Innodata Inc. (NASDAQ:INOD – Get Free Report)’s stock price traded up 8.4% during trading on Monday . The stock traded as high as $18.52 and last traded at $18.49. 361,637 shares traded hands during trading, a decline of 44% from the average session volume of 651,028 shares. The stock had previously closed at $17.06.
Analyst Ratings Changes
A number of brokerages have issued reports on INOD. StockNews.com lowered Innodata from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. BWS Financial raised their target price on Innodata from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Maxim Group assumed coverage on shares of Innodata in a research report on Monday, July 15th. They issued a “buy” rating and a $30.00 price target on the stock.
Get Our Latest Stock Report on INOD
Innodata Price Performance
Institutional Trading of Innodata
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Innodata by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 1,460,430 shares of the technology company’s stock worth $9,639,000 after purchasing an additional 28,173 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Innodata during the 1st quarter valued at $8,142,000. Plustick Management LLC increased its stake in shares of Innodata by 2.6% in the fourth quarter. Plustick Management LLC now owns 400,000 shares of the technology company’s stock worth $3,256,000 after acquiring an additional 10,000 shares during the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Innodata during the fourth quarter worth $1,299,000. Finally, GSA Capital Partners LLP raised its holdings in shares of Innodata by 128.5% during the first quarter. GSA Capital Partners LLP now owns 137,664 shares of the technology company’s stock worth $909,000 after acquiring an additional 77,410 shares in the last quarter. Institutional investors and hedge funds own 30.75% of the company’s stock.
About Innodata
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.
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