SG Americas Securities LLC Sells 7,911 Shares of Innodata Inc. $INOD

SG Americas Securities LLC decreased its holdings in shares of Innodata Inc. (NASDAQ:INOD) by 23.3% in the 1st quarter, HoldingsChannel reports. The firm owned 25,993 shares of the technology company’s stock after selling 7,911 shares during the period. SG Americas Securities LLC’s holdings in Innodata were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in shares of Innodata by 446.4% in the first 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Innodata by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,085 shares of the technology company’s stock worth $577,000 after buying an additional 711 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Innodata by 30.7% during the 1st quarter. Millennium Management LLC now owns 142,608 shares of the technology company’s stock worth $5,120,000 after buying an additional 33,473 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Innodata by 16.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,375 shares of the technology company’s stock worth $1,044,000 after buying an additional 2,816 shares during the period. Finally, Russell Investments Group Ltd. grew 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 valued at $483,000 after buying an additional 8,843 shares during the last quarter. 30.75% of the stock is owned by institutional investors.

Innodata Stock Performance

NASDAQ INOD opened at $68.88 on Friday. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $2.25 billion, a P/E ratio of 62.05 and a beta of 2.89. Innodata Inc. has a 12-month low of $34.23 and a 12-month high of $125.14. The firm has a 50-day moving average price of $84.82 and a two-hundred day moving average price of $61.34.

Innodata (NASDAQ:INOD) last announced its earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.34. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The firm had revenue of $90.10 million for the quarter, compared to analyst estimates of $76.47 million. During the same quarter in the prior year, the business posted $0.22 EPS. The business’s revenue was up 54.5% compared to the same quarter last year. Analysts anticipate that Innodata Inc. will post 1.14 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Ashok Mishra sold 38,666 shares of the stock in a transaction that occurred 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 sale, the chief operating officer owned 83,179 shares of the company’s stock, valued at $9,510,686.86. This represents a 31.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Louise C. Forlenza sold 18,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $94.47, for a total value of $1,700,460.00. Following the sale, the director directly owned 3,943 shares in the company, valued at $372,495.21. This represents a 82.03% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,472,885 shares of company stock valued at $143,998,492. 11.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

INOD has been the topic of a number of recent research reports. Wall Street Zen upgraded Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings upgraded Innodata from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. Wedbush upped their price objective on Innodata from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Finally, BWS Financial reiterated a “buy” rating on shares of Innodata in a research report on Monday, June 15th. One equities research 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. According to MarketBeat, Innodata currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

Innodata 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.