Insider Selling: Innodata Inc. (NASDAQ:INOD) Director Sells 200,000 Shares of Stock

Innodata Inc. (NASDAQ:INOD) Director Nauman Sabeeh Toor sold 200,000 shares of Innodata stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $45.37, for a total value of $9,074,000.00. Following the sale, the director now owns 319,401 shares in the company, valued at $14,491,223.37. The trade was a 38.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Innodata Price Performance

Innodata stock opened at $44.55 on Friday. The firm has a market capitalization of $1.29 billion, a P/E ratio of 75.51 and a beta of 2.56. Innodata Inc. has a one year low of $5.46 and a one year high of $49.72. 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 business has a fifty day moving average price of $28.62 and a 200-day moving average price of $20.36.

Analyst Upgrades and Downgrades

INOD has been the topic of a number of recent research reports. StockNews.com raised Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Craig Hallum started coverage on shares of Innodata in a report on Tuesday, September 17th. They set a “buy” rating and a $23.00 price objective on the stock. Finally, BWS Financial lifted their target price on shares of Innodata from $30.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Innodata has an average rating of “Moderate Buy” and a consensus target price of $32.67.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in INOD. nVerses Capital LLC purchased a new stake in shares of Innodata in the second quarter worth $27,000. Price T Rowe Associates Inc. MD increased its stake in Innodata by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company’s stock worth $102,000 after acquiring an additional 982 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Innodata in the 3rd quarter valued at about $206,000. BNP Paribas Financial Markets boosted its position in shares of Innodata by 38.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,443 shares of the technology company’s stock valued at $225,000 after acquiring an additional 3,739 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of Innodata by 17.4% during the third quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company’s stock worth $250,000 after purchasing an additional 2,207 shares in the last quarter. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

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.