Innodata (NASDAQ:INOD) CFO Marissa Espineli Sells 19,667 Shares

Innodata Inc. (NASDAQ:INOD) CFO Marissa Espineli sold 19,667 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $105.88, for a total transaction of $2,082,341.96. Following the transaction, the chief financial officer owned 28,014 shares of the company’s stock, valued at $2,966,122.32. This trade represents a 41.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Innodata Price Performance

Shares of NASDAQ:INOD traded up $10.34 on Monday, reaching $115.32. The company’s stock had a trading volume of 2,881,489 shares, compared to its average volume of 1,604,508. The company has a 50-day simple moving average of $58.72 and a 200 day simple moving average of $54.88. Innodata Inc. has a 52-week low of $34.23 and a 52-week high of $117.19. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.49 and a current ratio of 2.49. The company has a market cap of $3.77 billion, a P/E ratio of 103.89 and a beta of 2.82.

Innodata (NASDAQ:INOD) last announced its earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.34. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The firm had revenue of $90.10 million for the quarter, compared to analysts’ expectations of $76.47 million. During the same period in the prior year, the company earned $0.22 EPS. The business’s revenue was up 54.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Innodata Inc. will post 0.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Innodata

Several hedge funds and other institutional investors have recently modified their holdings of INOD. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Innodata during the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC grew its position in Innodata by 506.0% in the 4th quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock valued at $41,000 after acquiring an additional 673 shares during the last quarter. Fifth Third Bancorp bought a new position in Innodata in the 1st quarter valued at $45,000. IFP Advisors Inc increased its stake in Innodata by 1,567.5% in the third quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock worth $51,000 after purchasing an additional 627 shares during the period. Finally, Leonteq Securities AG purchased a new stake in Innodata in the fourth quarter worth $51,000. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INOD has been the subject of several analyst reports. Wedbush raised their price objective on Innodata from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Weiss Ratings downgraded Innodata from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. BWS Financial restated a “top pick” rating and set a $110.00 price target on shares of Innodata in a report on Friday, April 10th. Finally, Wall Street Zen upgraded Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $105.00.

Innodata Company Profile

Innodata Inc (NASDAQ: INOD) is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata’s platform enables clients to convert unstructured text, images and multimedia into high‐quality, machine‐readable formats that support search, analytics and AI model training.

The firm’s offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.