Barclays PLC Has $647,000 Holdings in Innodata Inc. (NASDAQ:INOD)

Barclays PLC raised its stake in Innodata Inc. (NASDAQ:INOD - Free Report) by 324.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,557 shares of the technology company's stock after acquiring an additional 29,470 shares during the quarter. Barclays PLC owned approximately 0.13% of Innodata worth $647,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in Innodata by 19.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 78,057 shares of the technology company's stock valued at $1,158,000 after purchasing an additional 12,515 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Innodata in the 2nd quarter valued at $27,000. Rhumbline Advisers boosted its holdings in shares of Innodata by 19.2% during the 2nd quarter. Rhumbline Advisers now owns 37,725 shares of the technology company's stock valued at $559,000 after acquiring an additional 6,066 shares in the last quarter. Rathbones Group PLC bought a new stake in Innodata during the 2nd quarter worth $916,000. Finally, XTX Topco Ltd acquired a new position in Innodata in the 2nd quarter worth about $285,000. 30.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Innodata

In other Innodata news, COO Ashok Mishra sold 92,726 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $43.16, for a total value of $4,002,054.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stewart R. Massey sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $40.55, for a total value 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 $1,024,374.10. This trade represents a 66.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,035,083 shares of company stock valued at $46,889,370. 15.23% of the stock is currently owned by company insiders.

Innodata Trading Down 0.1 %

INOD traded down $0.02 during trading on Thursday, reaching $39.50. 829,719 shares of the stock traded hands, compared to its average volume of 852,174. The stock's 50-day moving average is $37.41 and its 200 day moving average is $23.81. Innodata Inc. has a 12 month low of $5.46 and a 12 month 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 capitalization of $1.15 billion, a PE ratio of 66.95 and a beta of 2.56.

Analysts Set New Price Targets

A number of brokerages have recently commented on INOD. BWS Financial lifted their price target on Innodata from $30.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Wedbush initiated coverage on shares of Innodata in a research report on Thursday, December 19th. They issued an "outperform" rating and a $48.00 price target for the company. Chardan Capital reissued a "buy" rating and issued a $45.00 price objective on shares of Innodata in a research note on Friday, December 13th. Craig Hallum assumed coverage on Innodata in a report on Tuesday, September 17th. They issued a "buy" rating and a $23.00 price objective for the company. Finally, StockNews.com raised Innodata from a "sell" rating to a "hold" rating in a report on Saturday, November 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Innodata has an average rating of "Moderate Buy" and a consensus target price of $38.20.

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.