Innodata Inc. (NASDAQ:INOD) Stock Position Decreased by Next Century Growth Investors LLC

Next Century Growth Investors LLC lowered its holdings in Innodata Inc. (NASDAQ:INOD) by 54.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 403,289 shares of the technology company’s stock after selling 491,135 shares during the period. Next Century Growth Investors LLC’s holdings in Innodata were worth $15,938,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in Innodata by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 76,954 shares of the technology company’s stock valued at $1,291,000 after buying an additional 1,843 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Innodata by 38.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,443 shares of the technology company’s stock worth $225,000 after acquiring an additional 3,739 shares during the period. Point72 Asset Management L.P. bought a new stake in Innodata in the 3rd quarter valued at about $206,000. State Street Corp boosted its stake in Innodata by 1.8% during the 3rd quarter. State Street Corp now owns 537,301 shares of the technology company’s stock valued at $9,011,000 after purchasing an additional 9,408 shares during the period. Finally, Barclays PLC grew its position in Innodata by 324.3% in the 3rd quarter. Barclays PLC now owns 38,557 shares of the technology company’s stock worth $647,000 after purchasing an additional 29,470 shares during the last quarter. Institutional investors own 30.75% of the company’s stock.

Innodata Price Performance

Shares of NASDAQ:INOD opened at $37.09 on Friday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 43.64 and a beta of 2.66. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84. Innodata Inc. has a 12 month low of $5.46 and a 12 month high of $71.00. The stock’s 50 day moving average price is $44.93 and its 200 day moving average price is $37.03.

Innodata (NASDAQ:INOD) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.20. Innodata had a return on equity of 66.36% and a net margin of 16.81%. The company had revenue of $59.18 million for the quarter, compared to the consensus estimate of $53.01 million. Equities research analysts anticipate that Innodata Inc. will post 0.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on INOD. BWS Financial lifted their price target on Innodata from $45.00 to $74.00 and gave the company a “buy” rating in a report on Friday, February 21st. Maxim Group lifted their target price on Innodata from $54.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Wedbush began coverage on Innodata in a research report on Thursday, December 19th. They set an “outperform” rating and a $48.00 price target for the company. Finally, Chardan Capital reissued a “buy” rating and set a $45.00 price target on shares of Innodata in a report on Friday, December 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

Insider Buying and Selling at Innodata

In other news, Director Nauman Sabeeh Toor sold 196,777 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $64.40, for a total transaction of $12,672,438.80. Following the completion of the sale, the director now directly owns 12,417 shares of the company’s stock, valued at $799,654.80. This trade represents a 94.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Ashok Mishra sold 48,650 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $65.07, for a total value of $3,165,655.50. Following the sale, the chief operating officer now directly owns 60,000 shares in the company, valued at $3,904,200. This trade represents a 44.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 275,427 shares of company stock valued at $17,790,794. 15.23% of the stock is owned by insiders.

Innodata Company 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.