Calamos Advisors LLC Makes New $283,000 Investment in Innodata Inc. (NASDAQ:INOD)

Calamos Advisors LLC bought a new position 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 7,153 shares of the technology company’s stock, valued at approximately $283,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new stake in Innodata during the 3rd quarter worth $311,000. Los Angeles Capital Management LLC acquired a new position in shares of Innodata during the 3rd quarter valued at about $330,000. Geode Capital Management LLC boosted its position 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 valued at $10,294,000 after acquiring an additional 13,609 shares during the last quarter. Silverleafe Capital Partners LLC acquired a new position in shares of Innodata during the 4th quarter valued at about $913,000. Finally, Barclays PLC boosted its position 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 acquiring an additional 29,470 shares during the last quarter. Institutional investors and hedge funds own 30.75% of the company’s stock.

Insiders Place Their Bets

In other Innodata news, Director Nauman Sabeeh Toor sold 110,207 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $44.00, for a total value of $4,849,108.00. Following the sale, the director now owns 209,194 shares of the company’s stock, valued at $9,204,536. This trade represents a 34.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Ashok Mishra sold 58,500 shares of Innodata stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $44.97, for a total value of $2,630,745.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,035,083 shares of company stock worth $46,889,370 in the last ninety days. 15.23% of the stock is owned by corporate insiders.

Innodata Trading Up 1.4 %

NASDAQ INOD opened at $39.29 on Thursday. The firm’s 50-day moving average is $39.13 and its two-hundred day moving average is $27.39. Innodata Inc. has a 12 month low of $5.46 and a 12 month high of $55.17. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $1.14 billion, a P/E ratio of 66.59 and a beta of 2.57.

Innodata (NASDAQ:INOD) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.07 by $0.28. Innodata had a net margin of 14.57% and a return on equity of 44.38%. The business had revenue of $52.22 million during the quarter, compared to analyst estimates of $35.47 million. During the same quarter last year, the firm posted $0.01 earnings per share. On average, sell-side analysts anticipate that Innodata Inc. will post 0.62 earnings per share for the current year.

Analysts Set New Price Targets

INOD has been the topic of several recent research reports. BWS Financial boosted their price target on shares of Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Wedbush initiated coverage on shares of Innodata in a research report on Thursday, December 19th. They set an “outperform” rating and a $48.00 price target on the stock. Chardan Capital reissued a “buy” rating and set a $45.00 price target on shares of Innodata in a research report on Friday, December 13th. Finally, StockNews.com raised shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.20.

Innodata Company 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.