Innodata (NASDAQ:INOD) COO Sells $4,421,070.44 in Stock

Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra sold 38,666 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer directly owned 83,179 shares in the company, valued at $9,510,686.86. This trade represents a 31.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ashok Mishra also recently made the following trade(s):

• On Tuesday, May 12th, Ashok Mishra sold 242,901 shares of Innodata stock. The shares were sold at an average price of $90.15, for a total value of $21,897,525.15.

Innodata Stock Down 16.1%

NASDAQ INOD opened at $101.97 on Friday. 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 stock has a market capitalization of $3.33 billion, a PE ratio of 91.86 and a beta of 2.83. Innodata Inc. has a 1 year low of $34.23 and a 1 year high of $125.14. The business’s 50-day moving average is $65.52 and its 200 day moving average is $56.75.

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

Wall Street Analysts Forecast Growth

INOD has been the subject of several research analyst reports. Wall Street Zen upgraded Innodata from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. BWS Financial reiterated a “top pick” rating and issued a $110.00 price objective on shares of Innodata in a report on Friday, April 10th. Wedbush increased their price objective on Innodata from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Weiss Ratings upgraded Innodata from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. One investment 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 stock. Based on data from MarketBeat, Innodata presently has a consensus rating of “Moderate Buy” and an average price target of $115.00.

Institutional Trading of Innodata

Several large investors have recently bought and sold shares of INOD. Northwestern Mutual Wealth Management Co. bought a new stake in Innodata during the 4th quarter valued at approximately $26,000. Farther Finance Advisors LLC boosted its position in Innodata by 506.0% during the 4th quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock valued at $41,000 after acquiring an additional 673 shares in the last quarter. Fifth Third Bancorp bought a new stake in Innodata during the 1st quarter valued at approximately $45,000. IFP Advisors Inc boosted its position in Innodata by 1,567.5% during the 3rd quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock valued at $51,000 after acquiring an additional 627 shares in the last quarter. Finally, Leonteq Securities AG bought a new stake in Innodata during the 4th quarter valued at approximately $51,000. 30.75% of the stock is owned by institutional investors.

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.