Insider Selling: Innodata Inc. (NASDAQ:INOD) COO Sells $3,165,655.50 in Stock

Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra sold 48,650 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $65.07, for a total transaction of $3,165,655.50. Following the sale, the chief operating officer now directly owns 60,000 shares in the company, valued at $3,904,200. The trade was a 44.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 shares were sold at an average price of $44.97, for a total transaction of $2,630,745.00.

Innodata Stock Up 0.2 %

INOD opened at $52.72 on Friday. The stock has a market cap of $1.53 billion, a PE ratio of 62.02 and a beta of 2.57. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15. Innodata Inc. has a 52 week low of $5.46 and a 52 week high of $71.00. The business’s fifty day simple moving average is $43.49 and its 200 day simple moving average is $31.64.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. boosted its position in Innodata by 1,718.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 944,611 shares of the technology company’s stock valued at $37,331,000 after buying an additional 892,663 shares during the period. Driehaus Capital Management LLC purchased a new stake in Innodata during the fourth quarter valued at about $16,713,000. JPMorgan Chase & Co. boosted its position in Innodata by 2,038.4% during the fourth quarter. JPMorgan Chase & Co. now owns 308,095 shares of the technology company’s stock valued at $12,176,000 after buying an additional 293,687 shares during the period. Wellington Management Group LLP purchased a new stake in Innodata during the fourth quarter valued at about $11,283,000. Finally, Ameriprise Financial Inc. boosted its position in Innodata by 322.9% during the fourth quarter. Ameriprise Financial Inc. now owns 318,096 shares of the technology company’s stock valued at $13,649,000 after buying an additional 242,871 shares during the period. Institutional investors own 30.75% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on INOD. 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 report on Friday, February 21st. Chardan Capital reaffirmed a “buy” rating and issued a $45.00 price target on shares of Innodata in a report on Friday, December 13th. StockNews.com raised shares of Innodata from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Wedbush began 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. Finally, BWS Financial upped 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. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

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.