Innodata (NASDAQ:INOD) Shares Down 7.2% – Time to Sell?

Innodata Inc. (NASDAQ:INOD) shares traded down 7.2% during trading on Monday . The company traded as low as $58.82 and last traded at $59.5940. 369,533 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 1,516,437 shares. The stock had previously closed at $64.21.

Analyst Upgrades and Downgrades

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

Innodata Stock Performance

The business’s fifty day moving average is $68.09 and its two-hundred day moving average is $63.11. The stock has a market capitalization of $1.97 billion, a PE ratio of 43.31 and a beta of 2.92. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.06.

Innodata (NASDAQ:INOD) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.20. Innodata had a net margin of 14.66% and a return on equity of 37.79%. The company had revenue of $92.14 million for the quarter, compared to the consensus estimate of $86.31 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Innodata’s revenue was up 57.8% on a year-over-year basis. As a group, research analysts anticipate that Innodata Inc. will post 1.18 EPS for the current fiscal year.

Insider Activity at Innodata

In related news, COO Ashok Mishra sold 38,666 shares of Innodata stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $114.34, for a total value of $4,421,070.44. Following the completion of the transaction, the chief operating officer owned 83,179 shares in the company, valued at approximately $9,510,686.86. This trade represents a 31.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jack Abuhoff sold 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $110.20, for a total value of $22,040,000.00. Following the sale, the chief executive officer directly owned 1,340,456 shares in the company, valued at $147,718,251.20. The trade was a 12.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 457,978 shares of company stock valued at $49,413,600. Insiders own 11.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Compass Financial Management LLC purchased a new stake in Innodata in the second quarter worth $26,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Innodata during the 4th quarter worth $26,000. Ancora Advisors LLC purchased a new position in Innodata during the 2nd quarter valued at about $36,000. Farther Finance Advisors LLC increased its holdings in Innodata by 506.0% during the fourth quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock valued at $41,000 after buying an additional 673 shares during the period. Finally, Fifth Third Bancorp purchased a new position in shares of Innodata in the 1st quarter valued at $45,000. Hedge funds and other institutional investors own 30.75% of the company’s stock.

About Innodata

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.