Innodata (NASDAQ:INOD) Director Sells $1,384,950.00 in Stock

Innodata Inc. (NASDAQ:INOD) Director Louise Forlenza sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $92.33, for a total transaction of $1,384,950.00. Following the completion of the transaction, the director owned 3,943 shares in the company, valued at $364,057.19. This trade represents a 79.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Innodata Price Performance

INOD traded up $6.52 on Wednesday, hitting $94.71. 1,921,092 shares of the stock were exchanged, compared to its average volume of 2,992,375. Innodata Inc. has a 12 month low of $33.77 and a 12 month high of $114.77. The business has a 50-day moving average of $51.30 and a two-hundred day moving average of $53.43. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 2.49. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 85.32 and a beta of 2.40.

Innodata (NASDAQ:INOD) last posted its earnings results on Thursday, May 7th. The technology company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.34. The firm had revenue of $90.10 million during the quarter, compared to analysts’ expectations of $76.47 million. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The business’s revenue for the quarter was up 54.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 earnings per share. Sell-side analysts forecast that Innodata Inc. will post 0.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on INOD shares. Weiss Ratings downgraded shares of Innodata from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. BWS Financial reissued a “top pick” rating and issued a $110.00 price target on shares of Innodata in a research report on Friday, April 10th. Wedbush lifted their price target on shares of Innodata from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Finally, Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Innodata currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

Institutional Trading of Innodata

Hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. acquired a new stake in Innodata in the 4th quarter valued at $26,000. IFP Advisors Inc grew its position in Innodata by 1,567.5% in the 3rd quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock valued at $51,000 after purchasing an additional 627 shares during the period. Goodman Advisory Group LLC purchased a new position in Innodata during the 3rd quarter worth $52,000. Hollencrest Capital Management purchased a new position in Innodata during the 3rd quarter worth $60,000. Finally, Bessemer Group Inc. purchased a new position in Innodata during the 3rd quarter worth $62,000. Institutional investors and hedge funds own 30.75% of the company’s stock.

Innodata Company Profile

Innodata Inc (NASDAQ: INOD) is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata’s platform enables clients to convert unstructured text, images and multimedia into high?quality, machine?readable formats that support search, analytics and AI model training.

The firm’s offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.