Insider Selling: 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 firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $64.40, for a total value of $12,672,438.80. Following the transaction, the director now owns 12,417 shares of the company’s stock, valued at approximately $799,654.80. This represents a 94.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 value of $9,074,000.00.

Innodata Trading Up 0.2 %

NASDAQ:INOD opened at $52.72 on Friday. Innodata Inc. has a 12-month low of $5.46 and a 12-month 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 $1.53 billion, a PE ratio of 62.02 and a beta of 2.57. The stock has a fifty day moving average price of $43.49 and a 200 day moving average price of $31.53.

Innodata (NASDAQ:INOD) last posted its quarterly earnings results on Thursday, February 20th. The technology company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $53.01 million. Sell-side analysts anticipate that Innodata Inc. will post 0.81 earnings per share for the current fiscal year.

Institutional Trading of Innodata

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP acquired a new stake in Innodata in the fourth quarter valued at $29,000. USA Financial Formulas acquired a new stake in Innodata in the fourth quarter valued at $36,000. Meeder Asset Management Inc. acquired a new stake in Innodata in the fourth quarter valued at $36,000. AlphaQuest LLC increased its position 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 purchasing an additional 456 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Innodata during the fourth quarter worth about $150,000. 30.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INOD has been the subject of several research analyst reports. BWS Financial raised their price target on Innodata from $45.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. StockNews.com upgraded Innodata from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Maxim Group lifted their target price on Innodata from $54.00 to $75.00 and gave the company a “buy” rating in a report on Friday, February 21st. Chardan Capital reiterated a “buy” rating and issued a $45.00 target price on shares of Innodata in a report on Friday, December 13th. Finally, Wedbush initiated coverage on Innodata in a report on Thursday, December 19th. They issued an “outperform” rating and a $48.00 target price for the company. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Innodata presently has an average rating of “Moderate Buy” and an average price target of $53.00.

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.