Key Points
- Innodata Director Stewart Massey sold 10,000 shares on May 15 at an average price of $96.00, totaling $960,000. After the sale, he still held 11,000 shares, reducing his position by 47.62%.
- The stock was trading lower, opening at $94.72 and down 1.4% on the day, while still sitting well above its 52-week low of $33.77 and below its high of $114.77.
- Innodata posted strong quarterly results, reporting EPS of $0.42 versus $0.08 expected and revenue of $90.10 million, up 54.5% year over year. Analysts currently view the stock as a Moderate Buy with a consensus price target of $105.00.
Innodata Inc. (NASDAQ:INOD - Get Free Report) Director Stewart Massey sold 10,000 shares of the company's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $96.00, for a total value of $960,000.00. Following the sale, the director owned 11,000 shares of the company's stock, valued at $1,056,000. This trade represents a 47.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Innodata Trading Down 1.4%
Shares of Innodata stock opened at $94.72 on Tuesday. The stock has a fifty day simple moving average of $49.46 and a 200 day simple moving average of $53.22. Innodata Inc. has a 12-month low of $33.77 and a 12-month high of $114.77. The company has a market capitalization of $3.09 billion, a P/E ratio of 85.33 and a beta of 2.40. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.07.
Innodata (NASDAQ:INOD - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.34. Innodata had a return on equity of 37.49% and a net margin of 13.86%.The business had revenue of $90.10 million during the quarter, compared to the consensus estimate of $76.47 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. Innodata's revenue was up 54.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Innodata Inc. will post 0.99 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on INOD shares. Wall Street Zen raised shares of Innodata from a "sell" rating to a "hold" rating in a research report on Saturday, March 21st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Innodata in a research report on Friday, April 10th. BWS Financial reaffirmed a "top pick" rating and issued a $110.00 price objective on shares of Innodata in a research report on Friday, April 10th. Finally, Wedbush upped their price objective on Innodata from $80.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Innodata has a consensus rating of "Moderate Buy" and a consensus price target of $105.00.
Get Our Latest Report on INOD
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in INOD. HRT Financial LP grew its stake in shares of Innodata by 746.1% during the 2nd quarter. HRT Financial LP now owns 218,635 shares of the technology company's stock worth $11,198,000 after acquiring an additional 192,794 shares during the period. Next Century Growth Investors LLC boosted its holdings in Innodata by 107.5% in the 4th quarter. Next Century Growth Investors LLC now owns 365,835 shares of the technology company's stock worth $18,639,000 after buying an additional 189,488 shares during the period. First Trust Advisors LP bought a new position in Innodata in the 2nd quarter worth approximately $7,825,000. Dimensional Fund Advisors LP boosted its holdings in Innodata by 32.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 583,239 shares of the technology company's stock worth $22,517,000 after buying an additional 142,192 shares during the period. Finally, RFG Advisory LLC bought a new position in Innodata in the 4th quarter worth approximately $5,750,000. Institutional investors own 30.75% of the company's stock.
Innodata Company Profile
(
Get Free Report)
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.
Further Reading
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