Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra Sells 92,726 Shares of Stock

Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra sold 92,726 shares of Innodata stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $43.16, for a total value of $4,002,054.16. The sale was disclosed in a filing with the SEC, which is available at this link.

Innodata Price Performance

Shares of Innodata stock opened at $44.68 on Wednesday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 75.73 and a beta of 2.30. Innodata Inc. has a twelve month low of $5.46 and a twelve month high of $49.72. The company has a 50-day simple moving average of $20.84 and a two-hundred day simple moving average of $17.29.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on INOD shares. StockNews.com raised Innodata from a “sell” rating to a “hold” rating in a report on Saturday. Craig Hallum began coverage on Innodata in a research report on Tuesday, September 17th. They issued a “buy” rating and a $23.00 target price on the stock. Finally, BWS Financial lifted their price target on Innodata from $30.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.67.

Institutional Investors Weigh In On Innodata

Institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC bought a new position in Innodata in the first quarter valued at approximately $8,142,000. Deerfield Management Company L.P. Series C grew its position in Innodata by 309.5% in the second quarter. Deerfield Management Company L.P. Series C now owns 111,814 shares of the technology company’s stock valued at $1,658,000 after acquiring an additional 84,509 shares during the last quarter. Rathbones Group PLC bought a new position in Innodata in the second quarter valued at about $916,000. Marshall Wace LLP increased its position in Innodata by 83.9% during the 2nd quarter. Marshall Wace LLP now owns 85,395 shares of the technology company’s stock worth $1,266,000 after purchasing an additional 38,954 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Innodata by 324.3% during the third quarter. Barclays PLC now owns 38,557 shares of the technology company’s stock worth $647,000 after buying an additional 29,470 shares during the last quarter. 30.75% of the stock is currently owned by institutional investors.

Innodata Company Profile

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.