Inovalon Holdings, Inc.
|Company Name||Inovalon Holdings, Inc.|
The Firm announces an investigation on behalf of Inovalon Holdings, Inc. (“Inovalon” or the “Company”) (NASDAQ: INOV) investors concerning the Company and its officers’ possible violations of federal securities laws.
On December 12, 2016 Inovalon disclosed that it had failed to close a major transaction worth over $40 million, and as a result Inovalon had revised its full year 2016 guidance to $426 million in revenue down from $490 million at the high end. Following this news Piper Jaffray analyst expressed concern that “lack of adequate disclosure” is a core problem for Inovalon.
On this news, shares of Inovalon fell over 36% during intraday trading on December 13, 2016.
If you purchased Inovalon securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224 or by email to firstname.lastname@example.org. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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