Nauman Sabeeh Toor Sells 196,777 Shares of Innodata Inc. (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) Director Nauman Sabeeh Toor sold 196,777 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $64.40, for a total value of $12,672,438.80. Following the completion of the sale, the director now owns 12,417 shares of the company’s stock, valued at $799,654.80. This trade represents a 94.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, December 20th, Nauman Sabeeh Toor sold 110,207 shares of Innodata stock. The shares were sold at an average price of $44.00, for a total value of $4,849,108.00.
• 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 value of $9,074,000.00.

Innodata Stock Down 18.0 %

Innodata stock opened at $52.62 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15. Innodata Inc. has a 1-year low of $5.46 and a 1-year high of $71.00. The company has a fifty day simple moving average of $43.30 and a 200 day simple moving average of $31.29. The company has a market cap of $1.53 billion, a P/E ratio of 61.91 and a beta of 2.57.

Innodata (NASDAQ:INOD) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.20. Innodata had a return on equity of 66.36% and a net margin of 16.81%. The company had revenue of $59.18 million during the quarter, compared to analysts’ expectations of $53.01 million. Research analysts anticipate that Innodata Inc. will post 0.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on INOD. BWS Financial lifted their price target on shares of Innodata from $45.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Chardan Capital reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Innodata in a research report on Friday, December 13th. Wedbush started coverage on Innodata in a report on Thursday, December 19th. They set an “outperform” rating and a $48.00 target price for the company. Maxim Group lifted their price target on Innodata from $54.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, StockNews.com raised Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. One 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, the company presently has an average rating of “Moderate Buy” and an average target price of $53.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC boosted its holdings 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 buying an additional 2,207 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Innodata during the third quarter worth $311,000. Los Angeles Capital Management LLC bought a new stake in Innodata during the third quarter worth $330,000. Charles Schwab Investment Management Inc. lifted its stake in Innodata by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 76,954 shares of the technology company’s stock valued at $1,291,000 after acquiring an additional 1,843 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Innodata by 38.5% in the 3rd 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. 30.75% of the stock is currently owned by institutional investors.

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.