Principal Financial Group Inc. Purchases 36,434 Shares of Innodata Inc. $INOD

Principal Financial Group Inc. raised its position in Innodata Inc. (NASDAQ:INOD) by 70.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,516 shares of the technology company’s stock after purchasing an additional 36,434 shares during the period. Principal Financial Group Inc.’s holdings in Innodata were worth $6,822,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in shares of Innodata in the 3rd quarter valued at $50,000. Hollencrest Capital Management bought a new position in Innodata during the third quarter worth about $60,000. Silver Oak Securities Incorporated acquired a new position in Innodata in the third quarter valued at about $60,000. Private Wealth Asset Management LLC bought a new stake in shares of Innodata in the third quarter worth about $77,000. Finally, Creative Financial Designs Inc. ADV raised its position in shares of Innodata by 137.5% during the second quarter. Creative Financial Designs Inc. ADV now owns 1,900 shares of the technology company’s stock worth $97,000 after purchasing an additional 1,100 shares during the period. 30.75% of the stock is currently owned by institutional investors and hedge funds.

Innodata Stock Performance

Shares of INOD stock opened at $44.39 on Friday. Innodata Inc. has a 12 month low of $26.41 and a 12 month high of $93.85. The company’s fifty day simple moving average is $54.98 and its 200-day simple moving average is $58.56. The firm has a market cap of $1.41 billion, a PE ratio of 45.76 and a beta of 2.42. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.08.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. BWS Financial reiterated a “top pick” rating and issued a $110.00 price objective on shares of Innodata in a research report on Friday, January 30th. Zacks Research cut shares of Innodata from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Weiss Ratings lowered shares of Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Innodata in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $91.67.

Innodata Company Profile

Innodata Inc (NASDAQ: INOD) is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata’s platform enables clients to convert unstructured text, images and multimedia into high‐quality, machine‐readable formats that support search, analytics and AI model training.

The firm’s offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.