Innodata Inc. (NASDAQ:INOD) CFO Marissa B. Espineli Sells 30,000 Shares

Innodata Inc. (NASDAQ:INOD) CFO Marissa B. Espineli sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $65.09, for a total value of $1,952,700.00. Following the transaction, the chief financial officer now owns 18,000 shares of the company’s stock, valued at approximately $1,171,620. This represents a 62.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Innodata Price Performance

Shares of INOD opened at $52.62 on Friday. Innodata Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $71.00. The firm’s 50-day simple moving average is $43.30 and its two-hundred day simple moving average is $31.29. The stock has a market cap of $1.53 billion, a PE ratio of 61.91 and a beta of 2.57. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84.

Innodata (NASDAQ:INOD) last posted its quarterly earnings results on Thursday, February 20th. The technology company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.20. Innodata had a return on equity of 66.36% and a net margin of 16.81%. The company had revenue of $59.18 million for the quarter, compared to the consensus estimate of $53.01 million. Analysts anticipate that Innodata Inc. will post 0.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Innodata

Several institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP bought a new position in Innodata in the 4th quarter worth about $29,000. USA Financial Formulas purchased a new position in Innodata in the fourth quarter worth about $36,000. Meeder Asset Management Inc. bought a new position in shares of Innodata in the fourth quarter worth approximately $36,000. AlphaQuest LLC grew its holdings in shares of Innodata by 79.4% during the fourth quarter. AlphaQuest LLC now owns 1,030 shares of the technology company’s stock valued at $41,000 after buying an additional 456 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Innodata during the fourth quarter valued at approximately $150,000. 30.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Chardan Capital restated a “buy” rating and issued a $45.00 price objective on shares of Innodata in a report on Friday, December 13th. Maxim Group increased their price target on shares of Innodata from $54.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. BWS Financial raised their price objective on shares of Innodata from $45.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Wedbush started coverage on Innodata in a report on Thursday, December 19th. They set an “outperform” rating and a $48.00 target price on the stock. Finally, StockNews.com upgraded Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Innodata presently has an average rating of “Moderate Buy” and an average price target of $53.00.

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.