Compass Ion Advisors LLC Lowers Position in Innodata Inc. (NASDAQ:INOD)

Compass Ion Advisors LLC trimmed its position in shares of Innodata Inc. (NASDAQ:INOD) by 34.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,674 shares of the technology company’s stock after selling 13,000 shares during the quarter. Compass Ion Advisors LLC owned 0.09% of Innodata worth $975,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC purchased a new position in shares of Innodata during the 4th quarter worth approximately $2,328,000. Barclays PLC raised its position in Innodata by 324.3% in the third quarter. Barclays PLC now owns 38,557 shares of the technology company’s stock worth $647,000 after acquiring an additional 29,470 shares in the last quarter. Silverleafe Capital Partners LLC acquired a new stake in Innodata in the fourth quarter valued at $913,000. SG Americas Securities LLC acquired a new stake in Innodata in the fourth quarter valued at $775,000. Finally, Centiva Capital LP purchased a new stake in shares of Innodata during the 3rd quarter worth $318,000. 30.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Innodata Trading Down 9.9 %

Shares of INOD opened at $41.38 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84. Innodata Inc. has a 1-year low of $5.46 and a 1-year high of $71.00. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 48.68 and a beta of 2.59. The firm has a 50 day simple moving average of $44.46 and a 200-day simple moving average of $34.14.

Innodata (NASDAQ:INOD) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $0.31 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $53.01 million. Equities analysts forecast that Innodata Inc. will post 0.81 EPS for the current fiscal year.

Insider Activity at Innodata

In other Innodata news, CFO Marissa B. Espineli sold 30,000 shares of Innodata stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $65.09, for a total value of $1,952,700.00. Following the completion of the sale, the chief financial officer now directly owns 18,000 shares of the company’s stock, valued at approximately $1,171,620. The trade was a 62.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nauman Sabeeh Toor sold 110,207 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $44.00, for a total value of $4,849,108.00. Following the transaction, the director now directly owns 209,194 shares in the company, valued at approximately $9,204,536. This represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 385,634 shares of company stock valued at $22,639,902. 15.23% of the stock is owned by insiders.

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.