Ashok Mishra Sells 69,218 Shares of Innodata Inc. (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra sold 69,218 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $47.13, for a total value of $3,262,244.34. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ashok Mishra also recently made the following trade(s):

• On Tuesday, November 19th, Ashok Mishra sold 92,726 shares of Innodata stock. The stock was sold at an average price of $43.16, for a total value of $4,002,054.16.

Innodata Price Performance

Shares of INOD stock opened at $44.77 on Friday. Innodata Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $49.72. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 75.88 and a beta of 2.30. The stock’s 50-day simple moving average is $22.64 and its 200-day simple moving average is $17.95.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. BWS Financial increased their price target on shares of Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, November 8th. StockNews.com raised shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Finally, Craig Hallum assumed coverage on shares of Innodata in a report on Tuesday, September 17th. They issued a “buy” rating and a $23.00 price target on the stock. 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.67.

Institutional Trading of Innodata

Several large investors have recently bought and sold shares of INOD. BNP Paribas Financial Markets raised its holdings in shares of Innodata by 11.2% in the first quarter. BNP Paribas Financial Markets now owns 22,208 shares of the technology company’s stock worth $147,000 after buying an additional 2,230 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Innodata by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 1,460,430 shares of the technology company’s stock valued at $9,639,000 after acquiring an additional 28,173 shares during the period. Elkhorn Partners Limited Partnership purchased a new position in Innodata in the 1st quarter worth $94,000. Price T Rowe Associates Inc. MD lifted its position in Innodata by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company’s stock worth $102,000 after acquiring an additional 982 shares during the period. Finally, Janus Henderson Group PLC purchased a new stake in Innodata during the 1st quarter valued at about $8,142,000. Hedge funds and other institutional investors own 30.75% of the company’s stock.

About Innodata

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.