Trexquant Investment LP Purchases 207,409 Shares of Innodata Inc. (NASDAQ:INOD)

Trexquant Investment LP boosted its position in shares of Innodata Inc. (NASDAQ:INOD - Free Report) by 222.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 300,488 shares of the technology company's stock after acquiring an additional 207,409 shares during the period. Trexquant Investment LP owned approximately 1.04% of Innodata worth $11,875,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in INOD. Allworth Financial LP acquired a new stake in shares of Innodata during the 4th quarter worth approximately $29,000. USA Financial Formulas bought a new position in shares of Innodata during the 4th quarter worth approximately $36,000. Meeder Asset Management Inc. bought a new stake in Innodata in the fourth quarter valued at $36,000. AlphaQuest LLC raised its holdings in shares of Innodata by 79.4% in the fourth quarter. AlphaQuest LLC now owns 1,030 shares of the technology company's stock valued at $41,000 after buying an additional 456 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Innodata during the 4th quarter worth about $150,000. Institutional investors and hedge funds own 30.75% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BWS Financial raised their price target on shares of Innodata from $45.00 to $74.00 and gave the company a "buy" rating in a report on Friday, February 21st. Chardan Capital reaffirmed a "buy" rating and set a $45.00 price target on shares of Innodata in a research note on Friday, December 13th. Maxim Group boosted their price objective on Innodata from $54.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Wedbush initiated coverage on shares of Innodata in a research note on Thursday, December 19th. They issued an "outperform" rating and a $48.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $53.00.

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Insiders Place Their Bets

In other Innodata news, CFO Marissa B. Espineli sold 30,000 shares of Innodata stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $65.09, for a total transaction of $1,952,700.00. Following the transaction, the chief financial officer now directly owns 18,000 shares in the company, valued at approximately $1,171,620. The trade was a 62.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Ashok Mishra sold 48,650 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $65.07, for a total value of $3,165,655.50. Following the completion of the sale, the chief operating officer now owns 60,000 shares of the company's stock, valued at $3,904,200. This trade represents a 44.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 275,427 shares of company stock worth $17,790,794. Company insiders own 15.23% of the company's stock.

Innodata Trading Up 4.1 %

NASDAQ:INOD traded up $1.24 during mid-day trading on Monday, hitting $31.21. The company had a trading volume of 1,510,170 shares, compared to its average volume of 1,236,418. 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 fifty-two week low of $5.46 and a fifty-two week high of $71.00. The firm has a market cap of $976.97 million, a P/E ratio of 36.15 and a beta of 2.66. The business's fifty day moving average is $45.04 and its two-hundred day moving average is $36.35.

Innodata (NASDAQ:INOD - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.20. The business had revenue of $59.18 million for the quarter, compared to the consensus estimate of $53.01 million. Innodata had a net margin of 16.81% and a return on equity of 66.36%. As a group, research analysts expect that Innodata Inc. will post 0.81 earnings per share for the current year.

Innodata 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.