Innodata (NASDAQ:INOD) Director Louise Forlenza Sells 15,000 Shares

Innodata Inc. (NASDAQ:INOD) Director Louise Forlenza sold 15,000 shares of Innodata stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $92.33, for a total transaction of $1,384,950.00. Following the completion of the transaction, the director directly owned 3,943 shares in the company, valued at approximately $364,057.19. The trade was a 79.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Innodata Stock Up 7.4%

INOD traded up $6.52 during trading on Wednesday, reaching $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 debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 2.49. Innodata Inc. has a 12 month low of $33.77 and a 12 month high of $114.77. The business’s fifty day moving average price is $51.30 and its 200 day moving average price is $53.43. The company has a market cap of $3.09 billion, a P/E ratio of 85.32 and a beta of 2.40.

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

Institutional Trading of Innodata

Institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Innodata in the fourth quarter worth $26,000. IFP Advisors Inc raised its position in Innodata by 1,567.5% during the third quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock worth $51,000 after acquiring an additional 627 shares in the last quarter. Goodman Advisory Group LLC bought a new stake in Innodata during the third quarter worth $52,000. Hollencrest Capital Management acquired a new position in shares of Innodata in the third quarter valued at $60,000. Finally, Bessemer Group Inc. acquired a new position in shares of Innodata in the third quarter valued at $62,000. Institutional investors own 30.75% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.