Key Points
- Director Louise Forlenza sold 10,000 Innodata shares at an average price of $55.01, generating $550,100. Her remaining stake fell to 5,424 shares, an approximately 64.83% reduction.
- Innodata reported strong quarterly results, with EPS of $0.41 versus estimates of $0.21 and revenue of $92.14 million, up 57.8% year over year.
- Analyst sentiment remains positive overall, with a “Moderate Buy” consensus and a $130 average price target, while institutional investors own 30.75% of the company.
Innodata Inc. (NASDAQ:INOD - Get Free Report) Director Louise Forlenza sold 10,000 shares of the business's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $55.01, for a total value of $550,100.00. Following the completion of the sale, the director owned 5,424 shares in the company, valued at $298,374.24. This represents a 64.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Innodata Stock Performance
NASDAQ INOD opened at $55.66 on Friday. The company has a market cap of $1.91 billion, a P/E ratio of 42.17 and a beta of 2.88. Innodata Inc. has a 1-year low of $34.23 and a 1-year high of $125.14. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a 50-day moving average of $63.05 and a two-hundred day moving average of $63.55.
Innodata (NASDAQ:INOD - Get Free Report) last released its earnings results on Thursday, August 6th. The technology company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.20. Innodata had a net margin of 14.66% and a return on equity of 37.79%. The firm had revenue of $92.14 million for the quarter, compared to analyst estimates of $86.31 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The business's quarterly revenue was up 57.8% compared to the same quarter last year. As a group, analysts anticipate that Innodata Inc. will post 1.18 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on INOD. BWS Financial restated a "top pick" rating and issued a $140.00 price target on shares of Innodata in a research note on Friday, August 7th. Zacks Research cut Innodata from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Weiss Ratings lowered Innodata from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Finally, Wedbush raised their target price on Innodata from $100.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $130.00.
View Our Latest Research Report on Innodata
Institutional Investors Weigh In On Innodata
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System increased its position in Innodata by 7,279.0% during the second quarter. California State Teachers Retirement System now owns 2,996,671 shares of the technology company's stock worth $226,488,000 after buying an additional 2,956,060 shares during the period. HRT Financial LP increased its position in 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 purchasing an additional 192,794 shares during the period. Next Century Growth Investors LLC raised its position in Innodata by 107.5% in the fourth quarter. Next Century Growth Investors LLC now owns 365,835 shares of the technology company's stock worth $18,639,000 after acquiring an additional 189,488 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Innodata during the 2nd quarter valued at approximately $7,825,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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 in the last quarter. 30.75% of the stock is owned by hedge funds and other institutional investors.
Innodata Company Profile
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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.
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