Innodata Inc. (NASDAQ:INOD) Director Louise C. Forlenza Sells 4,000 Shares of Stock

Innodata Inc. (NASDAQ:INOD) Director Louise C. Forlenza sold 4,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $45.10, for a total value of $180,400.00. Following the completion of the sale, the director now owns 8,278 shares of the company’s stock, valued at $373,337.80. The trade was a 32.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Innodata Stock Up 1.4 %

Shares of Innodata stock opened at $45.39 on Tuesday. The stock’s 50-day moving average is $23.83 and its 200 day moving average is $18.58. Innodata Inc. has a one year low of $5.46 and a one year high of $49.72. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 76.93 and a beta of 2.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84.

Hedge Funds Weigh In On Innodata

A number of institutional investors and hedge funds have recently modified their holdings of the business. nVerses Capital LLC acquired a new position in shares of Innodata during the 2nd quarter valued at $27,000. Elkhorn Partners Limited Partnership bought a new stake in Innodata in the first quarter valued at $94,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Innodata by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company’s stock valued at $102,000 after purchasing an additional 982 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Innodata during the 3rd quarter worth about $206,000. Finally, BNP Paribas Financial Markets grew 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 valued at $225,000 after buying an additional 3,739 shares during the period. 30.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on INOD. BWS Financial increased their price target on Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, November 8th. StockNews.com raised shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. 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 for the company. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.