Ashok Mishra Sells 92,726 Shares of Innodata Inc. (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra sold 92,726 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $43.16, for a total value of $4,002,054.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Innodata Price Performance

NASDAQ INOD opened at $44.68 on Wednesday. Innodata Inc. has a one year low of $5.46 and a one year high of $49.72. The stock has a 50-day moving average of $20.84 and a 200 day moving average of $17.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 75.73 and a beta of 2.30.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BWS Financial lifted their price target on Innodata from $30.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. StockNews.com upgraded shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Craig Hallum started coverage on shares of Innodata in a report on Tuesday, September 17th. They set a “buy” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.67.

Institutional Trading of Innodata

A number of large investors have recently made changes to their positions in INOD. nVerses Capital LLC purchased a new stake in Innodata in the second quarter worth approximately $27,000. Point72 Asset Management L.P. purchased a new position in shares of Innodata in the 3rd quarter worth $206,000. BNP Paribas Financial Markets boosted its stake in shares of Innodata by 38.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,443 shares of the technology company’s stock worth $225,000 after buying an additional 3,739 shares during the last quarter. Elkhorn Partners Limited Partnership bought a new stake in shares of Innodata in the first quarter worth $94,000. Finally, Private Advisor Group LLC increased its position in Innodata by 17.4% during the third quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company’s stock valued at $250,000 after acquiring an additional 2,207 shares during the last quarter. 30.75% of the stock is currently owned by institutional investors.

About Innodata

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.