Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra Sells 92,726 Shares

Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra sold 92,726 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $43.16, for a total transaction of $4,002,054.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Innodata Price Performance

Shares of NASDAQ INOD traded up $3.24 during mid-day trading on Tuesday, hitting $44.68. 2,009,244 shares of the stock traded hands, compared to its average volume of 714,865. The company has a market cap of $1.30 billion, a PE ratio of 75.83 and a beta of 2.30. Innodata Inc. has a twelve month low of $5.46 and a twelve month high of $49.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a 50 day simple moving average of $20.84 and a two-hundred day simple moving average of $17.29.

Institutional Trading of Innodata

Hedge funds have recently made changes to their positions in the company. nVerses Capital LLC acquired a new stake in Innodata during the 2nd quarter worth approximately $27,000. Point72 Asset Management L.P. bought a new stake in shares of Innodata in the third quarter worth $206,000. BNP Paribas Financial Markets increased its holdings in Innodata by 38.5% in the third quarter. BNP Paribas Financial Markets now owns 13,443 shares of the technology company’s stock valued at $225,000 after purchasing an additional 3,739 shares during the period. Elkhorn Partners Limited Partnership bought a new position in Innodata during the 1st quarter worth $94,000. Finally, Private Advisor Group LLC lifted its holdings in Innodata by 17.4% during the 3rd quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company’s stock worth $250,000 after buying an additional 2,207 shares during the period. 30.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on INOD. Craig Hallum began coverage on Innodata in a research note on Tuesday, September 17th. They issued a “buy” rating and a $23.00 price target for the company. StockNews.com upgraded Innodata from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, BWS Financial boosted their price objective on shares of Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Innodata currently has an average rating of “Moderate Buy” and an average price target of $32.67.

About Innodata

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.