Marissa B. Espineli Sells 38,333 Shares of Innodata Inc. (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) CFO Marissa B. Espineli sold 38,333 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $47.17, for a total value of $1,808,167.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Innodata Stock Performance

Shares of Innodata stock opened at $44.77 on Friday. Innodata Inc. has a 12 month low of $5.46 and a 12 month high of $49.72. The firm has a market capitalization of $1.30 billion, a P/E ratio of 75.88 and a beta of 2.30. 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 has a fifty day simple moving average of $23.23 and a two-hundred day simple moving average of $18.21.

Institutional Investors Weigh In On Innodata

Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its holdings in shares of Innodata by 11.2% during the first quarter. BNP Paribas Financial Markets now owns 22,208 shares of the technology company’s stock valued at $147,000 after buying an additional 2,230 shares during the last quarter. Vanguard Group Inc. lifted its position in Innodata by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 1,460,430 shares of the technology company’s stock valued at $9,639,000 after acquiring an additional 28,173 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Innodata by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company’s stock valued at $102,000 after purchasing an additional 982 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Innodata in the 1st quarter worth $8,142,000. Finally, Elkhorn Partners Limited Partnership purchased a new stake in shares of Innodata during the first quarter valued at $94,000. 30.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on INOD. BWS Financial boosted their target price on shares of Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a report on Friday, November 8th. StockNews.com upgraded Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Finally, Craig Hallum initiated coverage on shares of Innodata in a research report on Tuesday, September 17th. They issued a “buy” rating and a $23.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Innodata currently has an average rating of “Moderate Buy” and a consensus target price of $32.67.

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.