Louise Forlenza Sells 18,000 Shares of Innodata (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) Director Louise Forlenza sold 18,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $94.47, for a total transaction of $1,700,460.00. Following the sale, the director directly owned 3,943 shares in the company, valued at $372,495.21. The trade was a 82.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Innodata Stock Up 4.0%

Shares of NASDAQ:INOD traded up $3.82 on Thursday, hitting $98.53. 1,821,718 shares of the company traded hands, compared to its average volume of 1,580,590. Innodata Inc. has a 52 week low of $33.77 and a 52 week high of $114.77. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.07. The stock has a 50 day simple moving average of $51.30 and a 200-day simple moving average of $53.43. The company has a market cap of $3.22 billion, a PE ratio of 88.77 and a beta of 2.40.

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

Analyst Upgrades and Downgrades

INOD has been the topic of several research reports. Wedbush raised their target price on shares of Innodata from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Weiss Ratings cut Innodata from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. BWS Financial reiterated a “top pick” rating and set a $110.00 price objective on shares of Innodata in a research report on Friday, April 10th. Finally, Wall Street Zen raised Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $105.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Innodata during the 4th quarter worth $26,000. Farther Finance Advisors LLC raised its holdings in Innodata by 506.0% in the 4th quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock worth $41,000 after purchasing an additional 673 shares during the period. Fifth Third Bancorp bought a new position in Innodata in the 1st quarter worth $45,000. IFP Advisors Inc lifted its position in Innodata by 1,567.5% during the third quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock valued at $51,000 after purchasing an additional 627 shares in the last quarter. Finally, Leonteq Securities AG purchased a new position in Innodata during the fourth quarter valued at $51,000. 30.75% of the stock is currently owned by institutional investors.

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.