Insider Selling: Innodata Inc. (NASDAQ:INOD) Director Sells 196,777 Shares of Stock

Innodata Inc. (NASDAQ:INOD) Director Nauman Sabeeh Toor sold 196,777 shares of Innodata stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $64.40, for a total value of $12,672,438.80. Following the sale, the director now owns 12,417 shares in the company, valued at $799,654.80. This trade represents a 94.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Nauman Sabeeh Toor also recently made the following trade(s):

• On Friday, December 20th, Nauman Sabeeh Toor sold 110,207 shares of Innodata stock. The stock was sold at an average price of $44.00, for a total value of $4,849,108.00.
• On Wednesday, December 4th, Nauman Sabeeh Toor sold 200,000 shares of Innodata stock. The stock was sold at an average price of $45.37, for a total value of $9,074,000.00.

Innodata Price Performance

Shares of INOD opened at $52.72 on Friday. Innodata Inc. has a twelve month low of $5.46 and a twelve month high of $71.00. The stock’s 50 day moving average is $43.49 and its two-hundred day moving average is $31.53. The firm has a market capitalization of $1.53 billion, a PE ratio of 62.02 and a beta of 2.57. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15.

Innodata (NASDAQ:INOD) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $0.31 earnings per share for the quarter, beating 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 analyst estimates of $53.01 million. Research analysts anticipate that Innodata Inc. will post 0.81 earnings per share for the current year.

Wall Street Analyst Weigh In

INOD has been the topic of a number of research reports. StockNews.com raised Innodata from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. BWS Financial raised their price target on Innodata from $45.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Maxim Group raised their price target on Innodata from $54.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Wedbush initiated coverage on Innodata in a report on Thursday, December 19th. They set an “outperform” rating and a $48.00 price target on the stock. 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 equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Innodata currently has an average rating of “Moderate Buy” and a consensus target price of $53.00.

Institutional Investors Weigh In On Innodata

Several institutional investors have recently modified their holdings of INOD. D. E. Shaw & Co. Inc. boosted its stake in shares of Innodata by 1,718.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 944,611 shares of the technology company’s stock worth $37,331,000 after acquiring an additional 892,663 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Innodata during the 4th quarter worth approximately $16,713,000. JPMorgan Chase & Co. boosted its stake in shares of Innodata by 2,038.4% during the 4th quarter. JPMorgan Chase & Co. now owns 308,095 shares of the technology company’s stock worth $12,176,000 after acquiring an additional 293,687 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Innodata during the 4th quarter worth approximately $11,283,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Innodata by 322.9% during the 4th quarter. Ameriprise Financial Inc. now owns 318,096 shares of the technology company’s stock worth $13,649,000 after acquiring an additional 242,871 shares in the last quarter. Hedge funds and other 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.