Los Angeles Capital Management LLC Invests $330,000 in Innodata Inc. (NASDAQ:INOD)

Los Angeles Capital Management LLC bought a new stake in Innodata Inc. (NASDAQ:INOD - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,696 shares of the technology company's stock, valued at approximately $330,000. Los Angeles Capital Management LLC owned approximately 0.07% of Innodata as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in Innodata by 11.2% in the first quarter. BNP Paribas Financial Markets now owns 22,208 shares of the technology company's stock valued at $147,000 after purchasing an additional 2,230 shares in the last quarter. Vanguard Group Inc. raised its position 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 in the last quarter. Elkhorn Partners Limited Partnership bought a new stake in shares of Innodata during the 1st quarter worth approximately $94,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Innodata by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company's stock valued at $102,000 after purchasing an additional 982 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new stake in shares of Innodata during the first quarter worth about $8,142,000. Institutional investors and hedge funds own 30.75% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on INOD. BWS Financial raised their price target on shares of Innodata from $30.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, November 8th. StockNews.com raised shares of Innodata from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Craig Hallum initiated coverage on Innodata in a research note on Tuesday, September 17th. They issued a "buy" rating and a $23.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $32.67.

Insider Activity at Innodata

In related news, Director Stewart R. Massey sold 50,000 shares of the company's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $40.55, for a total transaction of $2,027,500.00. Following the completion of the transaction, the director now owns 25,262 shares in the company, valued at approximately $1,024,374.10. This represents a 66.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.23% of the stock is currently owned by insiders.

Innodata Trading Up 12.8 %

NASDAQ INOD traded up $4.69 during trading on Monday, hitting $41.44. The company had a trading volume of 2,414,290 shares, compared to its average volume of 709,052. Innodata Inc. has a one year low of $5.46 and a one year high of $49.72. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 70.65 and a beta of 2.30. The company's fifty day moving average is $20.30 and its 200-day moving average is $17.05. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15.

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.