Jack Abuhoff Sells 187,099 Shares of Innodata Inc. (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 187,099 shares of Innodata stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.07, for a total transaction of $8,619,650.93. Following the completion of the sale, the chief executive officer now directly owns 1,188,358 shares of the company’s stock, valued at approximately $54,747,653.06. The trade was a 13.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Jack Abuhoff also recently made the following trade(s):

• On Thursday, November 21st, Jack Abuhoff sold 225,000 shares of Innodata stock. The shares were sold at an average price of $46.38, for a total transaction of $10,435,500.00.

Innodata Stock Down 11.1 %

Innodata stock opened at $40.37 on Wednesday. Innodata Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $49.72. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84. The firm’s 50-day simple moving average is $24.35 and its 200 day simple moving average is $18.79. The stock has a market cap of $1.17 billion, a PE ratio of 68.42 and a beta of 2.30.

Hedge Funds Weigh In On Innodata

Hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its stake in shares of Innodata by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company’s stock worth $102,000 after purchasing an additional 982 shares during the period. nVerses Capital LLC purchased a new stake in Innodata during the second quarter worth about $27,000. Charles Schwab Investment Management Inc. raised its position in Innodata by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 76,954 shares of the technology company’s stock worth $1,291,000 after acquiring an additional 1,843 shares during the period. Compass Ion Advisors LLC boosted its stake in Innodata by 5.6% in the third quarter. Compass Ion Advisors LLC now owns 37,674 shares of the technology company’s stock valued at $632,000 after acquiring an additional 2,011 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in shares of Innodata by 17.4% during the 3rd quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company’s stock valued at $250,000 after acquiring an additional 2,207 shares during the period. Hedge funds and other institutional investors own 30.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. BWS Financial raised their price target on shares of Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, November 8th. StockNews.com upgraded Innodata from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Finally, Craig Hallum began coverage on Innodata in a report on Tuesday, September 17th. They set a “buy” rating and a $23.00 price target for the company. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Innodata has an average rating of “Moderate Buy” and an average price target of $32.67.

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.