Innodata (NASDAQ:INOD) COO Ashok Mishra Sells 38,666 Shares of Stock

Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra sold 38,666 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $114.34, for a total transaction of $4,421,070.44. Following the sale, the chief operating officer owned 83,179 shares of the company’s stock, valued at approximately $9,510,686.86. This trade represents a 31.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Ashok Mishra also recently made the following trade(s):

• On Tuesday, May 12th, Ashok Mishra sold 242,901 shares of Innodata stock. The stock was sold at an average price of $90.15, for a total transaction of $21,897,525.15.

Innodata Trading Down 5.2%

NASDAQ:INOD opened at $108.27 on Thursday. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 97.54 and a beta of 2.83. The firm has a fifty day simple moving average of $62.81 and a two-hundred day simple moving average of $55.98. Innodata Inc. has a 12 month low of $34.23 and a 12 month high of $118.45.

Innodata (NASDAQ:INOD) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.34. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The firm had revenue of $90.10 million for the quarter, compared to analyst estimates of $76.47 million. During the same period last year, the firm earned $0.22 earnings per share. The business’s quarterly revenue was up 54.5% compared to the same quarter last year. Analysts expect that Innodata Inc. will post 0.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

INOD has been the topic of several research reports. Weiss Ratings lowered shares of Innodata from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Wedbush boosted their price target on shares of Innodata from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. BWS Financial reissued a “top pick” rating and issued a $110.00 price target on shares of Innodata in a research note on Friday, April 10th. Finally, Wall Street Zen upgraded shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $105.00.

Hedge Funds Weigh In On Innodata

Several large investors have recently made changes to their positions in INOD. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Innodata during the fourth quarter valued at approximately $26,000. Farther Finance Advisors LLC lifted its holdings in shares of Innodata by 506.0% during the fourth quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock valued at $41,000 after purchasing an additional 673 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of Innodata during the first quarter valued at approximately $45,000. IFP Advisors Inc lifted its holdings in shares of Innodata by 1,567.5% during the third quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock valued at $51,000 after purchasing an additional 627 shares during the last quarter. Finally, Leonteq Securities AG bought a new stake in Innodata during the 4th quarter valued at about $51,000. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

About Innodata

Innodata Inc (NASDAQ: INOD) is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata’s platform enables clients to convert unstructured text, images and multimedia into high?quality, machine?readable formats that support search, analytics and AI model training.

The firm’s offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.