Janus Henderson Group PLC Buys 63,779 Shares of Innodata Inc. $INOD

Janus Henderson Group PLC boosted its stake in Innodata Inc. (NASDAQ:INOD) by 13.8% in the first quarter, Holdings Channel reports. The firm owned 526,012 shares of the technology company’s stock after purchasing an additional 63,779 shares during the quarter. Janus Henderson Group PLC’s holdings in Innodata were worth $20,315,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares 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 boosted its position in shares of Innodata by 506.0% during the 4th quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock worth $41,000 after acquiring an additional 673 shares in the last quarter. Leonteq Securities AG bought a new position in Innodata in the fourth quarter valued at approximately $51,000. FNY Investment Advisers LLC raised its position in Innodata by 2,675.0% during the fourth quarter. FNY Investment Advisers LLC now owns 1,030 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,070 shares in the last quarter. Finally, US Bancorp DE raised its position in Innodata by 15,500.0% during the third quarter. US Bancorp DE now owns 1,092 shares of the technology company’s stock valued at $84,000 after purchasing an additional 1,085 shares in the last quarter. 30.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Innodata

In other news, COO Ashok Mishra sold 242,901 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $90.15, for a total transaction of $21,897,525.15. Following the transaction, the chief operating officer owned 95,179 shares of the company’s stock, valued at $8,580,386.85. This represents a 71.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jack Abuhoff sold 200,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $110.20, for a total value of $22,040,000.00. Following the completion of the transaction, the chief executive officer owned 1,340,456 shares in the company, valued at approximately $147,718,251.20. The trade was a 12.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,472,885 shares of company stock worth $143,998,492. 11.80% of the stock is owned by insiders.

Innodata Stock Up 0.7%

Shares of INOD opened at $63.26 on Tuesday. The stock’s 50-day moving average price is $81.20 and its two-hundred day moving average price is $62.58. Innodata Inc. has a 12 month low of $34.23 and a 12 month high of $125.14. The company has a market capitalization of $2.07 billion, a PE ratio of 56.99 and a beta of 2.89. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.07.

Innodata (NASDAQ:INOD) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $76.47 million. During the same quarter last year, the business earned $0.22 EPS. The company’s revenue was up 54.5% compared to the same quarter last year. On average, analysts anticipate that Innodata Inc. will post 1.08 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on INOD shares. Zacks Research upgraded Innodata from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. BWS Financial reissued a “buy” rating on shares of Innodata in a research note on Monday, June 15th. Weiss Ratings cut shares of Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Finally, Wedbush lifted their price target on shares of Innodata from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $130.00.

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.