Brevan Howard Capital Management LP Invests $759,000 in Innodata Inc. (NASDAQ:INOD)

Brevan Howard Capital Management LP purchased a new position in Innodata Inc. (NASDAQ:INOD) in the fourth quarter, HoldingsChannel reports. The fund purchased 19,201 shares of the technology company’s stock, valued at approximately $759,000.

Several other hedge funds also recently made changes to their positions in INOD. Allworth Financial LP bought a new position in shares of Innodata during the fourth quarter valued at approximately $29,000. USA Financial Formulas purchased a new stake in shares of Innodata during the fourth quarter valued at $36,000. Meeder Asset Management Inc. purchased a new position in shares of Innodata during the fourth quarter valued at approximately $36,000. AlphaQuest LLC boosted its stake in shares of Innodata by 79.4% in the 4th quarter. AlphaQuest LLC now owns 1,030 shares of the technology company’s stock worth $41,000 after buying an additional 456 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Innodata in the 4th quarter worth approximately $150,000. 30.75% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Marissa B. Espineli sold 30,000 shares of Innodata stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $65.09, for a total value of $1,952,700.00. Following the transaction, the chief financial officer now owns 18,000 shares of the company’s stock, valued at $1,171,620. The trade was a 62.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nauman Sabeeh Toor sold 196,777 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $64.40, for a total transaction of $12,672,438.80. Following the sale, the director now directly owns 12,417 shares of the company’s stock, valued at $799,654.80. The trade was a 94.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 275,427 shares of company stock worth $17,790,794. Corporate insiders own 15.23% of the company’s stock.

Innodata Stock Up 11.8 %

Shares of INOD opened at $41.11 on Friday. Innodata Inc. has a 52-week low of $9.51 and a 52-week high of $71.00. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $39.06 and a 200 day moving average of $39.48. The company has a market cap of $1.31 billion, a PE ratio of 48.37 and a beta of 2.75.

Innodata (NASDAQ:INOD) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. Innodata had a return on equity of 66.36% and a net margin of 16.81%. The company’s revenue was up 120.1% on a year-over-year basis. On average, sell-side analysts expect that Innodata Inc. will post 0.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Maxim Group boosted their price target on Innodata from $54.00 to $75.00 and gave the company a “buy” rating in a report on Friday, February 21st. BWS Financial boosted their target price on Innodata from $45.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.00.

Innodata Profile

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.