Insider Selling: Innodata Inc. (NASDAQ:INOD) Director Sells 110,207 Shares of Stock

Innodata Inc. (NASDAQ:INOD) Director Nauman Sabeeh Toor sold 110,207 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $44.00, for a total value of $4,849,108.00. Following the transaction, the director now owns 209,194 shares of the company’s stock, valued at approximately $9,204,536. This trade represents a 34.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• 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 Stock Performance

NASDAQ INOD opened at $43.09 on Wednesday. The firm has a market capitalization of $1.25 billion, a P/E ratio of 73.04 and a beta of 2.55. 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’s fifty day moving average price is $33.62 and its two-hundred day moving average price is $22.41. Innodata Inc. has a 1 year low of $5.46 and a 1 year high of $55.17.

Institutional Investors Weigh In On Innodata

Institutional investors and hedge funds have recently modified their holdings of the company. nVerses Capital LLC bought a new position in Innodata during the second quarter worth about $27,000. Charles Schwab Investment Management Inc. lifted its position in shares of Innodata by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 76,954 shares of the technology company’s stock valued at $1,291,000 after buying an additional 1,843 shares during the last quarter. Compass Ion Advisors LLC increased its holdings in shares of Innodata by 5.6% during the 3rd quarter. Compass Ion Advisors LLC now owns 37,674 shares of the technology company’s stock worth $632,000 after acquiring an additional 2,011 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Innodata by 17.4% during the 3rd quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company’s stock worth $250,000 after acquiring an additional 2,207 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Innodata by 38.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,443 shares of the technology company’s stock valued at $225,000 after acquiring an additional 3,739 shares during the period. 30.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on INOD shares. Craig Hallum began coverage on Innodata in a research note on Tuesday, September 17th. They issued a “buy” rating and a $23.00 target price on the stock. StockNews.com upgraded shares of Innodata from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Chardan Capital reaffirmed a “buy” rating and issued a $45.00 target price on shares of Innodata in a research report on Friday, December 13th. Wedbush began coverage on shares of Innodata in a research report on Thursday, December 19th. They set an “outperform” rating and a $48.00 price target on the stock. Finally, BWS Financial raised their price objective on Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Innodata presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.20.

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.