The SVP and Controller (CAO) of IAC/InterActiveCorp (NASDAQ: IAC) is Buying Shares

Today, the SVP and Controller (CAO) of IAC/InterActiveCorp (IACResearch Report), Michael Schwerdtman, bought shares of IAC for $1.45M.

This recent transaction increases Michael Schwerdtman’s holding in the company by 1274.64% to a total of $360.4K. Following Michael Schwerdtman’s last IAC Buy transaction on February 19, 2019, the stock climbed by 27.1%.

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Based on IAC/InterActiveCorp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.19 billion and quarterly net profit of $113 million. In comparison, last year the company earned revenue of $1.06 billion and had a net profit of $218 million. The company has a one-year high of $268.72 and a one-year low of $158.29. Currently, IAC/InterActiveCorp has an average volume of 728.01K.

Starting in May 2019, IAC received 17 Buy ratings in a row. 14 different firms, including Barclays and BMO Capital, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $4.79M worth of IAC shares and purchased $1.45M worth of IAC shares.

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IAC/InterActiveCorp. engages in the provision of media and Internet services. It operates through the following business segments: Match Group, ANGI Homeservices, Vimeo, Dotdash, Applications and Emerging & Other. The Match Group segment provides dating products, operating a portfolio of several brands, including Match, Tinder, PlentyOfFish, and OkCupid.