Innodata Inc. (NASDAQ:INOD) CFO Marissa B. Espineli Sells 30,000 Shares

Innodata Inc. (NASDAQ:INOD) CFO Marissa B. Espineli sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $65.09, for a total transaction of $1,952,700.00. Following the sale, the chief financial officer now owns 18,000 shares in the company, valued at approximately $1,171,620. The trade was a 62.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Innodata Trading Down 18.0 %

NASDAQ:INOD traded down $11.55 during midday trading on Thursday, hitting $52.62. The stock had a trading volume of 3,678,198 shares, compared to its average volume of 2,143,929. Innodata Inc. has a one year low of $5.46 and a one year 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 stock has a 50-day moving average of $43.04 and a 200 day moving average of $31.14. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 61.91 and a beta of 2.57.

Innodata (NASDAQ:INOD) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.11 by $0.20. Innodata had a net margin of 16.81% and a return on equity of 66.36%. The business had revenue of $59.18 million during the quarter, compared to analyst estimates of $53.01 million. As a group, sell-side analysts forecast that Innodata Inc. will post 0.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on INOD. Chardan Capital reissued a “buy” rating and issued a $45.00 price objective on shares of Innodata in a research note on Friday, December 13th. Wedbush initiated coverage on Innodata in a research note on Thursday, December 19th. They issued an “outperform” rating and a $48.00 price target for the company. BWS Financial lifted their price objective on shares of Innodata from $45.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Maxim Group boosted their target price on Innodata from $54.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, StockNews.com raised shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Invesco Ltd. boosted its position in Innodata by 2.0% in the fourth quarter. Invesco Ltd. now owns 11,781 shares of the technology company’s stock valued at $466,000 after buying an additional 232 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Innodata by 2.7% during the 4th quarter. NewEdge Advisors LLC now owns 11,300 shares of the technology company’s stock valued at $447,000 after acquiring an additional 300 shares during the period. AlphaQuest LLC boosted its holdings in shares of Innodata by 79.4% in the 4th quarter. AlphaQuest LLC now owns 1,030 shares of the technology company’s stock valued at $41,000 after acquiring an additional 456 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Innodata by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,374 shares of the technology company’s stock worth $608,000 after acquiring an additional 533 shares during the period. Finally, Allworth Financial LP purchased a new position in shares of Innodata during the fourth quarter worth $29,000. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

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.