Jump Financial LLC Buys New Stake in Innodata Inc. (NASDAQ:INOD)

Jump Financial LLC purchased a new stake in shares of Innodata Inc. (NASDAQ:INOD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 211,737 shares of the technology company's stock, valued at approximately $8,368,000. Jump Financial LLC owned approximately 0.73% of Innodata at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of Innodata by 2,038.4% during the 4th quarter. JPMorgan Chase & Co. now owns 308,095 shares of the technology company's stock valued at $12,176,000 after acquiring an additional 293,687 shares in the last quarter. Wellington Management Group LLP purchased a new position in Innodata in the fourth quarter valued at about $11,283,000. Trexquant Investment LP grew its stake in Innodata by 222.8% in the fourth quarter. Trexquant Investment LP now owns 300,488 shares of the technology company's stock valued at $11,875,000 after purchasing an additional 207,409 shares in the last quarter. Vanguard Group Inc. increased its position in Innodata by 7.7% in the 4th quarter. Vanguard Group Inc. now owns 1,639,724 shares of the technology company's stock worth $64,802,000 after purchasing an additional 117,000 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in shares of Innodata during the 4th quarter worth about $2,328,000. 30.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Nauman Sabeeh Toor sold 196,777 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $64.40, for a total transaction of $12,672,438.80. Following the transaction, the director now directly owns 12,417 shares in the company, valued at $799,654.80. The trade was a 94.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Ashok Mishra sold 48,650 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $65.07, for a total value of $3,165,655.50. Following the completion of the sale, the chief operating officer now owns 60,000 shares of the company's stock, valued at $3,904,200. This represents a 44.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 275,427 shares of company stock valued at $17,790,794 in the last three months. Company insiders own 15.23% of the company's stock.

Innodata Stock Performance

Shares of Innodata stock traded down $2.64 on Monday, reaching $30.40. The stock had a trading volume of 310,646 shares, compared to its average volume of 1,287,992. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84. The business's 50-day moving average price is $44.19 and its two-hundred day moving average price is $37.82. The stock has a market cap of $951.52 million, a P/E ratio of 35.77 and a beta of 2.66. Innodata Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $71.00.

Innodata (NASDAQ:INOD - Get Free Report) last released its earnings results on Thursday, February 20th. The technology company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.20. The firm had revenue of $59.18 million during the quarter, compared to analyst estimates of $53.01 million. Innodata had a net margin of 16.81% and a return on equity of 66.36%. On average, sell-side analysts forecast that Innodata Inc. will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Maxim Group increased their price objective on Innodata from $54.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, February 21st. BWS Financial increased their price target on shares of Innodata from $45.00 to $74.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $53.00.

About Innodata

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.