SBI Securities Co. Ltd. Acquires New Stake in Innodata Inc. (NASDAQ:INOD)

SBI Securities Co. Ltd. acquired a new stake in Innodata Inc. (NASDAQ:INOD) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 3,803 shares of the technology company’s stock, valued at approximately $150,000.

Several other institutional investors have also added to or reduced their stakes in INOD. Geode Capital Management LLC increased its stake in Innodata by 2.3% in the 3rd 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 during the last quarter. State Street Corp increased its stake in Innodata by 1.8% in the 3rd quarter. State Street Corp now owns 537,301 shares of the technology company’s stock valued at $9,011,000 after buying an additional 9,408 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Innodata by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 76,954 shares of the technology company’s stock valued at $1,291,000 after buying an additional 1,843 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Innodata by 30.7% in the 4th quarter. Bank of New York Mellon Corp now owns 72,226 shares of the technology company’s stock valued at $2,854,000 after buying an additional 16,961 shares during the last quarter. Finally, Barclays PLC increased its stake in Innodata by 324.3% in the 3rd quarter. Barclays PLC now owns 38,557 shares of the technology company’s stock valued at $647,000 after buying an additional 29,470 shares during the last quarter. 30.75% of the stock is owned by institutional investors.

Insider Buying and Selling at Innodata

In other Innodata news, Director Nauman Sabeeh Toor sold 196,777 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $64.40, for a total value of $12,672,438.80. Following the completion of the sale, the director now owns 12,417 shares of the company’s stock, valued at $799,654.80. The trade was a 94.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Marissa B. Espineli sold 30,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $65.09, for a total transaction of $1,952,700.00. Following the completion of the sale, the chief financial officer now directly owns 18,000 shares of the company’s stock, valued at $1,171,620. This represents a 62.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 385,634 shares of company stock valued at $22,639,902 in the last quarter. Company insiders own 15.23% of the company’s stock.

Innodata Stock Up 2.0 %

Shares of INOD opened at $47.25 on Friday. Innodata Inc. has a 52 week low of $5.46 and a 52 week high of $71.00. The firm has a market cap of $1.48 billion, a P/E ratio of 55.59 and a beta of 2.59. The firm’s 50-day simple moving average is $44.06 and its 200 day simple moving average is $32.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Chardan Capital reiterated a “buy” rating and issued a $45.00 price target on shares of Innodata in a research note on Friday, December 13th. Wedbush initiated coverage on shares of Innodata in a research note on Thursday, December 19th. They issued an “outperform” rating and a $48.00 price target on the stock. BWS Financial boosted their price objective on shares of Innodata from $45.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Maxim Group boosted their price objective on shares of Innodata from $54.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Innodata presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

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.