Nauman Sabeeh Toor Sells 110,207 Shares of Innodata Inc. (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD - Get Free Report) Director Nauman Sabeeh Toor sold 110,207 shares of the company's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $44.00, for a total transaction of $4,849,108.00. Following the transaction, the director now owns 209,194 shares of the company's stock, valued at $9,204,536. This represents a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 value of $9,074,000.00.

Innodata Trading Up 0.6 %

NASDAQ:INOD traded up $0.25 on Monday, hitting $43.26. The stock had a trading volume of 2,444,323 shares, compared to its average volume of 846,891. The company has a fifty day moving average price of $33.62 and a two-hundred day moving average price of $22.41. Innodata Inc. has a 1-year low of $5.46 and a 1-year high of $55.17. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 73.32 and a beta of 2.55.

Analysts Set New Price Targets

INOD has been the subject of several research reports. StockNews.com upgraded Innodata from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. Craig Hallum started coverage on shares of Innodata in a research report on Tuesday, September 17th. They issued a "buy" rating and a $23.00 target price for the company. Chardan Capital restated a "buy" rating and set a $45.00 price target on shares of Innodata in a research report on Friday, December 13th. BWS Financial increased their price objective on shares of Innodata from $30.00 to $45.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, Wedbush started coverage on Innodata in a research report on Thursday. They issued an "outperform" rating and a $48.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $38.20.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in INOD. Geode Capital Management LLC lifted its position in Innodata by 2.3% in the third quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company's stock valued at $10,294,000 after buying an additional 13,609 shares during the last quarter. State Street Corp boosted its position in shares of Innodata by 1.8% during the 3rd quarter. State Street Corp now owns 537,301 shares of the technology company's stock worth $9,011,000 after purchasing an additional 9,408 shares during the period. Deerfield Management Company L.P. Series C increased its holdings in Innodata by 309.5% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 111,814 shares of the technology company's stock valued at $1,658,000 after purchasing an additional 84,509 shares during the last quarter. Marshall Wace LLP raised its position in Innodata by 83.9% in the second quarter. Marshall Wace LLP now owns 85,395 shares of the technology company's stock valued at $1,266,000 after purchasing an additional 38,954 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Innodata by 19.1% during the second quarter. Bank of New York Mellon Corp now owns 78,057 shares of the technology company's stock worth $1,158,000 after purchasing an additional 12,515 shares in the last quarter. 30.75% of the stock is currently owned by institutional investors and hedge funds.

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.