7,153 Shares in Innodata Inc. (NASDAQ:INOD) Acquired by Calamos Advisors LLC

Calamos Advisors LLC purchased a new position in Innodata Inc. (NASDAQ:INOD) in the fourth quarter, Holdings Channel reports. The fund purchased 7,153 shares of the technology company’s stock, valued at approximately $283,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. USA Financial Formulas purchased a new position in Innodata in the fourth quarter worth approximately $36,000. Charles Schwab Investment Management Inc. lifted its position in shares of Innodata by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 76,954 shares of the technology company’s stock worth $1,291,000 after buying an additional 1,843 shares during the last quarter. Compass Ion Advisors LLC lifted its position in shares of Innodata by 5.6% during the 3rd quarter. Compass Ion Advisors LLC now owns 37,674 shares of the technology company’s stock worth $632,000 after buying an additional 2,011 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Innodata by 17.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,408 shares of the technology company’s stock worth $242,000 after buying an additional 2,099 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of 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 last quarter. Hedge funds and other institutional investors own 30.75% of the company’s stock.

Innodata Stock Performance

Shares of INOD opened at $39.29 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market capitalization of $1.14 billion, a P/E ratio of 66.59 and a beta of 2.57. The company’s fifty day moving average is $39.13 and its two-hundred day moving average is $27.39. Innodata Inc. has a 1 year low of $5.46 and a 1 year high of $55.17.

Innodata (NASDAQ:INOD) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.28. The company had revenue of $52.22 million for the quarter, compared to analysts’ expectations of $35.47 million. Innodata had a net margin of 14.57% and a return on equity of 44.38%. During the same period in the previous year, the company posted $0.01 EPS. On average, sell-side analysts predict that Innodata Inc. will post 0.62 earnings per share for the current year.

Insider Buying and Selling at Innodata

In other news, CEO Jack Abuhoff sold 225,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $46.38, for a total transaction of $10,435,500.00. Following the transaction, the chief executive officer now directly owns 1,188,358 shares of the company’s stock, valued at $55,116,044.04. This represents a 15.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stewart R. Massey sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $40.55, for a total transaction of $2,027,500.00. Following the transaction, the director now directly owns 25,262 shares in the company, valued at approximately $1,024,374.10. This trade represents a 66.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,035,083 shares of company stock valued at $46,889,370. 15.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on INOD shares. StockNews.com upgraded shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Chardan Capital restated a “buy” rating and set a $45.00 price objective on shares of Innodata in a research report on Friday, December 13th. BWS Financial boosted their price objective on shares of Innodata from $30.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Wedbush started coverage on shares of Innodata in a research report on Thursday, December 19th. They issued an “outperform” rating and a $48.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Innodata currently has a consensus rating of “Moderate Buy” and an average target price of $38.20.

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.