EAM Investors LLC Sells 11,161 Shares of Innodata Inc. (NASDAQ:INOD)

EAM Investors LLC lowered its stake in Innodata Inc. (NASDAQ:INOD - Free Report) by 33.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,485 shares of the technology company's stock after selling 11,161 shares during the quarter. EAM Investors LLC owned approximately 0.08% of Innodata worth $889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. raised its holdings in shares of Innodata by 2.0% during the fourth quarter. Invesco Ltd. now owns 11,781 shares of the technology company's stock valued at $466,000 after acquiring an additional 232 shares during the period. AlphaQuest LLC grew its position in Innodata by 79.4% during the 4th quarter. AlphaQuest LLC now owns 1,030 shares of the technology company's stock worth $41,000 after purchasing an additional 456 shares in the last quarter. Allworth Financial LP acquired a new stake in Innodata during the 4th quarter valued at $29,000. USA Financial Formulas purchased a new stake in shares of Innodata in the fourth quarter valued at $36,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Innodata in the fourth quarter worth $36,000. Institutional investors and hedge funds own 30.75% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Innodata

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 completion of the transaction, the director now owns 12,417 shares of the company's stock, valued at approximately $799,654.80. The trade was a 94.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Marissa B. Espineli sold 30,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $65.09, for a total value of $1,952,700.00. Following the completion of the sale, the chief financial officer now directly owns 18,000 shares in the company, valued at $1,171,620. This trade represents a 62.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 275,427 shares of company stock worth $17,790,794. 15.23% of the stock is owned by insiders.

Innodata Stock Up 4.6 %

INOD stock traded up $1.35 during trading hours on Tuesday, hitting $31.03. The company's stock had a trading volume of 327,901 shares, compared to its average volume of 1,289,327. The company has a market capitalization of $971.30 million, a PE ratio of 36.52 and a beta of 2.66. The stock has a 50 day moving average price of $43.91 and a two-hundred day moving average price of $37.92. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15. Innodata Inc. has a 12 month low of $5.46 and a 12 month high of $71.00.

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

Innodata 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.