Innodata (NASDAQ:INOD) Director Louise Forlenza Sells 5,000 Shares

Innodata Inc. (NASDAQ:INOD) Director Louise Forlenza sold 5,000 shares of Innodata stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $86.10, for a total value of $430,500.00. Following the completion of the transaction, the director owned 3,943 shares in the company, valued at $339,492.30. The trade was a 55.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Innodata Stock Up 7.4%

Shares of INOD stock traded up $6.52 on Wednesday, reaching $94.71. 1,921,092 shares of the company’s stock traded hands, 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 company has a debt-to-equity ratio of 0.07, a quick ratio of 2.49 and a current ratio of 2.49. The company has a market capitalization of $3.09 billion, a P/E ratio of 85.32 and a beta of 2.40. The business’s 50 day moving average price is $51.30 and its two-hundred day moving average price is $53.43.

Innodata (NASDAQ:INOD) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating 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 return on equity of 37.49% and a net margin of 13.86%.The business’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 earnings per share. On average, equities analysts forecast that Innodata Inc. will post 0.99 earnings per share for the current year.

Institutional Trading of Innodata

Institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in Innodata during the 4th quarter valued at approximately $26,000. IFP Advisors Inc raised its holdings in Innodata by 1,567.5% during the third quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock worth $51,000 after purchasing an additional 627 shares in the last quarter. Goodman Advisory Group LLC acquired a new position in shares of Innodata in the 3rd quarter valued at $52,000. Hollencrest Capital Management purchased a new stake in shares of Innodata during the 3rd quarter worth $60,000. Finally, Bessemer Group Inc. purchased a new stake in shares of Innodata in the 3rd quarter worth about $62,000. 30.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on INOD. Weiss Ratings lowered Innodata from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. BWS Financial restated a “top pick” rating and issued a $110.00 target price on shares of Innodata in a report on Friday, April 10th. Wall Street Zen upgraded shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Wedbush boosted their price objective on shares of Innodata from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.00.

About Innodata

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.