Innodata Inc. (NASDAQ:INOD) Director Sells $180,400.00 in Stock

Innodata Inc. (NASDAQ:INOD) Director Louise C. Forlenza sold 4,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $45.10, for a total value of $180,400.00. Following the sale, the director now directly owns 8,278 shares of the company’s stock, valued at approximately $373,337.80. The trade was a 32.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Innodata Stock Down 5.1 %

Innodata stock opened at $38.33 on Thursday. 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 $49.72. The company has a fifty day simple moving average of $24.84 and a 200 day simple moving average of $18.93. The company has a market cap of $1.11 billion, a P/E ratio of 64.97 and a beta of 2.30.

Wall Street Analysts Forecast Growth

INOD has been the subject of several research reports. StockNews.com raised shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. BWS Financial lifted their price target on Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Craig Hallum began coverage on Innodata in a report on Tuesday, September 17th. They issued a “buy” rating and a $23.00 price target on the stock. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.67.

Hedge Funds Weigh In On Innodata

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Innodata by 2.0% during the first quarter. Vanguard Group Inc. now owns 1,460,430 shares of the technology company’s stock valued at $9,639,000 after purchasing an additional 28,173 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Innodata in the 1st quarter valued at approximately $8,142,000. Geode Capital Management LLC grew its stake in shares of Innodata by 2.3% in the third quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company’s stock valued at $10,294,000 after buying an additional 13,609 shares in the last quarter. State Street Corp increased its holdings in Innodata by 1.8% during the third quarter. State Street Corp now owns 537,301 shares of the technology company’s stock worth $9,011,000 after buying an additional 9,408 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C raised its position in Innodata by 309.5% during the second quarter. Deerfield Management Company L.P. Series C now owns 111,814 shares of the technology company’s stock worth $1,658,000 after acquiring an additional 84,509 shares in the last quarter. 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.