GSA Capital Partners LLP Has $186,000 Stake in Innodata Inc. (NASDAQ:INOD)

GSA Capital Partners LLP cut its position in shares of Innodata Inc. (NASDAQ:INOD - Free Report) by 80.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,119 shares of the technology company's stock after selling 45,103 shares during the quarter. GSA Capital Partners LLP's holdings in Innodata were worth $186,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. nVerses Capital LLC acquired a new position in Innodata in the 2nd quarter valued at approximately $27,000. Elkhorn Partners Limited Partnership acquired a new position in shares of Innodata in the first quarter worth $94,000. Price T Rowe Associates Inc. MD raised its holdings 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 acquiring an additional 982 shares in the last quarter. Private Advisor Group LLC boosted its position in Innodata by 17.4% during 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 last quarter. Finally, XTX Topco Ltd purchased a new position in Innodata in the second quarter valued at about $285,000. Institutional investors own 30.75% of the company's stock.

Wall Street Analyst Weigh In

INOD has been the subject of several recent research reports. BWS Financial boosted their target price 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. StockNews.com raised shares of Innodata from a "sell" rating to a "hold" rating in a report on Saturday, November 16th. Finally, Craig Hallum assumed coverage on shares of Innodata in a research note on Tuesday, September 17th. They set a "buy" rating and a $23.00 target price for the company. One analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Innodata currently has a consensus rating of "Moderate Buy" and an average price target of $32.67.

Insider Activity at Innodata

In other news, CFO Marissa B. Espineli sold 38,333 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $47.17, for a total value of $1,808,167.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stewart R. Massey sold 50,000 shares of the business's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $40.55, for a total transaction 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 approximately $1,024,374.10. The trade was a 66.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 475,277 shares of company stock valued at $21,535,466. 15.23% of the stock is owned by corporate insiders.

Innodata Stock Down 0.4 %

INOD stock traded down $0.19 during mid-day trading on Monday, hitting $44.58. 1,369,477 shares of the company were exchanged, compared to its average volume of 733,669. 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 firm has a market cap of $1.29 billion, a P/E ratio of 76.17 and a beta of 2.30. The firm's 50 day simple moving average is $23.23 and its 200 day simple moving average is $18.35. Innodata Inc. has a 1-year low of $5.46 and a 1-year high of $49.72.

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.