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 that occurred on Friday, December 20th. The shares were sold at an average price of $44.00, for a total value of $4,849,108.00. Following the completion of the sale, the director now directly owns 209,194 shares of the company’s stock, valued at $9,204,536. This represents a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through 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 shares were sold at an average price of $45.37, for a total transaction of $9,074,000.00.

Innodata Price Performance

Shares of INOD stock opened at $43.09 on Thursday. The stock’s fifty day simple moving average is $34.15 and its 200 day simple moving average is $22.61. Innodata Inc. has a one year low of $5.46 and a one year high of $55.17. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 73.04 and a beta of 2.55. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84.

Analyst Upgrades and Downgrades

INOD has been the topic of several research reports. Wedbush assumed coverage on shares of Innodata in a report on Thursday, December 19th. They set an “outperform” rating and a $48.00 price objective on the stock. StockNews.com raised Innodata from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. BWS Financial lifted their price objective on Innodata from $30.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Craig Hallum began coverage on Innodata in a research note on Tuesday, September 17th. They issued a “buy” rating and a $23.00 target price for the company. Finally, Chardan Capital reiterated a “buy” rating and set a $45.00 price target on shares of Innodata in a research note on Friday, December 13th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.20.

Institutional Investors Weigh In On Innodata

Institutional investors and hedge funds have recently made changes to their positions in the company. nVerses Capital LLC acquired a new stake in shares of Innodata during the 2nd quarter worth about $27,000. Point72 Asset Management L.P. bought a new stake in Innodata during the third quarter worth about $206,000. BNP Paribas Financial Markets increased 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 worth $225,000 after buying an additional 3,739 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Innodata by 17.4% in the third 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 during the last quarter. Finally, Principal Financial Group Inc. acquired a new position in shares of Innodata in the 3rd quarter worth approximately $311,000. Institutional investors and hedge funds own 30.75% of the company’s stock.

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.