Innodata (NASDAQ:INOD) Director Louise Forlenza Sells 5,000 Shares

Innodata Inc. (NASDAQ:INOD) Director Louise Forlenza sold 5,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $86.10, for a total value of $430,500.00. Following the completion of the transaction, the director directly owned 3,943 shares of the company’s stock, valued at approximately $339,492.30. This represents a 55.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Innodata Trading Up 7.4%

NASDAQ:INOD traded up $6.52 during trading hours on Wednesday, hitting $94.71. The company had a trading volume of 1,921,092 shares, compared to its average volume of 2,992,375. The company has a 50-day moving average of $51.30 and a 200 day moving average of $53.43. Innodata Inc. has a 1 year low of $33.77 and a 1 year high of $114.77. The company has a market cap of $3.09 billion, a P/E ratio of 85.32 and a beta of 2.40. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.07.

Innodata (NASDAQ:INOD) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.34. The company had revenue of $90.10 million for the quarter, compared to analyst estimates of $76.47 million. Innodata had a return on equity of 37.49% and a net margin of 13.86%.Innodata’s revenue for the quarter was up 54.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 EPS. Sell-side analysts expect that Innodata Inc. will post 0.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wall Street Zen raised Innodata from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Wedbush lifted their price target on Innodata from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Weiss Ratings downgraded Innodata from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. Finally, BWS Financial restated a “top pick” rating and issued a $110.00 price objective on shares of Innodata in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.00.

Institutional Investors Weigh In On Innodata

A number of large investors have recently modified their holdings of INOD. Bank of America Corp DE grew its stake in Innodata by 156.3% during the 1st quarter. Bank of America Corp DE now owns 102,268 shares of the technology company’s stock valued at $3,950,000 after purchasing an additional 62,361 shares in the last quarter. H&H International Investment LLC bought a new stake in shares of Innodata in the 1st quarter worth approximately $386,000. Janus Henderson Group PLC lifted its holdings in shares of Innodata by 13.8% in the 1st quarter. Janus Henderson Group PLC now owns 526,012 shares of the technology company’s stock worth $20,315,000 after purchasing an additional 63,779 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Innodata by 36.8% in the 1st quarter. California State Teachers Retirement System now owns 40,611 shares of the technology company’s stock worth $1,568,000 after purchasing an additional 10,927 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in Innodata by 16.7% during the 1st quarter. Royal Bank of Canada now owns 169,054 shares of the technology company’s stock valued at $6,528,000 after acquiring an additional 24,216 shares in the last quarter. Institutional investors and hedge funds own 30.75% of the company’s stock.

Innodata Company Profile

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.