Calamos Advisors LLC Makes New $283,000 Investment in Innodata Inc. (NASDAQ:INOD)

Calamos Advisors LLC bought a new position in shares of Innodata Inc. (NASDAQ:INOD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,153 shares of the technology company's stock, valued at approximately $283,000.

A number of other large investors also recently modified their holdings of the company. USA Financial Formulas bought a new stake in Innodata during the 4th quarter worth approximately $36,000. Spire Wealth Management bought a new stake in Innodata during the fourth quarter worth $166,000. Point72 Asset Management L.P. bought a new stake in Innodata during the third quarter worth $206,000. BNP Paribas Financial Markets raised its position in Innodata by 38.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,443 shares of the technology company's stock valued at $225,000 after buying an additional 3,739 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Innodata by 17.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,408 shares of the technology company's stock valued at $242,000 after acquiring an additional 2,099 shares in the last quarter. 30.75% of the stock is currently owned by institutional investors.

Innodata Price Performance

INOD traded up $3.07 during trading on Friday, reaching $42.88. The stock had a trading volume of 1,631,092 shares, compared to its average volume of 1,062,871. The business has a 50-day moving average of $39.22 and a 200-day moving average of $27.73. Innodata Inc. has a one year low of $5.46 and a one year high of $55.17. 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 stock has a market cap of $1.24 billion, a PE ratio of 72.68 and a beta of 2.57.

Innodata (NASDAQ:INOD - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.28. Innodata had a net margin of 14.57% and a return on equity of 44.38%. The business had revenue of $52.22 million during the quarter, compared to the consensus estimate of $35.47 million. During the same period in the previous year, the firm posted $0.01 earnings per share. As a group, equities research analysts anticipate that Innodata Inc. will post 0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Chardan Capital reaffirmed a "buy" rating and issued a $45.00 target price on shares of Innodata in a report on Friday, December 13th. Wedbush initiated coverage on Innodata in a research note on Thursday, December 19th. They issued an "outperform" rating and a $48.00 price objective for the company. StockNews.com upgraded Innodata from a "sell" rating to a "hold" rating in a research note on Saturday, November 16th. Finally, BWS Financial increased their price target on shares of Innodata from $30.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $38.20.

Insider Activity at Innodata

In related news, CFO Marissa B. Espineli sold 38,333 shares of Innodata stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $47.17, for a total value of $1,808,167.61. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stewart R. Massey sold 50,000 shares of the company's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $40.55, for a total transaction of $2,027,500.00. Following the completion of the transaction, the director now owns 25,262 shares of the company's stock, valued at $1,024,374.10. This trade represents a 66.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,035,083 shares of company stock worth $46,889,370 in the last three months. 15.23% of the stock is owned by insiders.

Innodata Company Profile

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.