Insider Selling: Innodata Inc. (NASDAQ:INOD) Director Sells 4,000 Shares of Stock

Innodata Inc. (NASDAQ:INOD) Director Louise C. Forlenza sold 4,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $45.10, for a total value of $180,400.00. Following the sale, the director now directly owns 8,278 shares in the company, valued at $373,337.80. This trade represents a 32.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Innodata Stock Up 1.4 %

NASDAQ:INOD traded up $0.62 during mid-day trading on Monday, hitting $45.39. 2,416,887 shares of the company’s stock traded hands, compared to its average volume of 738,263. The company has a fifty day moving average of $23.23 and a 200 day moving average of $18.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84. Innodata Inc. has a twelve month low of $5.46 and a twelve month high of $49.72. The company has a market capitalization of $1.32 billion, a P/E ratio of 76.17 and a beta of 2.30.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on INOD shares. StockNews.com raised Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Craig Hallum began coverage on shares of Innodata in a report on Tuesday, September 17th. They issued a “buy” rating and a $23.00 price target on the stock. Finally, BWS Financial boosted their price objective on shares of Innodata from $30.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.67.

Hedge Funds Weigh In On Innodata

Several hedge funds have recently modified their holdings of the stock. Barclays PLC boosted its stake in Innodata by 324.3% in the 3rd quarter. Barclays PLC now owns 38,557 shares of the technology company’s stock worth $647,000 after purchasing an additional 29,470 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Innodata by 2.3% in 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 during the last quarter. State Street Corp lifted its stake in shares of Innodata by 1.8% during the third quarter. State Street Corp now owns 537,301 shares of the technology company’s stock worth $9,011,000 after buying an additional 9,408 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Innodata during the third quarter valued at $206,000. Finally, Centiva Capital LP purchased a new stake in shares of Innodata during the third quarter valued at $318,000. 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.