Ashok Mishra Sells 92,726 Shares of Innodata Inc. (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra sold 92,726 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $43.16, for a total transaction of $4,002,054.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Innodata Trading Up 7.8 %

INOD stock traded up $3.24 during midday trading on Tuesday, reaching $44.68. The company’s stock had a trading volume of 2,009,244 shares, compared to its average volume of 714,865. The business’s 50-day simple moving average is $20.84 and its 200-day simple moving average is $17.29. The stock has a market cap of $1.30 billion, a PE ratio of 75.83 and a beta of 2.30. Innodata Inc. has a 52 week low of $5.46 and a 52 week high of $49.72. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15.

Institutional Investors Weigh In On Innodata

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Innodata by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 1,460,430 shares of the technology company’s stock valued at $9,639,000 after acquiring an additional 28,173 shares during the period. Janus Henderson Group PLC acquired a new position in shares of Innodata during the first quarter worth about $8,142,000. Geode Capital Management LLC grew its holdings in shares of Innodata by 2.3% during the third quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company’s stock worth $10,294,000 after buying an additional 13,609 shares in the last quarter. State Street Corp lifted its stake in Innodata by 1.8% in the 3rd quarter. State Street Corp now owns 537,301 shares of the technology company’s stock valued at $9,011,000 after acquiring an additional 9,408 shares in the last quarter. Finally, Deerfield Management Company L.P. Series C grew its stake in shares of Innodata by 309.5% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 111,814 shares of the technology company’s stock worth $1,658,000 after acquiring an additional 84,509 shares in the last quarter. Institutional investors own 30.75% of the company’s stock.

Analyst Ratings Changes

INOD has been the topic of several research analyst reports. Craig Hallum initiated coverage on Innodata in a report on Tuesday, September 17th. They set a “buy” rating and a $23.00 target price on the stock. StockNews.com upgraded Innodata from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, BWS Financial lifted their target price on Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Innodata has an average rating of “Moderate Buy” and a consensus target price of $32.67.

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.