Faithward Advisors LLC Buys Shares of 24,560 Innodata Inc. $INOD

Faithward Advisors LLC bought a new stake in shares of Innodata Inc. (NASDAQ:INOD) in the 4th quarter, Holdings Channel.com reports. The fund bought 24,560 shares of the technology company’s stock, valued at approximately $1,251,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Innodata by 0.8% in the third quarter. Vanguard Group Inc. now owns 1,840,491 shares of the technology company’s stock valued at $141,847,000 after buying an additional 15,036 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Innodata by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 752,795 shares of the technology company’s stock valued at $38,362,000 after buying an additional 2,407 shares during the last quarter. State Street Corp raised its position in shares of Innodata by 2.8% in the fourth quarter. State Street Corp now owns 711,180 shares of the technology company’s stock valued at $36,235,000 after buying an additional 19,484 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Innodata by 24.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 441,047 shares of the technology company’s stock valued at $22,473,000 after buying an additional 87,243 shares during the last quarter. Finally, Next Century Growth Investors LLC raised its position in shares of Innodata by 107.5% in the fourth quarter. Next Century Growth Investors LLC now owns 365,835 shares of the technology company’s stock valued at $18,639,000 after buying an additional 189,488 shares during the last quarter. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

Innodata Price Performance

Innodata stock opened at $99.66 on Tuesday. Innodata Inc. has a 1 year low of $34.23 and a 1 year high of $125.14. The firm has a 50 day moving average price of $73.08 and a 200 day moving average price of $58.73. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 89.78 and a beta of 2.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.49 and a current ratio of 2.49.

Innodata (NASDAQ:INOD) last released its earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.34. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The firm had revenue of $90.10 million during the quarter, compared to the consensus estimate of $76.47 million. During the same period in the previous year, the firm earned $0.22 earnings per share. Innodata’s revenue was up 54.5% compared to the same quarter last year. Sell-side analysts predict that Innodata Inc. will post 1.14 earnings per share for the current year.

Insider Activity at Innodata

In related news, COO Ashok Mishra sold 38,666 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $114.34, for a total value of $4,421,070.44. Following the completion of the sale, the chief operating officer directly owned 83,179 shares in the company, valued at approximately $9,510,686.86. The trade was a 31.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jack Abuhoff sold 105,586 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $103.50, for a total transaction of $10,928,151.00. Following the completion of the sale, the chief executive officer owned 1,340,456 shares of the company’s stock, valued at approximately $138,737,196. The trade was a 7.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,178,826 shares of company stock valued at $112,016,456 in the last ninety days. 11.80% of the stock is owned by company insiders.

Analyst Ratings Changes

INOD has been the subject of a number of analyst reports. Wedbush boosted their price objective on shares of Innodata from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. Weiss Ratings raised shares of Innodata from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. BWS Financial reissued a “buy” rating on shares of Innodata in a research report on Monday. Finally, Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Innodata has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Innodata Company Profile

Innodata Inc (NASDAQ: INOD) is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata’s platform enables clients to convert unstructured text, images and multimedia into high‐quality, machine‐readable formats that support search, analytics and AI model training.

The firm’s offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.