Vancity Investment Management Ltd Sells 12,470 Shares of Innodata Inc. $INOD

Vancity Investment Management Ltd trimmed its holdings in Innodata Inc. (NASDAQ:INOD) by 71.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,000 shares of the technology company’s stock after selling 12,470 shares during the period. Vancity Investment Management Ltd’s holdings in Innodata were worth $255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RFG Advisory LLC purchased a new stake in shares of Innodata in the 4th quarter worth $5,750,000. WINTON GROUP Ltd bought a new position in shares of Innodata during the 3rd quarter worth $1,834,000. Bleakley Financial Group LLC purchased a new position in shares of Innodata during the fourth quarter valued at $900,000. UBS Group AG increased its stake in shares of Innodata by 37.1% during the fourth quarter. UBS Group AG now owns 350,928 shares of the technology company’s stock valued at $17,880,000 after buying an additional 95,002 shares during the period. Finally, Next Century Growth Investors LLC raised its holdings in shares of Innodata by 107.5% in the fourth quarter. Next Century Growth Investors LLC now owns 365,835 shares of the technology company’s stock valued at $18,639,000 after acquiring an additional 189,488 shares in the last quarter. 30.75% of the stock is owned by institutional investors.

Insider Activity

In other Innodata news, COO Ashok Mishra sold 242,901 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $90.15, for a total value of $21,897,525.15. Following the completion of the transaction, the chief operating officer directly owned 95,179 shares in the company, valued at approximately $8,580,386.85. The trade was a 71.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jack Abuhoff sold 200,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $110.20, for a total transaction of $22,040,000.00. Following the completion of the transaction, the chief executive officer owned 1,340,456 shares of the company’s stock, valued at $147,718,251.20. This represents a 12.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,472,885 shares of company stock worth $143,998,492 in the last quarter. 11.80% of the stock is owned by insiders.

Innodata Trading Down 7.0%

Shares of NASDAQ:INOD opened at $95.38 on Friday. Innodata Inc. has a 12-month low of $34.23 and a 12-month high of $125.14. The business’s fifty day simple moving average is $76.86 and its 200-day simple moving average is $59.67. The company has a market capitalization of $3.11 billion, a PE ratio of 85.92 and a beta of 2.83. 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 released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.08 by $0.34. The firm had revenue of $90.10 million during 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%.The business’s revenue for the quarter was up 54.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS. As a group, equities research analysts predict that Innodata Inc. will post 1.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on INOD shares. Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Wedbush raised their target price on shares of Innodata from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. Weiss Ratings upgraded shares of Innodata from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. Finally, BWS Financial reaffirmed a “buy” rating on shares of Innodata in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $130.00.

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.