Innodata Inc. (NASDAQ:INOD) Director Nauman Sabeeh Toor Sells 196,777 Shares

Innodata Inc. (NASDAQ:INOD - Get Free Report) Director Nauman Sabeeh Toor sold 196,777 shares of Innodata stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $64.40, for a total value of $12,672,438.80. Following the transaction, the director now owns 12,417 shares in the company, valued at approximately $799,654.80. This represents a 94.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Nauman Sabeeh Toor also recently made the following trade(s):

• On Friday, December 20th, Nauman Sabeeh Toor sold 110,207 shares of Innodata stock. The shares were sold at an average price of $44.00, for a total transaction of $4,849,108.00.
• On Wednesday, December 4th, Nauman Sabeeh Toor sold 200,000 shares of Innodata stock. The shares were sold at an average price of $45.37, for a total transaction of $9,074,000.00.

Innodata Trading Up 0.2 %

NASDAQ INOD traded up $0.10 during trading hours on Friday, hitting $52.72. 2,359,100 shares of the company's stock were exchanged, compared to its average volume of 2,149,755. The business's 50 day moving average is $43.49 and its 200-day moving average is $31.74. Innodata Inc. has a 12-month low of $5.46 and a 12-month high of $71.00. The firm has a market capitalization of $1.53 billion, a P/E ratio of 62.02 and a beta of 2.57. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84.

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Innodata (NASDAQ:INOD - Get Free Report) last announced its earnings results on Thursday, February 20th. The technology company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.11 by $0.20. The business had revenue of $59.18 million for the quarter, compared to the consensus estimate of $53.01 million. Innodata had a return on equity of 66.36% and a net margin of 16.81%. As a group, analysts anticipate that Innodata Inc. will post 0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Innodata

Hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC grew its position in shares of Innodata by 17.4% in the 3rd quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company's stock worth $250,000 after acquiring an additional 2,207 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Innodata in the 3rd quarter worth approximately $311,000. Los Angeles Capital Management LLC acquired a new position in shares of Innodata in the 3rd quarter worth approximately $330,000. Charles Schwab Investment Management Inc. boosted its position in Innodata by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 76,954 shares of the technology company's stock valued at $1,291,000 after purchasing an additional 1,843 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Innodata by 38.5% during the 3rd 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. Institutional investors and hedge funds own 30.75% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com raised Innodata from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. Maxim Group lifted their target price on Innodata from $54.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Wedbush began coverage on Innodata in a research report on Thursday, December 19th. They set an "outperform" rating and a $48.00 price objective for the company. Chardan Capital reissued a "buy" rating and set a $45.00 price objective on shares of Innodata in a research report on Friday, December 13th. Finally, BWS Financial boosted their price objective on Innodata from $45.00 to $74.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.