Insider Selling: Innodata (NASDAQ:INOD) Director Sells 10,000 Shares of Stock

Innodata Inc. (NASDAQ:INOD) Director Stewart Massey sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $96.00, for a total transaction of $960,000.00. Following the sale, the director directly owned 11,000 shares in the company, valued at $1,056,000. The trade was a 47.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Innodata Trading Down 1.4%

INOD traded down $1.38 during trading on Monday, reaching $94.72. 2,105,678 shares of the company’s stock were exchanged, compared to its average volume of 1,572,309. Innodata Inc. has a one year low of $33.77 and a one year high of $114.77. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $3.09 billion, a PE ratio of 85.33 and a beta of 2.40. The firm has a fifty day moving average price of $48.45 and a two-hundred day moving average price of $53.09.

Innodata (NASDAQ:INOD) last posted its earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $76.47 million. During the same period in the previous year, the firm posted $0.22 EPS. The company’s revenue for the quarter was up 54.5% compared to the same quarter last year. As a group, equities research analysts forecast that Innodata Inc. will post 0.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Innodata

A number of institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Innodata during the 3rd quarter valued at $4,876,000. RFG Advisory LLC acquired a new position in shares of Innodata during the 4th quarter valued at $5,750,000. WINTON GROUP Ltd acquired a new position in shares of Innodata during the 3rd quarter valued at $1,834,000. Penserra Capital Management LLC acquired a new position in shares of Innodata during the 3rd quarter valued at $3,877,000. Finally, UBS Group AG lifted its position in shares of Innodata by 37.1% during the 4th quarter. UBS Group AG now owns 350,928 shares of the technology company’s stock valued at $17,880,000 after acquiring an additional 95,002 shares during the period. 30.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on INOD. Wedbush upped their price objective on shares of Innodata from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday. Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. BWS Financial reaffirmed a “top pick” rating and issued a $110.00 price objective on shares of Innodata in a research note on Friday, April 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Innodata in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.00.

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.