Innodata Inc. (NASDAQ:INOD) COO Sells $3,262,244.34 in Stock

Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra sold 69,218 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $47.13, for a total transaction of $3,262,244.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, November 19th, Ashok Mishra sold 92,726 shares of Innodata stock. The shares were sold at an average price of $43.16, for a total transaction of $4,002,054.16.

Innodata Stock Performance

INOD opened at $44.77 on Friday. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 75.88 and a beta of 2.30. The business’s 50-day moving average price is $22.64 and its two-hundred day moving average price is $17.95. Innodata Inc. has a 1 year low of $5.46 and a 1 year high of $49.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. nVerses Capital LLC acquired a new position in Innodata during the 2nd quarter worth approximately $27,000. Point72 Asset Management L.P. bought a new stake in shares of Innodata in the third quarter worth $206,000. BNP Paribas Financial Markets grew its position in Innodata by 38.5% in the third quarter. BNP Paribas Financial Markets now owns 13,443 shares of the technology company’s stock valued at $225,000 after purchasing an additional 3,739 shares in the last quarter. Elkhorn Partners Limited Partnership acquired a new stake in Innodata in the 1st quarter valued at $94,000. Finally, Private Advisor Group LLC increased its stake in Innodata by 17.4% in the 3rd quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company’s stock valued at $250,000 after buying an additional 2,207 shares during the last quarter. 30.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on INOD. Craig Hallum began coverage on Innodata in a research note on Tuesday, September 17th. They set a “buy” rating and a $23.00 price objective on the stock. BWS Financial raised 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. Finally, StockNews.com upgraded Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.67.

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.