Innodata Inc. (NASDAQ:INOD) Shares Sold by Compass Ion Advisors LLC

Compass Ion Advisors LLC decreased its stake in shares of Innodata Inc. (NASDAQ:INOD) by 34.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,674 shares of the technology company’s stock after selling 13,000 shares during the quarter. Compass Ion Advisors LLC’s holdings in Innodata were worth $975,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Allworth Financial LP acquired a new stake in shares of Innodata during the 4th quarter worth $29,000. USA Financial Formulas acquired a new stake in Innodata during the fourth quarter worth about $36,000. AlphaQuest LLC raised 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 worth $41,000 after purchasing an additional 456 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Innodata in the 4th quarter valued at about $150,000. Finally, Spire Wealth Management purchased a new stake in shares of Innodata during the 4th quarter worth about $166,000. Hedge funds and other institutional investors own 30.75% of the company’s stock.

Wall Street Analyst Weigh In

INOD has been the topic of several research reports. Wedbush assumed coverage on shares of Innodata in a report on Thursday, December 19th. They issued an “outperform” rating and a $48.00 price target on the stock. BWS Financial lifted their target price on shares of Innodata from $45.00 to $74.00 and gave the company a “buy” rating in a report on Friday, February 21st. Maxim Group upped their price target on shares of Innodata from $54.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Chardan Capital reissued a “buy” rating and issued a $45.00 price objective on shares of Innodata in a research report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Innodata has a consensus rating of “Moderate Buy” and an average price target of $53.00.

Insider Buying and Selling at Innodata

In other news, CFO Marissa B. Espineli sold 30,000 shares of the business’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 value of $1,952,700.00. Following the completion of the sale, the chief financial officer now directly owns 18,000 shares in the company, valued at approximately $1,171,620. The trade was a 62.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $12,672,438.80. Following the transaction, the director now owns 12,417 shares in the company, valued at $799,654.80. This trade represents a 94.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 385,634 shares of company stock worth $22,639,902 in the last ninety days. 15.23% of the stock is owned by insiders.

Innodata Trading Down 9.9 %

Shares of INOD opened at $41.38 on Wednesday. Innodata Inc. has a one year low of $5.46 and a one year high of $71.00. The stock has a 50-day moving average price of $44.46 and a 200 day moving average price of $34.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $1.30 billion, a P/E ratio of 48.68 and a beta of 2.59.

Innodata (NASDAQ:INOD) last announced its earnings results on Thursday, February 20th. The technology company reported $0.31 earnings per share (EPS) 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. Sell-side analysts forecast that Innodata Inc. will post 0.81 EPS for the current fiscal year.

Innodata 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.