Innodata Inc. (NASDAQ:INOD) Position Lifted by Barclays PLC

Barclays PLC lifted its stake in shares of Innodata Inc. (NASDAQ:INOD - Free Report) by 324.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,557 shares of the technology company's stock after acquiring an additional 29,470 shares during the period. Barclays PLC owned 0.13% of Innodata worth $647,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Principal Financial Group Inc. acquired a new position in Innodata during the third quarter worth approximately $311,000. Los Angeles Capital Management LLC purchased a new stake in shares of Innodata during the 3rd quarter valued at $330,000. Geode Capital Management LLC increased its holdings in shares of Innodata by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company's stock worth $10,294,000 after buying an additional 13,609 shares during the last quarter. State Street Corp increased its holdings in shares of Innodata by 1.8% during the 3rd quarter. State Street Corp now owns 537,301 shares of the technology company's stock worth $9,011,000 after buying an additional 9,408 shares during the last quarter. Finally, Centiva Capital LP purchased a new position in shares of Innodata in the 3rd quarter worth $318,000. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Innodata

In related news, Director Stewart R. Massey sold 50,000 shares of the business's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $40.55, for a total value of $2,027,500.00. Following the transaction, the director now owns 25,262 shares in the company, valued at approximately $1,024,374.10. The trade was a 66.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Louise C. Forlenza sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $45.10, for a total value of $180,400.00. Following the sale, the director now owns 8,278 shares of the company's stock, valued at approximately $373,337.80. This trade represents a 32.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,035,083 shares of company stock valued at $46,889,370 over the last 90 days. 15.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on INOD. Chardan Capital restated a "buy" rating and set a $45.00 price target on shares of Innodata in a research note on Friday, December 13th. Wedbush started coverage on shares of Innodata in a research report on Thursday, December 19th. They set an "outperform" rating and a $48.00 target price for the company. StockNews.com raised shares of Innodata from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. Finally, BWS Financial boosted their price objective on shares of Innodata from $30.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $38.20.

Innodata Stock Down 0.8 %

Shares of NASDAQ:INOD traded down $0.31 during mid-day trading on Friday, hitting $36.78. 794,625 shares of the company traded hands, compared to its average volume of 1,344,526. The firm's 50 day simple moving average is $40.53 and its 200 day simple moving average is $25.60. The firm has a market cap of $1.07 billion, a P/E ratio of 62.34 and a beta of 2.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84. Innodata Inc. has a 52-week low of $5.46 and a 52-week high of $55.17.

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.