Innodata (NASDAQ:INOD) COO Ashok Mishra Sells 28,094 Shares

Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra sold 28,094 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $62.52, for a total transaction of $1,756,436.88. Following the transaction, the chief operating officer owned 60,000 shares of the company’s stock, valued at $3,751,200. This trade represents a 31.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, November 12th, Ashok Mishra sold 200,000 shares of Innodata stock. The stock was sold at an average price of $61.39, for a total value of $12,278,000.00.

Innodata Price Performance

NASDAQ:INOD opened at $61.95 on Thursday. Innodata Inc. has a 52-week low of $26.41 and a 52-week high of $93.85. The stock has a fifty day moving average of $71.87 and a 200 day moving average of $53.18. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.87 and a current ratio of 2.87. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 49.96 and a beta of 2.90.

Innodata (NASDAQ:INOD) last announced its earnings results on Thursday, November 6th. The technology company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. Innodata had a return on equity of 54.27% and a net margin of 18.71%.The business had revenue of $62.55 million for the quarter, compared to analyst estimates of $59.78 million. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. On average, research analysts expect that Innodata Inc. will post 0.81 EPS for the current fiscal year.

Institutional Trading of Innodata

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC bought a new position in Innodata during the second quarter valued at approximately $36,000. Global Retirement Partners LLC bought a new stake in shares of Innodata in the 3rd quarter worth approximately $50,000. Toth Financial Advisory Corp lifted its holdings in shares of Innodata by 40.2% in the 2nd quarter. Toth Financial Advisory Corp now owns 1,150 shares of the technology company’s stock worth $59,000 after acquiring an additional 330 shares during the last quarter. Silver Oak Securities Incorporated purchased a new stake in shares of Innodata in the 3rd quarter valued at $60,000. Finally, Hollencrest Capital Management bought a new position in shares of Innodata during the 3rd quarter valued at $60,000. Hedge funds and other institutional investors own 30.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on INOD shares. BWS Financial reaffirmed a “buy” rating and issued a $110.00 target price on shares of Innodata in a research note on Tuesday. Weiss Ratings raised shares of Innodata from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Wedbush increased their price target on shares of Innodata from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Finally, Zacks Research raised shares of Innodata from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat.com, Innodata presently has a consensus rating of “Buy” and a consensus target price of $80.00.

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.