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

Innodata Inc. (NASDAQ:INOD) Director Louise Forlenza sold 10,000 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $55.01, for a total transaction of $550,100.00. Following the sale, the director directly owned 5,424 shares of the company’s stock, valued at $298,374.24. This represents a 64.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Innodata Price Performance

Shares of Innodata stock opened at $55.66 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.73 and a quick ratio of 1.73. The business has a 50 day simple moving average of $63.05 and a two-hundred day simple moving average of $63.55. The stock has a market capitalization of $1.91 billion, a P/E ratio of 42.17 and a beta of 2.88. Innodata Inc. has a 12 month low of $34.23 and a 12 month high of $125.14.

Innodata (NASDAQ:INOD) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.20. The company had revenue of $92.14 million for the quarter, compared to analyst estimates of $86.31 million. Innodata had a return on equity of 37.79% and a net margin of 14.66%.The firm’s revenue for the quarter was up 57.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS. As a group, analysts predict that Innodata Inc. will post 1.18 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wedbush raised their target price on shares of Innodata from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, June 4th. BWS Financial reiterated a “top pick” rating and set a $140.00 price objective on shares of Innodata in a research report on Friday, August 7th. Zacks Research cut Innodata from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings downgraded Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Innodata presently has an average rating of “Moderate Buy” and an average price target of $130.00.

Hedge Funds Weigh In On Innodata

Large investors have recently modified their holdings of the business. AQR Capital Management LLC increased its position in shares of Innodata by 446.4% during the 1st quarter. AQR Capital Management LLC now owns 90,968 shares of the technology company’s stock worth $3,266,000 after purchasing an additional 74,320 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Innodata by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,085 shares of the technology company’s stock valued at $577,000 after buying an additional 711 shares during the last quarter. Millennium Management LLC boosted its stake in Innodata by 30.7% during the first quarter. Millennium Management LLC now owns 142,608 shares of the technology company’s stock worth $5,120,000 after buying an additional 33,473 shares during the period. JPMorgan Chase & Co. boosted its stake in Innodata by 16.0% during the second quarter. JPMorgan Chase & Co. now owns 20,375 shares of the technology company’s stock worth $1,044,000 after buying an additional 2,816 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Innodata by 1,527.3% during the second quarter. Russell Investments Group Ltd. now owns 9,422 shares of the technology company’s stock valued at $483,000 after acquiring an additional 8,843 shares during the last quarter. Institutional investors and hedge funds 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.