10,169 Shares in Innodata Inc. (NASDAQ:INOD) Bought by Jennison Associates LLC

Jennison Associates LLC acquired a new position in shares of Innodata Inc. (NASDAQ:INOD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,169 shares of the technology company's stock, valued at approximately $402,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Squarepoint Ops LLC acquired a new stake in shares of Innodata during the 2nd quarter worth about $381,000. Compass Ion Advisors LLC lifted its position in Innodata by 5.6% during the third quarter. Compass Ion Advisors LLC now owns 37,674 shares of the technology company's stock worth $632,000 after acquiring an additional 2,011 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Innodata by 17.4% during the third 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 during the period. Principal Financial Group Inc. acquired a new position in shares of Innodata in the third quarter valued at approximately $311,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Innodata in the third quarter valued at approximately $330,000. 30.75% of the stock is owned by institutional investors.

Innodata Price Performance

INOD traded down $1.86 during trading on Tuesday, hitting $42.47. 1,101,718 shares of the stock traded hands, compared to its average volume of 1,245,669. The business has a 50 day moving average price of $39.29 and a 200 day moving average price of $28.07. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 71.98 and a beta of 2.57. Innodata Inc. has a twelve month low of $5.46 and a twelve month high of $55.17. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84.

Wall Street Analyst Weigh In

Several analysts recently issued reports on INOD shares. Chardan Capital restated a "buy" rating and issued a $45.00 price target on shares of Innodata in a research note on Friday, December 13th. StockNews.com raised shares of Innodata from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. Wedbush started coverage on shares of Innodata in a research note on Thursday, December 19th. They issued an "outperform" rating and a $48.00 price target on the stock. Finally, BWS Financial lifted their price objective on shares of Innodata from $30.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $38.20.

Insider Transactions at Innodata

In other news, COO Ashok Mishra sold 58,500 shares of the company's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $44.97, for a total transaction of $2,630,745.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nauman Sabeeh Toor sold 110,207 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $44.00, for a total value of $4,849,108.00. Following the completion of the transaction, the director now owns 209,194 shares of the company's stock, valued at $9,204,536. The trade was a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,035,083 shares of company stock valued at $46,889,370. Corporate insiders own 15.23% of the company's stock.

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.