Innodata Inc. (NASDAQ:INOD) Director Nauman Sabeeh Toor Sells 196,777 Shares

Innodata Inc. (NASDAQ:INOD) Director Nauman Sabeeh Toor sold 196,777 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $64.40, for a total transaction of $12,672,438.80. Following the sale, the director now directly owns 12,417 shares of the company’s stock, valued at $799,654.80. This represents a 94.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Nauman Sabeeh Toor also recently made the following trade(s):

• On Friday, December 20th, Nauman Sabeeh Toor sold 110,207 shares of Innodata stock. The stock was sold at an average price of $44.00, for a total value of $4,849,108.00.
• On Wednesday, December 4th, Nauman Sabeeh Toor sold 200,000 shares of Innodata stock. The shares were sold at an average price of $45.37, for a total value of $9,074,000.00.

Innodata Trading Up 10.4 %

Shares of Innodata stock opened at $64.17 on Thursday. Innodata Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $71.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 75.50 and a beta of 2.57. The stock has a 50 day moving average of $42.44 and a 200 day moving average of $30.91.

Innodata (NASDAQ:INOD) last issued its quarterly earnings data on Thursday, February 20th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping 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 return on equity of 66.36% and a net margin of 16.81%. As a group, research analysts predict that Innodata Inc. will post 0.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on INOD shares. Chardan Capital reiterated a “buy” rating and issued a $45.00 target price on shares of Innodata in a research report on Friday, December 13th. BWS Financial increased their price objective on shares of Innodata from $45.00 to $74.00 and gave the company a “buy” rating in a report on Friday, February 21st. Wedbush assumed coverage on Innodata in a report on Thursday, December 19th. They set an “outperform” rating and a $48.00 target price on the stock. Maxim Group lifted their price objective on Innodata from $54.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, StockNews.com upgraded Innodata from a “sell” rating to a “hold” rating in a 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

Institutional Investors Weigh In On Innodata

A number of institutional investors have recently made changes to their positions in INOD. Vanguard Group Inc. boosted its position in shares of Innodata by 7.7% during the 4th quarter. Vanguard Group Inc. now owns 1,639,724 shares of the technology company’s stock worth $64,802,000 after purchasing an additional 117,000 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in Innodata by 1,718.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 944,611 shares of the technology company’s stock worth $37,331,000 after purchasing an additional 892,663 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Innodata by 2.3% during the third quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company’s stock worth $10,294,000 after buying an additional 13,609 shares during the period. State Street Corp boosted its position in shares of 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 period. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Innodata in the fourth quarter valued at $16,713,000. 30.75% of the stock is currently owned by institutional investors and hedge funds.

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.