Key Points
- Innodata CFO Marissa Espineli sold 19,667 shares on May 29 at an average price of $105.88, totaling about $2.08 million. After the sale, she still held 28,014 shares, a 41.25% reduction in her position.
- The stock has been strong recently, opening at $115.32 and trading near its 12-month high of $117.19. The shares were up 9.8% in the session noted in the article.
- Innodata’s latest earnings beat expectations, reporting $0.42 EPS versus $0.08 expected and revenue of $90.1 million, up 54.5% year over year. Analysts currently have a consensus rating of “Moderate Buy” with a $105 target price.
Innodata Inc. (NASDAQ:INOD - Get Free Report) CFO Marissa Espineli sold 19,667 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $105.88, for a total transaction of $2,082,341.96. Following the sale, the chief financial officer directly owned 28,014 shares in the company, valued at approximately $2,966,122.32. This represents a 41.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Innodata Stock Up 9.8%
Shares of NASDAQ:INOD opened at $115.32 on Tuesday. Innodata Inc. has a 12 month low of $34.23 and a 12 month high of $117.19. The company's 50-day moving average price is $60.14 and its two-hundred day moving average price is $55.25. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.07. The firm has a market cap of $3.77 billion, a P/E ratio of 103.89 and a beta of 2.82.
Innodata (NASDAQ:INOD - Get Free Report) last issued its earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.34. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The company had revenue of $90.10 million for the quarter, compared to analyst estimates of $76.47 million. During the same quarter last year, the firm earned $0.22 EPS. The company's revenue for the quarter was up 54.5% on a year-over-year basis. As a group, research analysts forecast that Innodata Inc. will post 0.99 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System lifted its stake in Innodata by 2.4% in the third quarter. Arizona State Retirement System now owns 9,386 shares of the technology company's stock valued at $723,000 after buying an additional 217 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in Innodata by 3.5% in the first quarter. Glenmede Trust Co. NA now owns 7,336 shares of the technology company's stock valued at $283,000 after buying an additional 248 shares in the last quarter. Prosperity Wealth Management Inc. lifted its stake in Innodata by 4.0% in the third quarter. Prosperity Wealth Management Inc. now owns 10,500 shares of the technology company's stock valued at $809,000 after buying an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Innodata by 5.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,703 shares of the technology company's stock valued at $392,000 after buying an additional 418 shares in the last quarter. Finally, Texas Yale Capital Corp. lifted its stake in Innodata by 5.5% in the fourth quarter. Texas Yale Capital Corp. now owns 8,440 shares of the technology company's stock valued at $430,000 after buying an additional 440 shares in the last quarter. Institutional investors own 30.75% of the company's stock.
Wall Street Analyst Weigh In
INOD has been the subject of several analyst reports. Weiss Ratings cut shares of Innodata from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, May 19th. Wedbush lifted their price target on shares of Innodata from $80.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, May 14th. Wall Street Zen upgraded shares of Innodata from a "sell" rating to a "hold" rating in a research report on Saturday, March 21st. Finally, BWS Financial reiterated a "top pick" rating and set a $110.00 price target on shares of Innodata in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Innodata currently has a consensus rating of "Moderate Buy" and a consensus target price of $105.00.
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Innodata Company Profile
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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.
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