Compass Ion Advisors LLC Sells 13,000 Shares of Innodata Inc. (NASDAQ:INOD)

Compass Ion Advisors LLC trimmed its position in shares of Innodata Inc. (NASDAQ:INOD - Free Report) by 34.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,674 shares of the technology company's stock after selling 13,000 shares during the period. Compass Ion Advisors LLC owned 0.09% of Innodata worth $975,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. bought a new stake in shares of Innodata during the 3rd quarter valued at $311,000. Jennison Associates LLC bought a new stake in Innodata in the 4th quarter valued at $402,000. Geode Capital Management LLC increased its holdings in Innodata by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company's stock valued at $10,294,000 after acquiring an additional 13,609 shares during the last quarter. Silverleafe Capital Partners LLC bought a new stake in Innodata in the 4th quarter valued at $913,000. Finally, Calamos Advisors LLC bought a new stake in Innodata in the 4th quarter valued at $283,000. 30.75% of the stock is currently owned by institutional investors.

Insider Activity at Innodata

In related news, CFO Marissa B. Espineli sold 30,000 shares of Innodata stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $65.09, for a total transaction of $1,952,700.00. Following the completion of the sale, the chief financial officer now owns 18,000 shares in the company, valued at $1,171,620. This trade represents a 62.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Nauman Sabeeh Toor sold 196,777 shares of Innodata stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $64.40, for a total transaction of $12,672,438.80. Following the sale, the director now owns 12,417 shares of the company's stock, valued at $799,654.80. The trade was a 94.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 275,427 shares of company stock worth $17,790,794 in the last 90 days. 15.23% of the stock is owned by corporate insiders.

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Innodata Trading Down 2.7 %

Shares of INOD stock traded down $1.17 during trading hours on Friday, reaching $41.82. 1,254,140 shares of the stock were exchanged, compared to its average volume of 1,172,504. Innodata Inc. has a 12-month low of $5.46 and a 12-month high of $71.00. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15. The company's 50-day moving average price is $44.85 and its 200-day moving average price is $34.57. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 49.20 and a beta of 2.59.

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

Wall Street Analyst Weigh In

INOD has been the topic of a number of research reports. Chardan Capital reiterated a "buy" rating and issued a $45.00 price target on shares of Innodata in a report on Friday, December 13th. BWS Financial lifted their price objective 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. Wedbush assumed coverage on shares of Innodata in a research note on Thursday, December 19th. They issued an "outperform" rating and a $48.00 price objective for the company. Finally, Maxim Group lifted their price objective on shares of Innodata from $54.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. One 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, Innodata has a consensus rating of "Moderate Buy" and an average price target of $53.00.

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.