Innodata Inc. (NASDAQ:INOD) CFO Sells $1,952,700.00 in Stock

Innodata Inc. (NASDAQ:INOD) CFO Marissa B. Espineli sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $65.09, for a total value of $1,952,700.00. Following the sale, the chief financial officer now owns 18,000 shares of the company’s stock, valued at $1,171,620. The trade was a 62.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Innodata Stock Up 0.2 %

INOD stock opened at $52.72 on Friday. The firm has a market cap of $1.53 billion, a PE ratio of 62.02 and a beta of 2.57. Innodata Inc. has a 1 year low of $5.46 and a 1 year high of $71.00. The company has a fifty day simple moving average of $43.49 and a 200 day simple moving average of $31.64. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15.

Innodata (NASDAQ:INOD) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.20. The company had revenue of $59.18 million during the quarter, compared to analysts’ expectations of $53.01 million. Innodata had a return on equity of 66.36% and a net margin of 16.81%. Sell-side analysts anticipate that Innodata Inc. will post 0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Innodata

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. bought a new position in shares of Innodata in the third quarter valued at approximately $311,000. Jennison Associates LLC bought a new stake in shares of Innodata during the 4th quarter worth $402,000. Los Angeles Capital Management LLC acquired a new position in Innodata in the 3rd quarter valued at $330,000. Geode Capital Management LLC raised its holdings in Innodata by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company’s stock worth $10,294,000 after acquiring an additional 13,609 shares during the period. Finally, Silverleafe Capital Partners LLC acquired a new position in Innodata during the 4th quarter worth $913,000. 30.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on INOD shares. Chardan Capital restated a “buy” rating and set a $45.00 price target on shares of Innodata in a report on Friday, December 13th. BWS Financial lifted their target price on shares of Innodata from $45.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, February 21st. StockNews.com raised shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Maxim Group lifted their price objective on Innodata from $54.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Wedbush started coverage on Innodata in a research report on Thursday, December 19th. They issued an “outperform” rating and a $48.00 target price on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Innodata currently has an average rating of “Moderate Buy” and a consensus target price of $53.00.

Innodata Company Profile

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.