5,075 Shares in Innodata Inc. (NASDAQ:INOD) Bought by Clare Market Investments LLC

Clare Market Investments LLC acquired a new stake in Innodata Inc. (NASDAQ:INOD) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,075 shares of the technology company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Barclays PLC grew its holdings in shares of Innodata by 324.3% during the 3rd quarter. Barclays PLC now owns 38,557 shares of the technology company’s stock valued at $647,000 after purchasing an additional 29,470 shares during the last quarter. Silverleafe Capital Partners LLC acquired a new stake in Innodata in the fourth quarter valued at approximately $913,000. Los Angeles Capital Management LLC bought a new stake in shares of Innodata during the third quarter worth $330,000. SG Americas Securities LLC acquired a new position in shares of Innodata during the fourth quarter worth $775,000. Finally, Centiva Capital LP acquired a new position in shares of Innodata during the third quarter worth $318,000. Institutional investors own 30.75% of the company’s stock.

Insider Buying and Selling at Innodata

In related news, COO Ashok Mishra sold 48,650 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $65.07, for a total transaction of $3,165,655.50. Following the completion of the sale, the chief operating officer now owns 60,000 shares of the company’s stock, valued at $3,904,200. This trade represents a 44.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Marissa B. Espineli sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $65.09, for a total value of $1,952,700.00. Following the completion of the transaction, the chief financial officer now directly owns 18,000 shares in the company, valued at approximately $1,171,620. This trade represents a 62.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 385,634 shares of company stock valued at $22,639,902. 15.23% of the stock is currently owned by insiders.

Innodata Stock Performance

Shares of INOD stock opened at $41.10 on Tuesday. The stock has a market capitalization of $1.29 billion, a PE ratio of 48.35 and a beta of 2.59. The business’s 50 day simple moving average is $44.04 and its 200 day simple moving average is $33.03. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84. Innodata Inc. has a one year low of $5.46 and a one year high of $71.00.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wedbush started coverage on Innodata in a research report on Thursday, December 19th. They set an “outperform” rating and a $48.00 price objective on the stock. Chardan Capital restated a “buy” rating and set a $45.00 price target on shares of Innodata in a report on Friday, December 13th. StockNews.com upgraded shares of Innodata from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. BWS Financial lifted their target price on shares of Innodata from $45.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Maxim Group upped their price target on shares of Innodata from $54.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Innodata currently has an average rating of “Moderate Buy” and an average target price of $53.00.

Innodata 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.