Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra Sells 48,650 Shares

Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra sold 48,650 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $65.07, for a total value of $3,165,655.50. Following the completion of the transaction, the chief operating officer now directly owns 60,000 shares of the company’s stock, valued at approximately $3,904,200. This trade represents a 44.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ashok Mishra also recently made the following trade(s):

• On Wednesday, December 4th, Ashok Mishra sold 58,500 shares of Innodata stock. The stock was sold at an average price of $44.97, for a total value of $2,630,745.00.

Innodata Stock Performance

NASDAQ:INOD opened at $52.62 on Friday. Innodata Inc. has a twelve month low of $5.46 and a twelve month high of $71.00. The firm’s fifty day simple moving average is $43.30 and its 200 day simple moving average is $31.29. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15. The firm 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 announced its quarterly earnings data on Thursday, February 20th. The technology company reported $0.31 earnings per share for the quarter, topping 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 company had revenue of $59.18 million during the quarter, compared to analyst estimates of $53.01 million. As a group, equities research analysts expect that Innodata Inc. will post 0.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Innodata

A number of hedge funds have recently made changes to their positions in the business. Allworth Financial LP bought a new position in shares of Innodata in the fourth quarter valued at approximately $29,000. USA Financial Formulas acquired a new stake in shares of Innodata during the fourth quarter worth $36,000. Meeder Asset Management Inc. purchased a new stake in Innodata during the fourth quarter valued at about $36,000. AlphaQuest LLC boosted its stake in 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. Finally, SBI Securities Co. Ltd. acquired a new position in Innodata during the fourth quarter valued at $150,000. 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.