Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra Sells 48,650 Shares

Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra sold 48,650 shares of Innodata stock in a transaction on Wednesday, February 26th. The shares were 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 directly owns 60,000 shares of the company’s stock, valued at approximately $3,904,200. This trade represents a 44.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ashok Mishra also recently made the following trade(s):

• On Wednesday, December 4th, Ashok Mishra sold 58,500 shares of Innodata stock. The shares were sold at an average price of $44.97, for a total value of $2,630,745.00.

Innodata Stock Down 18.0 %

Innodata stock traded down $11.55 during trading on Thursday, hitting $52.62. 3,678,198 shares of the company were exchanged, compared to its average volume of 2,143,929. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $43.04 and its 200 day moving average is $31.14. Innodata Inc. has a 52 week low of $5.46 and a 52 week high of $71.00. The company has a market capitalization of $1.53 billion, a P/E ratio of 61.91 and a beta of 2.57.

Innodata (NASDAQ:INOD) last posted its earnings results on Thursday, February 20th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.20. Innodata had a net margin of 16.81% and a return on equity of 66.36%. The firm had revenue of $59.18 million during the quarter, compared to analyst estimates of $53.01 million. Analysts predict that Innodata Inc. will post 0.81 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com upgraded Innodata from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Maxim Group upped their target price on Innodata from $54.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. 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. Chardan Capital restated a “buy” rating and set a $45.00 price objective on shares of Innodata in a report on Friday, December 13th. Finally, BWS Financial lifted their price objective on shares of Innodata from $45.00 to $74.00 and gave the company a “buy” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.00.

Institutional Investors Weigh In On Innodata

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new position in shares of Innodata in the third quarter valued at approximately $311,000. Jennison Associates LLC bought a new position in Innodata in the 4th quarter valued at $402,000. Los Angeles Capital Management LLC bought a new position in Innodata in the 3rd quarter valued at $330,000. Geode Capital Management LLC raised its stake in shares of Innodata by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company’s stock worth $10,294,000 after purchasing an additional 13,609 shares during the period. Finally, Silverleafe Capital Partners LLC purchased a new position in shares of Innodata in the 4th quarter worth about $913,000. Hedge funds and other institutional investors own 30.75% of the company’s stock.

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.