Innodata Inc. (NASDAQ:INOD - Get Free Report) Director Nauman Sabeeh Toor sold 196,777 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $64.40, for a total transaction of $12,672,438.80. Following the sale, the director now owns 12,417 shares in the company, valued at approximately $799,654.80. This trade represents a 94.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Nauman Sabeeh Toor also recently made the following trade(s):
- On Friday, December 20th, Nauman Sabeeh Toor sold 110,207 shares of Innodata stock. The stock was sold at an average price of $44.00, for a total transaction of $4,849,108.00.
- On Wednesday, December 4th, Nauman Sabeeh Toor sold 200,000 shares of Innodata stock. The shares were sold at an average price of $45.37, for a total value of $9,074,000.00.
Innodata Trading Up 10.4 %
INOD opened at $64.17 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84. Innodata Inc. has a one year low of $5.46 and a one year high of $71.00. The company has a market cap of $1.86 billion, a P/E ratio of 75.50 and a beta of 2.57. The business's 50-day simple moving average is $42.44 and its 200-day simple moving average is $30.91.
Innodata (NASDAQ:INOD - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.11 by $0.20. The company had revenue of $59.18 million for the quarter, compared to analyst estimates of $53.01 million. Innodata had a net margin of 16.81% and a return on equity of 66.36%. As a group, equities research analysts expect that Innodata Inc. will post 0.81 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on INOD shares. Chardan Capital restated a "buy" rating and set a $45.00 price target on shares of Innodata in a report on Friday, December 13th. BWS Financial upped their target price on shares of Innodata from $45.00 to $74.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Maxim Group raised their target price on shares of Innodata from $54.00 to $75.00 and gave the company a "buy" rating in a report on Friday, February 21st. StockNews.com upgraded shares of Innodata from a "sell" rating to a "hold" rating in a report on Saturday, November 16th. Finally, Wedbush initiated coverage on shares of Innodata in a research report on Thursday, December 19th. They issued an "outperform" rating and a $48.00 price objective on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $53.00.
Get Our Latest Stock Analysis on INOD
Institutional Investors Weigh In On Innodata
Hedge funds and other institutional investors have recently bought and sold shares of the stock. D. E. Shaw & Co. Inc. boosted its stake in Innodata by 1,718.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 944,611 shares of the technology company's stock valued at $37,331,000 after acquiring an additional 892,663 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Innodata during the fourth quarter worth about $16,713,000. JPMorgan Chase & Co. lifted its holdings in shares of Innodata by 2,038.4% in the 4th quarter. JPMorgan Chase & Co. now owns 308,095 shares of the technology company's stock valued at $12,176,000 after purchasing an additional 293,687 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Innodata in the 4th quarter valued at about $11,283,000. Finally, Ameriprise Financial Inc. grew its stake in Innodata by 322.9% during the 4th quarter. Ameriprise Financial Inc. now owns 318,096 shares of the technology company's stock worth $13,649,000 after buying an additional 242,871 shares during the last quarter. 30.75% of the stock is currently owned by institutional investors and hedge funds.
About Innodata
(
Get Free Report)
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.
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