Louise Forlenza Sells 10,000 Shares of Innodata (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) Director Louise Forlenza sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $55.01, for a total value of $550,100.00. Following the transaction, the director directly owned 5,424 shares in the company, valued at $298,374.24. This trade represents a 64.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Innodata Trading Up 1.1%

Shares of INOD opened at $55.66 on Friday. Innodata Inc. has a 1-year low of $34.23 and a 1-year high of $125.14. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.06. The firm’s 50-day moving average price is $63.05 and its 200-day moving average price is $63.55. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 42.17 and a beta of 2.88.

Innodata (NASDAQ:INOD) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.21 by $0.20. Innodata had a net margin of 14.66% and a return on equity of 37.79%. The business had revenue of $92.14 million during the quarter, compared to analyst estimates of $86.31 million. During the same period last year, the business posted $0.20 earnings per share. Innodata’s quarterly revenue was up 57.8% compared to the same quarter last year. Sell-side analysts anticipate that Innodata Inc. will post 1.18 EPS for the current year.

Analyst Upgrades and Downgrades

INOD has been the topic of several research reports. Wedbush lifted their price target on Innodata from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. Weiss Ratings lowered Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Zacks Research cut shares of Innodata from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, BWS Financial reaffirmed a “top pick” rating and issued a $140.00 target price on shares of Innodata in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Innodata presently has a consensus rating of “Moderate Buy” and an average target price of $130.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its stake in shares of Innodata by 7,279.0% in the second quarter. California State Teachers Retirement System now owns 2,996,671 shares of the technology company’s stock worth $226,488,000 after acquiring an additional 2,956,060 shares during the last quarter. Geode Capital Management LLC boosted its stake in Innodata by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 752,795 shares of the technology company’s stock worth $38,362,000 after purchasing an additional 2,407 shares in the last quarter. State Street Corp grew its position in Innodata by 2.8% during the 4th quarter. State Street Corp now owns 711,180 shares of the technology company’s stock valued at $36,235,000 after purchasing an additional 19,484 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Innodata by 32.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 583,239 shares of the technology company’s stock valued at $22,517,000 after purchasing an additional 142,192 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Innodata by 8.1% during the 4th quarter. Wellington Management Group LLP now owns 571,987 shares of the technology company’s stock valued at $29,143,000 after purchasing an additional 42,847 shares in the last quarter. Hedge funds and other institutional investors own 30.75% of the company’s stock.

About Innodata

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.