Innodata Inc. (NASDAQ:INOD) Director Sells $2,027,500.00 in Stock

Innodata Inc. (NASDAQ:INOD) Director Stewart R. Massey sold 50,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $40.55, for a total value of $2,027,500.00. Following the completion of the sale, the director now owns 25,262 shares in the company, valued at approximately $1,024,374.10. The trade was a 66.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Innodata Stock Down 6.2 %

NASDAQ:INOD opened at $36.75 on Friday. 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 company has a 50-day moving average of $19.84 and a 200 day moving average of $16.68. The firm has a market cap of $1.07 billion, a PE ratio of 62.29 and a beta of 2.30.

Wall Street Analyst Weigh In

Several research analysts recently commented on INOD shares. StockNews.com raised shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday. BWS Financial raised their target price on shares of Innodata from $30.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Craig Hallum began coverage on shares of Innodata in a research note on Tuesday, September 17th. They set 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Innodata has an average rating of “Moderate Buy” and a consensus target price of $32.67.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Innodata by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 1,460,430 shares of the technology company’s stock worth $9,639,000 after purchasing an additional 28,173 shares in the last quarter. Rathbones Group PLC purchased a new stake in Innodata in the second quarter valued at about $916,000. Price T Rowe Associates Inc. MD boosted its holdings in Innodata by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company’s stock worth $102,000 after acquiring an additional 982 shares in the last quarter. Deerfield Management Company L.P. Series C grew its stake 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. Finally, BNP Paribas Financial Markets increased its holdings in shares of Innodata by 11.2% during the first quarter. BNP Paribas Financial Markets now owns 22,208 shares of the technology company’s stock valued at $147,000 after acquiring an additional 2,230 shares in the last quarter. 30.75% of the stock is owned by 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.