Janus Henderson Group PLC lowered its position in shares of Innodata Inc. (NASDAQ:INOD - Free Report) by 37.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 780,236 shares of the technology company's stock after selling 457,994 shares during the quarter. Janus Henderson Group PLC owned 2.69% of Innodata worth $13,085,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Deerfield Management Company L.P. Series C boosted its holdings in shares of Innodata by 309.5% in the second 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 buying an additional 84,509 shares during the period. Rathbones Group PLC acquired a new position in shares of Innodata in the second quarter valued at approximately $916,000. Marshall Wace LLP boosted its holdings in shares of 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 buying an additional 38,954 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Innodata by 2.0% in the first quarter. Vanguard Group Inc. now owns 1,460,430 shares of the technology company's stock valued at $9,639,000 after buying an additional 28,173 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of Innodata in the second quarter valued at approximately $381,000. Institutional investors and hedge funds own 30.75% of the company's stock.
Wall Street Analyst Weigh In
INOD has been the subject of several research analyst reports. Craig Hallum initiated coverage on shares of Innodata in a report on Tuesday, September 17th. They issued a "buy" rating and a $23.00 price target for the company. StockNews.com raised shares of Innodata from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. Finally, BWS Financial boosted their price objective 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. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.67.
Read Our Latest Stock Report on INOD
Innodata Price Performance
Shares of NASDAQ:INOD traded down $0.92 during trading on Monday, reaching $43.63. 5,340,049 shares of the company traded hands, compared to its average volume of 795,367. The company's 50 day moving average is $29.16 and its two-hundred day moving average is $20.69. The firm has a market capitalization of $1.27 billion, a PE ratio of 73.95 and a beta of 2.55. 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 52 week low of $5.46 and a 52 week high of $55.17.
Insider Buying and Selling
In other Innodata news, CFO Marissa B. Espineli sold 38,333 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was 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 Louise C. Forlenza sold 4,000 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $45.10, for a total value of $180,400.00. Following the completion of the transaction, the director now directly owns 8,278 shares of the company's stock, valued at approximately $373,337.80. The trade was a 32.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 924,876 shares of company stock worth $42,040,262 in the last ninety days. 15.23% of the stock is owned by insiders.
About Innodata
(
Free Report)
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.
See Also
Before you consider Innodata, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Innodata wasn't on the list.
While Innodata currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
