H&H International Investment LLC Buys New Position in Innodata Inc. $INOD

H&H International Investment LLC purchased a new position in shares of Innodata Inc. (NASDAQ:INOD) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the technology company’s stock, valued at approximately $386,000. Innodata comprises about 0.0% of H&H International Investment LLC’s portfolio, making the stock its 19th largest position.

Several other hedge funds have also recently modified their holdings of INOD. Prosperity Wealth Management Inc. boosted its stake in Innodata by 4.0% in the 3rd quarter. Prosperity Wealth Management Inc. now owns 10,500 shares of the technology company’s stock worth $809,000 after purchasing an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Innodata by 5.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,703 shares of the technology company’s stock valued at $392,000 after purchasing an additional 418 shares in the last quarter. Texas Yale Capital Corp. raised its holdings in shares of Innodata by 5.5% in the fourth quarter. Texas Yale Capital Corp. now owns 8,440 shares of the technology company’s stock worth $430,000 after buying an additional 440 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Innodata by 74.8% in the fourth quarter. IFP Advisors Inc now owns 1,166 shares of the technology company’s stock worth $59,000 after buying an additional 499 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Innodata during the fourth quarter worth $26,000. Institutional investors and hedge funds own 30.75% of the company’s stock.

Insider Buying and Selling

In other Innodata news, CFO Marissa B. Espineli sold 19,667 shares of Innodata stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $105.88, for a total transaction 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. This trade represents a 41.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Ashok Mishra sold 38,666 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $114.34, for a total value of $4,421,070.44. Following the completion of the transaction, the chief operating officer directly owned 83,179 shares of the company’s stock, valued at approximately $9,510,686.86. This trade represents a 31.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,472,885 shares of company stock valued at $143,998,492 over the last quarter. 11.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on INOD shares. Wedbush upped their target price on Innodata from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. BWS Financial reaffirmed a “buy” rating on shares of Innodata in a research report on Monday, June 15th. Zacks Research upgraded Innodata from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings raised Innodata from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Innodata presently has an average rating of “Strong Buy” and an average target price of $130.00.

Innodata Stock Down 3.8%

INOD stock opened at $55.40 on Thursday. The company has a market capitalization of $1.81 billion, a P/E ratio of 49.91 and a beta of 2.89. Innodata Inc. has a 12 month low of $34.23 and a 12 month high of $125.14. The firm’s fifty day simple moving average is $83.27 and its 200-day simple moving average is $62.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 2.49.

Innodata (NASDAQ:INOD) last issued its 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. The firm had revenue of $90.10 million during the quarter, compared to analysts’ expectations of $76.47 million. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The firm’s revenue was up 54.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 earnings per share. As a group, equities research analysts forecast that Innodata Inc. will post 1.14 earnings per share for the current year.

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.