Innodata (NASDAQ:INOD) COO Sells $4,421,070.44 in Stock

Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra sold 38,666 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $114.34, for a total transaction of $4,421,070.44. Following the completion of the transaction, the chief operating officer directly owned 83,179 shares in the company, valued at $9,510,686.86. This trade represents a 31.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, May 12th, Ashok Mishra sold 242,901 shares of Innodata stock. The stock was sold at an average price of $90.15, for a total transaction of $21,897,525.15.

Innodata Trading Down 1.0%

Shares of INOD opened at $114.22 on Wednesday. The company’s fifty day moving average is $60.14 and its 200 day moving average is $55.25. Innodata Inc. has a fifty-two week low of $34.23 and a fifty-two week high of $118.45. The stock has a market capitalization of $3.73 billion, a PE ratio of 102.90 and a beta of 2.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.49 and a current ratio of 2.49.

Innodata (NASDAQ:INOD) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.34. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The company had revenue of $90.10 million for the quarter, compared to analysts’ expectations of $76.47 million. During the same quarter in the previous year, the business posted $0.22 earnings per share. Innodata’s quarterly revenue was up 54.5% on a year-over-year basis. Sell-side analysts expect that Innodata Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INOD has been the topic of a number of analyst reports. Weiss Ratings cut shares of Innodata from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Wall Street Zen upgraded shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. BWS Financial reissued a “top pick” rating and set a $110.00 target price on shares of Innodata in a research note on Friday, April 10th. Finally, Wedbush upped their price objective on shares of Innodata from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $105.00.

Institutional Trading of Innodata

Several hedge funds have recently modified their holdings of INOD. AQR Capital Management LLC lifted its position in shares of Innodata by 446.4% during the first quarter. AQR Capital Management LLC now owns 90,968 shares of the technology company’s stock valued at $3,266,000 after buying an additional 74,320 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Innodata by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,085 shares of the technology company’s stock valued at $577,000 after buying an additional 711 shares during the last quarter. Millennium Management LLC lifted its position in shares of Innodata by 30.7% during the first quarter. Millennium Management LLC now owns 142,608 shares of the technology company’s stock valued at $5,120,000 after buying an additional 33,473 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Innodata by 16.0% during the second quarter. JPMorgan Chase & Co. now owns 20,375 shares of the technology company’s stock valued at $1,044,000 after buying an additional 2,816 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Innodata by 1,527.3% during the second quarter. Russell Investments Group Ltd. now owns 9,422 shares of the technology company’s stock valued at $483,000 after buying an additional 8,843 shares during the last quarter. 30.75% of the stock is owned by hedge funds and other institutional investors.

Innodata Company Profile

Innodata Inc (NASDAQ: INOD) is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata’s platform enables clients to convert unstructured text, images and multimedia into high‐quality, machine‐readable formats that support search, analytics and AI model training.

The firm’s offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.