Innodata (NASDAQ:INOD) Director Louise Forlenza Sells 10,000 Shares

Innodata Inc. (NASDAQ:INOD) Director Louise Forlenza sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $55.01, for a total value of $550,100.00. Following the completion of the transaction, the director owned 5,424 shares in the company, valued at approximately $298,374.24. This trade represents a 64.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Innodata Stock Up 1.1%

Shares of NASDAQ:INOD traded up $0.62 during midday trading on Friday, hitting $55.66. 699,700 shares of the company’s stock traded hands, compared to its average volume of 1,494,355. The firm’s fifty day moving average price is $63.41 and its two-hundred day moving average price is $63.61. The company has a market cap of $1.91 billion, a PE ratio of 42.17 and a beta of 2.88. Innodata Inc. has a twelve month low of $34.23 and a twelve month high of $125.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.73 and a current ratio of 1.73.

Innodata (NASDAQ:INOD) last announced its earnings results on Thursday, August 6th. The technology company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.21 by $0.20. The business had revenue of $92.14 million for the quarter, compared to the consensus estimate of $86.31 million. Innodata had a return on equity of 37.79% and a net margin of 14.66%.The company’s revenue was up 57.8% on a year-over-year basis. During the same period last year, the business posted $0.20 EPS. On average, equities research analysts anticipate that Innodata Inc. will post 1.18 EPS for the current fiscal year.

Analysts Set New Price Targets

INOD has been the subject of a number of research reports. Wedbush lifted their price target on Innodata from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, June 4th. Zacks Research downgraded Innodata from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. BWS Financial restated a “top pick” rating and set a $140.00 price objective on shares of Innodata in a research note on Friday, August 7th. Finally, Weiss Ratings downgraded shares of Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Innodata presently has a consensus rating of “Moderate Buy” and an average price target of $130.00.

Institutional Investors Weigh In On Innodata

Hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its stake in Innodata by 446.4% during the 1st quarter. AQR Capital Management LLC now owns 90,968 shares of the technology company’s stock valued at $3,266,000 after purchasing an additional 74,320 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Innodata by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,085 shares of the technology company’s stock worth $577,000 after acquiring an additional 711 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Innodata by 30.7% in the 1st quarter. Millennium Management LLC now owns 142,608 shares of the technology company’s stock worth $5,120,000 after acquiring an additional 33,473 shares during the last quarter. JPMorgan Chase & Co. raised 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 worth $1,044,000 after purchasing an additional 2,816 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Innodata by 1,527.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 9,422 shares of the technology company’s stock worth $483,000 after purchasing an additional 8,843 shares in the last quarter. 30.75% of the stock is currently owned by 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.