Bleakley Financial Group LLC Makes New $900,000 Investment in Innodata Inc. $INOD

Bleakley Financial Group LLC bought a new stake in shares of Innodata Inc. (NASDAQ:INOD) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 17,662 shares of the technology company’s stock, valued at approximately $900,000.

Several other large investors have also made changes to their positions in the company. Arizona State Retirement System grew its stake in shares of Innodata by 2.4% in the 3rd quarter. Arizona State Retirement System now owns 9,386 shares of the technology company’s stock valued at $723,000 after buying an additional 217 shares in the last quarter. Prosperity Wealth Management Inc. raised its stake in shares of Innodata by 4.0% in the third quarter. Prosperity Wealth Management Inc. now owns 10,500 shares of the technology company’s stock valued at $809,000 after purchasing an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Innodata by 5.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,703 shares of the technology company’s stock valued at $392,000 after acquiring an additional 418 shares during the period. IFP Advisors Inc grew its position in Innodata by 74.8% in the fourth quarter. IFP Advisors Inc now owns 1,166 shares of the technology company’s stock valued at $59,000 after acquiring an additional 499 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Innodata by 3.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,613 shares of the technology company’s stock worth $851,000 after purchasing an additional 528 shares during the last quarter. Institutional investors own 30.75% of the company’s stock.

Insider Activity at Innodata

In related news, Director Stewart R. Massey sold 10,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $96.00, for a total transaction of $960,000.00. Following the completion of the sale, the director directly owned 11,000 shares of the company’s stock, valued at approximately $1,056,000. This trade represents a 47.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Louise C. Forlenza sold 18,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $94.47, for a total value of $1,700,460.00. Following the completion of the sale, the director directly owned 3,943 shares of the company’s stock, valued at $372,495.21. This represents a 82.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,014,907 shares of company stock valued at $94,584,893. 11.80% of the stock is owned by insiders.

Innodata Stock Up 5.7%

Shares of Innodata stock opened at $104.98 on Friday. Innodata Inc. has a one year low of $34.23 and a one year high of $114.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 2.49. The stock’s 50-day moving average is $58.72 and its 200 day moving average is $54.97. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 94.58 and a beta of 2.40.

Innodata (NASDAQ:INOD) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.34. The business had revenue of $90.10 million for the quarter, compared to analyst estimates of $76.47 million. Innodata had a return on equity of 37.49% and a net margin of 13.86%.The company’s quarterly revenue was up 54.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 earnings per share. Equities research analysts anticipate that Innodata Inc. will post 0.99 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wedbush raised their price target on Innodata from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. BWS Financial reiterated a “top pick” rating and set a $110.00 target price on shares of Innodata in a research note on Friday, April 10th. Wall Street Zen upgraded Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Weiss Ratings cut Innodata from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Innodata has a consensus rating of “Moderate Buy” and a consensus price target of $105.00.

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.