Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra Sells 48,650 Shares

Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra sold 48,650 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $65.07, for a total transaction of $3,165,655.50. Following the completion of the transaction, the chief operating officer now owns 60,000 shares in the company, valued at $3,904,200. The trade was a 44.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Ashok Mishra also recently made the following trade(s):

• On Wednesday, December 4th, Ashok Mishra sold 58,500 shares of Innodata stock. The stock was sold at an average price of $44.97, for a total value of $2,630,745.00.

Innodata Price Performance

NASDAQ INOD opened at $52.62 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15. Innodata Inc. has a 52 week low of $5.46 and a 52 week high of $71.00. The firm has a market capitalization of $1.53 billion, a P/E ratio of 61.91 and a beta of 2.57. The company has a 50-day moving average price of $43.30 and a 200-day moving average price of $31.29.

Innodata (NASDAQ:INOD) last issued its 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 net margin of 16.81% and a return on equity of 66.36%. The company had revenue of $59.18 million during the quarter, compared to the consensus estimate of $53.01 million. Equities research analysts anticipate that Innodata Inc. will post 0.81 earnings per share for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Innodata

Several institutional investors have recently bought and sold shares of the business. D. E. Shaw & Co. Inc. raised its position in shares of Innodata by 1,718.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 944,611 shares of the technology company’s stock valued at $37,331,000 after buying an additional 892,663 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in shares of Innodata in the 4th quarter worth approximately $16,713,000. JPMorgan Chase & Co. boosted its holdings in shares of Innodata by 2,038.4% in the 4th quarter. JPMorgan Chase & Co. now owns 308,095 shares of the technology company’s stock worth $12,176,000 after purchasing an additional 293,687 shares during the period. Wellington Management Group LLP bought a new position in shares of Innodata during the 4th quarter valued at approximately $11,283,000. Finally, Ameriprise Financial Inc. raised its holdings in Innodata by 322.9% during the 4th quarter. Ameriprise Financial Inc. now owns 318,096 shares of the technology company’s stock valued at $13,649,000 after buying an additional 242,871 shares during the period. Institutional investors own 30.75% of the company’s stock.

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.