Silverleafe Capital Partners LLC acquired a new stake in Innodata Inc. (NASDAQ:INOD - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 23,110 shares of the technology company's stock, valued at approximately $913,000. Silverleafe Capital Partners LLC owned about 0.08% of Innodata at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. acquired a new stake in Innodata during the 3rd quarter worth approximately $311,000. Los Angeles Capital Management LLC bought a new position in Innodata during the 3rd quarter worth $330,000. Geode Capital Management LLC lifted its holdings in shares of Innodata by 2.3% during the third quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company's stock worth $10,294,000 after buying an additional 13,609 shares in the last quarter. Barclays PLC boosted its position in shares of Innodata by 324.3% in the third quarter. Barclays PLC now owns 38,557 shares of the technology company's stock valued at $647,000 after acquiring an additional 29,470 shares during the period. Finally, State Street Corp grew its stake in shares of Innodata by 1.8% in the third quarter. State Street Corp now owns 537,301 shares of the technology company's stock valued at $9,011,000 after acquiring an additional 9,408 shares in the last quarter. Institutional investors and hedge funds own 30.75% of the company's stock.
Innodata Price Performance
Shares of Innodata stock traded down $0.56 during trading on Monday, reaching $43.76. 1,986,571 shares of the company's stock were exchanged, compared to its average volume of 1,366,977. The firm's 50-day moving average price is $37.89 and its 200 day moving average price is $24.15. The company has a market cap of $1.27 billion, a P/E ratio of 74.17 and a beta of 2.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84. Innodata Inc. has a 1-year low of $5.46 and a 1-year high of $55.17.
Insider Activity
In related news, Director Stewart R. Massey sold 50,000 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $40.55, for a total transaction of $2,027,500.00. Following the sale, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jack Abuhoff sold 225,000 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $46.38, for a total value of $10,435,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,188,358 shares of the company's stock, valued at approximately $55,116,044.04. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,035,083 shares of company stock worth $46,889,370. Corporate insiders own 15.23% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on INOD shares. Craig Hallum started coverage on shares of Innodata in a report on Tuesday, September 17th. They issued a "buy" rating and a $23.00 price objective for the company. BWS Financial raised their price objective on Innodata from $30.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Wedbush started coverage on Innodata in a report on Thursday, December 19th. They issued an "outperform" rating and a $48.00 price objective for the company. Chardan Capital reissued a "buy" rating and set a $45.00 target price on shares of Innodata in a report on Friday, December 13th. Finally, StockNews.com raised Innodata from a "sell" rating to a "hold" rating in a research note 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 currently has an average rating of "Moderate Buy" and an average price target of $38.20.
Check Out Our Latest Stock Report on INOD
Innodata Profile
(
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.
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