Intralinks Holdings Inc (IL) Insider Sells Over 2,000 Shares

Intralinks Holdings Inc (NYSE:IL) saw an insider lower his position in the company today. The President and Chief Executive Officer Ronald W. Hovsepian disposed of 2,456 shares of common stock at an average price of $8.2 per share. Following this move, Hovsepian holds a total of 562,064 shares directly. A $456.91 million market cap corporation, Intralinks Holdings Inc (NYSE:IL) is a global provider of Software-as-a-Service (SaaS) solutions for securely managing content, exchanging critical business information and collaborating within and among organizations. The Company’s cloud-based solutions enable organizations to control, track, search and exchange time-sensitive information inside and outside the firewall, all within a secure environment.
In addition, among the institutional investors involved in the company is Renassaince Technologies, the fund run by billionaire Jim Simons. After raising its holdings by 10% over the course of the last quarter, the fund now holds about 1.75 million shares worth approximately $15.6 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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