Trexquant Investment LP Has $11.88 Million Stock Position in Innodata Inc. (NASDAQ:INOD)

Trexquant Investment LP lifted its stake in shares of Innodata Inc. (NASDAQ:INOD) by 222.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 300,488 shares of the technology company’s stock after buying an additional 207,409 shares during the period. Trexquant Investment LP owned about 1.04% of Innodata worth $11,875,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Innodata by 7.7% in the 4th quarter. Vanguard Group Inc. now owns 1,639,724 shares of the technology company’s stock worth $64,802,000 after purchasing an additional 117,000 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Innodata by 2.3% in the third quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company’s stock valued at $10,294,000 after buying an additional 13,609 shares during the period. State Street Corp raised its holdings in Innodata by 1.8% in the 3rd quarter. State Street Corp now owns 537,301 shares of the technology company’s stock valued at $9,011,000 after buying an additional 9,408 shares during the last quarter. JPMorgan Chase & Co. boosted its position in 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 buying an additional 293,687 shares during the period. Finally, Wellington Management Group LLP bought a new stake in Innodata during the 4th quarter worth approximately $11,283,000. 30.75% of the stock is currently owned by institutional investors.

Insider Transactions at Innodata

In other Innodata news, Director Nauman Sabeeh Toor sold 196,777 shares of the stock in a transaction that occurred 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 approximately $799,654.80. This represents a 94.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Marissa B. Espineli sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $65.09, for a total value of $1,952,700.00. Following the sale, the chief financial officer now owns 18,000 shares of the company’s stock, valued at approximately $1,171,620. This represents a 62.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 275,427 shares of company stock valued at $17,790,794 in the last 90 days. 15.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on INOD shares. BWS Financial lifted their price target on shares of Innodata from $45.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Chardan Capital reiterated a “buy” rating and issued a $45.00 price target on shares of Innodata in a research report on Friday, December 13th. Wedbush started coverage on Innodata in a research report on Thursday, December 19th. They set an “outperform” rating and a $48.00 price objective for the company. Finally, Maxim Group upped their target price on Innodata from $54.00 to $75.00 and gave the company a “buy” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.00.

Innodata Trading Up 3.6 %

NASDAQ INOD opened at $37.85 on Thursday. Innodata Inc. has a one year low of $5.46 and a one year high of $71.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84. The business has a 50 day simple moving average of $45.38 and a 200 day simple moving average of $35.96. The stock has a market capitalization of $1.18 billion, a P/E ratio of 44.53 and a beta of 2.59.

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

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.