Fox Run Management L.L.C. Takes Position in Innodata Inc. (NASDAQ:INOD)

Fox Run Management L.L.C. acquired a new stake in Innodata Inc. (NASDAQ:INOD) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 17,872 shares of the technology company’s stock, valued at approximately $706,000. Fox Run Management L.L.C. owned about 0.06% of Innodata at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of INOD. Allworth Financial LP acquired a new stake in shares of Innodata in the fourth quarter worth about $29,000. USA Financial Formulas acquired a new stake in Innodata in the 4th quarter worth approximately $36,000. AlphaQuest LLC boosted its position in Innodata by 79.4% during the fourth quarter. AlphaQuest LLC now owns 1,030 shares of the technology company’s stock worth $41,000 after purchasing an additional 456 shares during the period. SBI Securities Co. Ltd. acquired a new position in Innodata during the fourth quarter valued at approximately $150,000. Finally, Spire Wealth Management bought a new position in shares of Innodata in the fourth quarter valued at approximately $166,000. 30.75% of the stock is currently owned by institutional investors.

Innodata Stock Performance

NASDAQ INOD opened at $41.82 on Monday. The company’s fifty day moving average is $44.85 and its two-hundred day moving average is $34.70. Innodata Inc. has a 52-week low of $5.46 and a 52-week high of $71.00. 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 firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 49.20 and a beta of 2.59.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. BWS Financial raised their target price on shares of Innodata from $45.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Maxim Group raised their price target on Innodata from $54.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Chardan Capital reiterated a “buy” rating and issued a $45.00 price objective on shares of Innodata in a research note on Friday, December 13th. Finally, Wedbush initiated coverage on Innodata in a research note on Thursday, December 19th. They set an “outperform” rating and a $48.00 target price for the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $53.00.

Insider Activity

In other Innodata news, CFO Marissa B. Espineli sold 30,000 shares of the firm’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 transaction, the chief financial officer now owns 18,000 shares in the company, valued at $1,171,620. This trade represents a 62.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Nauman Sabeeh Toor sold 196,777 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $799,654.80. This represents a 94.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 275,427 shares of company stock worth $17,790,794. Company insiders own 15.23% of the company’s stock.

Innodata 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.