Innodata Inc. (NASDAQ:INOD) Director Stewart R. Massey Sells 50,000 Shares

Innodata Inc. (NASDAQ:INOD) Director Stewart R. Massey sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $40.55, for a total transaction of $2,027,500.00. Following the completion of the transaction, the director now owns 25,262 shares of the company’s stock, valued at $1,024,374.10. This trade represents a 66.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Innodata Price Performance

INOD stock traded down $0.42 on Friday, hitting $38.74. 145,184 shares of the company’s stock traded hands, compared to its average volume of 695,225. Innodata Inc. has a 1-year low of $5.46 and a 1-year high of $49.72. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 66.37 and a beta of 2.30. The stock has a fifty day moving average of $19.36 and a 200-day moving average of $16.52. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15.

Institutional Trading of Innodata

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its stake in Innodata by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company’s stock worth $102,000 after purchasing an additional 982 shares during the period. nVerses Capital LLC acquired a new position in Innodata in the 2nd quarter worth approximately $27,000. Charles Schwab Investment Management Inc. boosted its stake in Innodata by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 76,954 shares of the technology company’s stock worth $1,291,000 after purchasing an additional 1,843 shares during the period. Compass Ion Advisors LLC boosted its stake in Innodata by 5.6% in the 3rd quarter. Compass Ion Advisors LLC now owns 37,674 shares of the technology company’s stock worth $632,000 after purchasing an additional 2,011 shares during the period. Finally, Private Advisor Group LLC boosted its stake in Innodata by 17.4% in the 3rd quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company’s stock worth $250,000 after purchasing an additional 2,207 shares during the period. 30.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INOD has been the subject of several recent analyst reports. BWS Financial increased their price objective on shares of Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a report on Friday, November 8th. StockNews.com upgraded shares of Innodata to a “sell” rating in a report on Friday, November 8th. Finally, Craig Hallum initiated coverage on shares of Innodata in a report on Tuesday, September 17th. They issued a “buy” rating and a $23.00 price objective for the company. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.67.

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.