Innodata Inc. (NASDAQ:INOD) Director Sells $12,672,438.80 in Stock

Innodata Inc. (NASDAQ:INOD) Director Nauman Sabeeh Toor sold 196,777 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $64.40, for a total value of $12,672,438.80. Following the sale, the director now owns 12,417 shares of the company’s stock, valued at approximately $799,654.80. The trade was a 94.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nauman Sabeeh Toor also recently made the following trade(s):

• On Friday, December 20th, Nauman Sabeeh Toor sold 110,207 shares of Innodata stock. The stock was sold at an average price of $44.00, for a total value of $4,849,108.00.
• On Wednesday, December 4th, Nauman Sabeeh Toor sold 200,000 shares of Innodata stock. The stock was sold at an average price of $45.37, for a total transaction of $9,074,000.00.

Innodata Price Performance

NASDAQ INOD traded up $6.06 on Wednesday, reaching $64.17. The company’s stock had a trading volume of 3,867,370 shares, compared to its average volume of 2,101,801. Innodata Inc. has a 52 week low of $5.46 and a 52 week high of $71.00. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.86 billion, a PE ratio of 75.50 and a beta of 2.57. The business has a 50-day moving average price of $42.44 and a 200 day moving average price of $30.91.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of INOD. Allworth Financial LP bought a new stake in shares of Innodata in the 4th quarter worth about $29,000. USA Financial Formulas acquired a new position in Innodata in the fourth quarter valued at about $36,000. Meeder Asset Management Inc. bought a new stake in Innodata during the fourth quarter worth about $36,000. AlphaQuest LLC increased its holdings in shares of Innodata by 79.4% during the fourth quarter. AlphaQuest LLC now owns 1,030 shares of the technology company’s stock worth $41,000 after buying an additional 456 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Innodata in the fourth quarter valued at approximately $150,000. 30.75% of the stock is currently owned by institutional investors and hedge funds.

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.