Innodata (NASDAQ:INOD) Director Louise Forlenza Sells 18,000 Shares

Innodata Inc. (NASDAQ:INOD) Director Louise Forlenza sold 18,000 shares of Innodata stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $94.47, for a total transaction of $1,700,460.00. Following the transaction, the director directly owned 3,943 shares in the company, valued at $372,495.21. This trade represents a 82.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Innodata Trading Up 4.0%

Shares of Innodata stock traded up $3.82 during trading on Thursday, reaching $98.53. The company’s stock had a trading volume of 1,821,718 shares, compared to its average volume of 1,580,590. Innodata Inc. has a 52-week low of $33.77 and a 52-week high of $114.77. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 88.77 and a beta of 2.40. The firm’s 50-day moving average is $51.30 and its two-hundred day moving average is $53.43. The company has a quick ratio of 2.49, a current 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 for the quarter, topping the consensus estimate of $0.08 by $0.34. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The business had revenue of $90.10 million during the quarter, compared to the consensus estimate of $76.47 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The firm’s revenue for the quarter was up 54.5% on a year-over-year basis. On average, sell-side analysts anticipate that Innodata Inc. will post 0.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Arizona State Retirement System lifted its holdings in Innodata by 2.4% in the 3rd quarter. Arizona State Retirement System now owns 9,386 shares of the technology company’s stock worth $723,000 after buying an additional 217 shares during the period. New York State Teachers Retirement System boosted its position in shares of Innodata by 11.2% during the third quarter. New York State Teachers Retirement System now owns 2,747 shares of the technology company’s stock valued at $212,000 after purchasing an additional 277 shares in the last quarter. Prosperity Wealth Management Inc. grew its stake in Innodata by 4.0% in the third quarter. Prosperity Wealth Management Inc. now owns 10,500 shares of the technology company’s stock worth $809,000 after purchasing an additional 400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Innodata by 5.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,703 shares of the technology company’s stock worth $392,000 after purchasing an additional 418 shares in the last quarter. Finally, Texas Yale Capital Corp. raised its holdings in Innodata by 5.5% in the fourth quarter. Texas Yale Capital Corp. now owns 8,440 shares of the technology company’s stock worth $430,000 after purchasing an additional 440 shares in the last quarter. Hedge funds and other institutional investors 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.