Stewart Massey Sells 10,000 Shares of Innodata (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) Director Stewart Massey sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $96.00, for a total transaction of $960,000.00. Following the completion of the transaction, the director owned 11,000 shares in the company, valued at approximately $1,056,000. This represents a 47.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Innodata Stock Performance

Shares of INOD stock opened at $88.19 on Wednesday. The firm’s 50 day moving average price is $50.32 and its 200-day moving average price is $53.29. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.49 and a current ratio of 2.49. Innodata Inc. has a one year low of $33.77 and a one year high of $114.77. The firm has a market cap of $2.88 billion, a P/E ratio of 79.45 and a beta of 2.40.

Innodata (NASDAQ:INOD) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.42 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 for the quarter, compared to analyst estimates of $76.47 million. During the same period in the prior year, the business posted $0.22 EPS. The business’s revenue for the quarter was up 54.5% compared to the same quarter last year. As a group, equities research analysts predict that Innodata Inc. will post 0.99 EPS for the current year.

Institutional Investors Weigh In On Innodata

Hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. acquired a new stake in Innodata during the 4th quarter worth approximately $26,000. IFP Advisors Inc lifted its holdings in Innodata by 1,567.5% during the 3rd quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock worth $51,000 after buying an additional 627 shares in the last quarter. Goodman Advisory Group LLC acquired a new stake in Innodata during the 3rd quarter worth approximately $52,000. Hollencrest Capital Management acquired a new stake in shares of Innodata in the 3rd quarter valued at $60,000. Finally, Bessemer Group Inc. acquired a new stake in shares of Innodata in the 3rd quarter valued at $62,000. 30.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wedbush upped their price objective on shares of Innodata from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Wall Street Zen upgraded shares of Innodata from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. BWS Financial reiterated a “top pick” rating and set a $110.00 target price on shares of Innodata in a report on Friday, April 10th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Innodata in a report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.00.

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.