Principal Financial Group Inc. Has $6.82 Million Stake in Innodata Inc. $INOD

Principal Financial Group Inc. grew its position in Innodata Inc. (NASDAQ:INOD) by 70.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,516 shares of the technology company’s stock after acquiring an additional 36,434 shares during the period. Principal Financial Group Inc. owned 0.28% of Innodata worth $6,822,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Global Retirement Partners LLC bought a new position in Innodata in the 3rd quarter valued at $50,000. Silver Oak Securities Incorporated acquired a new position in Innodata during the 3rd quarter worth about $60,000. Hollencrest Capital Management bought a new stake in Innodata during the 3rd quarter worth about $60,000. Private Wealth Asset Management LLC acquired a new stake in Innodata in the 3rd quarter valued at about $77,000. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of Innodata by 137.5% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,900 shares of the technology company’s stock worth $97,000 after acquiring an additional 1,100 shares during the last quarter. 30.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on INOD. BWS Financial reissued a “top pick” rating and set a $110.00 price target on shares of Innodata in a research note on Friday, January 30th. Wedbush reissued an “outperform” rating and issued a $90.00 target price on shares of Innodata in a research note on Friday, January 30th. Zacks Research lowered Innodata from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Weiss Ratings cut Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.67.

Innodata Stock Performance

INOD stock opened at $44.39 on Friday. Innodata Inc. has a twelve month low of $26.41 and a twelve month high of $93.85. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.41 billion, a P/E ratio of 45.76 and a beta of 2.42. The business’s fifty day moving average is $54.98 and its 200-day moving average is $58.56.

Innodata 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.