Jack Abuhoff Sells 187,099 Shares of Innodata Inc. (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 187,099 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $46.07, for a total transaction of $8,619,650.93. Following the transaction, the chief executive officer now directly owns 1,188,358 shares in the company, valued at approximately $54,747,653.06. The trade was a 13.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jack Abuhoff also recently made the following trade(s):

• On Thursday, November 21st, Jack Abuhoff sold 225,000 shares of Innodata stock. The stock was sold at an average price of $46.38, for a total transaction of $10,435,500.00.

Innodata Stock Up 1.4 %

INOD stock opened at $45.39 on Tuesday. 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 1-year low of $5.46 and a 1-year high of $49.72. The firm has a fifty day moving average price of $23.83 and a two-hundred day moving average price of $18.58. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 76.93 and a beta of 2.30.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on INOD shares. StockNews.com upgraded shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. BWS Financial lifted their price target on shares of Innodata from $30.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Craig Hallum started coverage on shares of Innodata in a research note on Tuesday, September 17th. They issued a “buy” rating and a $23.00 price target for the company. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.67.

Institutional Trading of Innodata

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Innodata by 2.0% during the first quarter. Vanguard Group Inc. now owns 1,460,430 shares of the technology company’s stock worth $9,639,000 after acquiring an additional 28,173 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Innodata during the first quarter worth about $8,142,000. Geode Capital Management LLC grew its position in shares of Innodata by 2.3% during the third quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company’s stock worth $10,294,000 after acquiring an additional 13,609 shares during the last quarter. State Street Corp grew its position in shares of Innodata by 1.8% during the third quarter. State Street Corp now owns 537,301 shares of the technology company’s stock worth $9,011,000 after acquiring an additional 9,408 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C grew its position in shares of Innodata by 309.5% during the second quarter. Deerfield Management Company L.P. Series C now owns 111,814 shares of the technology company’s stock worth $1,658,000 after acquiring an additional 84,509 shares during the last quarter. Institutional investors own 30.75% of the company’s stock.

About Innodata

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.