralinks Holdings Inc (IL)

Intralinks Holdings Inc (IL) : Cannell Capital scooped up 160,844 additional shares in Intralinks Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,067,940 shares of Intralinks Holdings Inc which is valued at $15.7 Million.Intralinks Holdings Inc makes up approximately 6.41% of Cannell Capital’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in IL in the latest quarter, The investment management firm added 19,093 additional shares and now holds a total of 273,551 shares of Intralinks Holdings Inc which is valued at $2.1 Million.Picton Mahoney Asset Management reduced its stake in IL by selling 9,061 shares or 1.46% in the most recent quarter. The Hedge Fund company now holds 611,696 shares of IL which is valued at $4.6 Million. Intralinks Holdings Inc makes up approx 0.32% of Picton Mahoney Asset Management’s portfolio.Blackrock Group Ltd reduced its stake in IL by selling 18,788 shares or 32.7% in the most recent quarter. The Hedge Fund company now holds 38,662 shares of IL which is valued at $293,831.

Intralinks Holdings Inc closed down -0.1 points or -1.29% at $7.63 with 1,47,478 shares getting traded on Wednesday. Post opening the session at $7.75, the shares hit an intraday low of $7.61 and an intraday high of $7.78 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Intralinks Holdings Inc reported $-0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.02. The company had revenue of $70.70 million for the quarter, compared to analysts expectations of $69.88 million. The company’s revenue was up 6.6% compared to the same quarter last year.

Many Wall Street Analysts have commented on Intralinks Holdings Inc. Intralinks Holdings Inc was Downgraded by Craig Hallum to ” Hold” on May 4, 2016.

Intralinks Holdings Inc. is a global 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 and exchange time-sensitive information inside and outside the firewall all within a secure and easy-to-use environment. The Company delivers its solutions through a cloud-based model making them available on-demand over the Internet using a multi-tenant SaaS architecture in which a single instance of its software serves all the customers. The Company serves enterprises and governmental agencies in approximately 94 countries across a range of industries including financial services pharmaceutical manufacturing biotechnology consumer energy telecommunications industrial legal professional services insurance and technology.

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