Innodata (NASDAQ:INOD) Shares Down 4.6% – Time to Sell?

Innodata Inc. (NASDAQ:INOD)’s stock price fell 4.6% during mid-day trading on Friday . The stock traded as low as $57.12 and last traded at $57.91. 238,007 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 1,266,103 shares. The stock had previously closed at $60.71.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on INOD. Weiss Ratings cut Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Wedbush increased their price objective on Innodata from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. Zacks Research downgraded Innodata from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, BWS Financial raised shares of Innodata from a “buy” rating to a “top pick” rating and set a $110.00 price target on the stock in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.67.

Innodata Trading Down 0.9%

The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 61.50 and a beta of 2.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.69 and a current ratio of 2.69. The firm has a fifty day moving average price of $56.43 and a 200-day moving average price of $58.21.

Innodata (NASDAQ:INOD) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. The business had revenue of $62.55 million during the quarter, compared to the consensus estimate of $59.78 million. Innodata had a return on equity of 41.67% and a net margin of 14.11%.The company’s revenue for the quarter was up 19.8% on a year-over-year basis. As a group, equities analysts anticipate that Innodata Inc. will post 0.81 EPS for the current year.

Insider Buying and Selling

In other Innodata news, COO Ashok Mishra sold 200,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $61.39, for a total transaction of $12,278,000.00. Following the completion of the sale, the chief operating officer directly owned 60,000 shares in the company, valued at $3,683,400. This represents a 76.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Louise C. Forlenza sold 8,278 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $65.00, for a total value of $538,070.00. Following the completion of the sale, the director directly owned 3,943 shares in the company, valued at approximately $256,295. This represents a 67.74% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 236,372 shares of company stock valued at $14,572,507. 12.20% of the stock is currently owned by insiders.

Institutional Trading of Innodata

Several institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC grew its position in Innodata by 446.4% in the first quarter. AQR Capital Management LLC now owns 90,968 shares of the technology company’s stock valued at $3,266,000 after acquiring an additional 74,320 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Innodata by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,085 shares of the technology company’s stock worth $577,000 after acquiring an additional 711 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Innodata by 30.7% in the 1st quarter. Millennium Management LLC now owns 142,608 shares of the technology company’s stock valued at $5,120,000 after purchasing an additional 33,473 shares in the last quarter. Strs Ohio bought a new stake in shares of Innodata during the 1st quarter valued at approximately $248,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Innodata during the 2nd quarter worth approximately $332,000. 30.75% of the stock is currently owned by institutional investors.

About Innodata

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.