Innodata Inc. (NASDAQ:INOD) Director Sells $4,849,108.00 in Stock

Innodata Inc. (NASDAQ:INOD) Director Nauman Sabeeh Toor sold 110,207 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $44.00, for a total transaction of $4,849,108.00. Following the completion of the sale, the director now directly owns 209,194 shares in the company, valued at approximately $9,204,536. This trade represents a 34.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Nauman Sabeeh Toor also recently made the following trade(s):

• On Wednesday, December 4th, Nauman Sabeeh Toor sold 200,000 shares of Innodata stock. The stock was sold at an average price of $45.37, for a total transaction of $9,074,000.00.

Innodata Price Performance

Innodata stock traded up $0.25 during midday trading on Monday, hitting $43.26. The company’s stock had a trading volume of 2,444,323 shares, compared to its average volume of 846,891. Innodata Inc. has a 12 month low of $5.46 and a 12 month high of $55.17. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15. The stock’s 50-day moving average price is $33.10 and its 200-day moving average price is $22.22. The company has a market capitalization of $1.25 billion, a PE ratio of 73.32 and a beta of 2.55.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new stake in Innodata during the 2nd quarter worth about $27,000. Point72 Asset Management L.P. purchased a new position in shares of Innodata in the third quarter worth approximately $206,000. BNP Paribas Financial Markets raised its holdings in shares of Innodata by 38.5% during the third quarter. BNP Paribas Financial Markets now owns 13,443 shares of the technology company’s stock valued at $225,000 after acquiring an additional 3,739 shares during the period. Private Advisor Group LLC lifted its position in shares of Innodata by 17.4% in the 3rd quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company’s stock valued at $250,000 after acquiring an additional 2,207 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new position in Innodata in the 3rd quarter worth approximately $311,000. Institutional investors and hedge funds own 30.75% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Chardan Capital reiterated a “buy” rating and set a $45.00 price objective on shares of Innodata in a research report on Friday, December 13th. Wedbush initiated coverage on Innodata in a research note on Thursday. They issued an “outperform” rating and a $48.00 price target for the company. Craig Hallum began coverage on Innodata in a report on Tuesday, September 17th. They set a “buy” rating and a $23.00 price target on the stock. BWS Financial upped their price objective on shares of Innodata from $30.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, StockNews.com raised shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Innodata currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.20.

Innodata Company Profile

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.