Innodata Inc. (NASDAQ:INOD) Director Sells $2,027,500.00 in Stock

Innodata Inc. (NASDAQ:INOD) Director Stewart R. Massey sold 50,000 shares of Innodata stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $40.55, for a total transaction of $2,027,500.00. Following the sale, the director now directly owns 25,262 shares of the company’s stock, valued at $1,024,374.10. This trade represents a 66.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Innodata Stock Down 1.1 %

Shares of Innodata stock traded down $0.42 during midday trading on Friday, reaching $38.74. 145,184 shares of the company’s stock traded hands, compared to its average volume of 695,225. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 66.37 and a beta of 2.30. The company’s 50 day simple moving average is $19.36 and its 200 day simple moving average is $16.52. 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 Inc. has a 52 week low of $5.46 and a 52 week high of $49.72.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. nVerses Capital LLC bought a new position in shares of Innodata during the 2nd quarter valued at $27,000. BNP Paribas Financial Markets raised its holdings in shares of Innodata by 38.5% during the 3rd 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 bought a new position in shares of Innodata during the 1st quarter valued at $94,000. Private Advisor Group LLC raised its holdings in shares of Innodata by 17.4% during the 3rd quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company’s stock valued at $250,000 after purchasing an additional 2,207 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Innodata by 6.8% during the 1st 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 in the last quarter. Institutional investors own 30.75% of the company’s stock.

Innodata Company Profile

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.