Centiva Capital LP Makes New $318,000 Investment in Innodata Inc. (NASDAQ:INOD)

Centiva Capital LP purchased a new stake in Innodata Inc. (NASDAQ:INOD - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 18,946 shares of the technology company's stock, valued at approximately $318,000. Centiva Capital LP owned 0.07% of Innodata at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in INOD. nVerses Capital LLC purchased a new stake in shares of Innodata in the 2nd quarter valued at $27,000. Price T Rowe Associates Inc. MD lifted its position in shares of Innodata by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company's stock worth $102,000 after purchasing an additional 982 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Innodata by 38.5% in the third quarter. BNP Paribas Financial Markets now owns 13,443 shares of the technology company's stock valued at $225,000 after purchasing an additional 3,739 shares during the period. Private Advisor Group LLC boosted its stake in shares of Innodata by 17.4% in the third quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company's stock valued at $250,000 after purchasing an additional 2,207 shares during the period. Finally, XTX Topco Ltd acquired a new position in Innodata during the 2nd quarter worth $285,000. Hedge funds and other institutional investors own 30.75% of the company's stock.

Insider Activity at Innodata

In other news, Director Stewart R. Massey sold 50,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 25,262 shares of the company's stock, valued at $1,024,374.10. This trade represents a 66.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Ashok Mishra sold 92,726 shares of Innodata stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $43.16, for a total value of $4,002,054.16. The disclosure for this sale can be found here. Insiders have sold 924,876 shares of company stock worth $42,040,262 in the last quarter. Company insiders own 15.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on INOD shares. Craig Hallum began coverage on Innodata in a report on Tuesday, September 17th. They issued a "buy" rating and a $23.00 price objective on the stock. 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 report on Friday, November 8th. Finally, StockNews.com raised shares of Innodata from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.67.

Innodata Stock Performance

Shares of Innodata stock traded down $0.55 during trading on Wednesday, reaching $37.73. The company's stock had a trading volume of 1,625,358 shares, compared to its average volume of 805,965. The firm has a market cap of $1.09 billion, a PE ratio of 63.95 and a beta of 2.56. The company has a 50-day moving average price of $30.06 and a two-hundred day moving average price of $20.98. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15. Innodata Inc. has a fifty-two week low of $5.46 and a fifty-two 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.