Innodata (NASDAQ:INOD) CFO Sells $2,082,341.96 in Stock

Innodata Inc. (NASDAQ:INOD) CFO Marissa Espineli sold 19,667 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $105.88, for a total transaction of $2,082,341.96. Following the completion of the transaction, the chief financial officer directly owned 28,014 shares of the company’s stock, valued at approximately $2,966,122.32. The trade was a 41.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Innodata Stock Performance

NASDAQ:INOD opened at $108.27 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 2.49. The firm has a 50-day moving average of $62.81 and a two-hundred day moving average of $55.98. The stock has a market cap of $3.54 billion, a P/E ratio of 97.54 and a beta of 2.83. Innodata Inc. has a 1-year low of $34.23 and a 1-year high of $118.45.

Innodata (NASDAQ:INOD) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.34. The company had revenue of $90.10 million during the quarter, compared to analysts’ expectations of $76.47 million. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The firm’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 EPS. On average, research analysts expect that Innodata Inc. will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. acquired a new position in Innodata in the fourth quarter worth approximately $26,000. IFP Advisors Inc grew its position in Innodata by 1,567.5% in the third quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock worth $51,000 after buying an additional 627 shares during the last quarter. Goodman Advisory Group LLC acquired a new position in Innodata in the third quarter worth approximately $52,000. Bessemer Group Inc. acquired a new position in Innodata in the 3rd quarter worth approximately $62,000. Finally, Farther Finance Advisors LLC boosted its stake in Innodata by 506.0% in the 4th quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock worth $41,000 after purchasing an additional 673 shares during the period. Institutional investors and hedge funds own 30.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. BWS Financial reaffirmed a “top pick” rating and set a $110.00 price target on shares of Innodata in a research report on Friday, April 10th. Wedbush raised their target price on shares of Innodata from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Weiss Ratings cut shares of Innodata from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Finally, Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Innodata presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

About Innodata

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.