Marissa Espineli Sells 19,667 Shares of Innodata (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) CFO Marissa Espineli sold 19,667 shares of Innodata stock in a transaction on Friday, May 29th. The shares were sold at an average price of $105.88, for a total value of $2,082,341.96. Following the completion of the transaction, the chief financial officer owned 28,014 shares in the company, valued at approximately $2,966,122.32. The trade was a 41.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Innodata Trading Down 1.0%

INOD opened at $114.22 on Wednesday. The company has a market cap of $3.73 billion, a P/E ratio of 102.90 and a beta of 2.83. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.07. The company’s 50 day moving average is $60.14 and its 200-day moving average is $55.25. Innodata Inc. has a 1-year low of $34.23 and a 1-year high of $118.45.

Innodata (NASDAQ:INOD) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.34. Innodata had a return on equity of 37.49% and a net margin of 13.86%.The company had revenue of $90.10 million during the quarter, compared to analysts’ expectations of $76.47 million. During the same period in the prior year, the company earned $0.22 EPS. Innodata’s revenue was up 54.5% compared to the same quarter last year. Equities research analysts predict that Innodata Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on INOD. Weiss Ratings downgraded shares of Innodata from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. BWS Financial restated a “top pick” rating and set a $110.00 price target on shares of Innodata in a report on Friday, April 10th. Wedbush raised their price target on shares of Innodata from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Finally, Wall Street Zen upgraded Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.00.

Institutional Trading of Innodata

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new stake in Innodata in the 4th quarter valued at about $26,000. IFP Advisors Inc grew its position in Innodata by 1,567.5% during the third quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock valued at $51,000 after buying an additional 627 shares during the period. Goodman Advisory Group LLC purchased a new position in Innodata in the third quarter valued at about $52,000. Bessemer Group Inc. purchased a new stake in shares of Innodata during the 3rd quarter worth approximately $62,000. Finally, Farther Finance Advisors LLC grew its holdings in Innodata by 506.0% during the fourth quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock valued at $41,000 after purchasing an additional 673 shares during the period. Hedge funds and other institutional investors own 30.75% of the company’s stock.

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.