Nauman Sabeeh Toor Sells 196,777 Shares of Innodata Inc. (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) Director Nauman Sabeeh Toor sold 196,777 shares of Innodata stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $64.40, for a total value of $12,672,438.80. Following the completion of the transaction, the director now directly owns 12,417 shares of the company’s stock, valued at $799,654.80. This represents a 94.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nauman Sabeeh Toor also recently made the following trade(s):

• On Friday, December 20th, Nauman Sabeeh Toor sold 110,207 shares of Innodata stock. The shares were sold at an average price of $44.00, for a total transaction of $4,849,108.00.
• On Wednesday, December 4th, Nauman Sabeeh Toor sold 200,000 shares of Innodata stock. The stock was sold at an average price of $45.37, for a total transaction of $9,074,000.00.

Innodata Trading Up 10.4 %

Innodata stock traded up $6.06 during midday trading on Wednesday, hitting $64.17. 3,867,370 shares of the stock were exchanged, compared to its average volume of 2,101,801. The stock has a market capitalization of $1.86 billion, a PE ratio of 75.50 and a beta of 2.57. Innodata Inc. has a 52 week low of $5.46 and a 52 week high of $71.00. The company has a fifty day simple moving average of $42.44 and a two-hundred day simple moving average of $30.91. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15.

Innodata (NASDAQ:INOD) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.20. The firm had revenue of $59.18 million for the quarter, compared to the consensus estimate of $53.01 million. Innodata had a return on equity of 66.36% and a net margin of 16.81%. Equities research analysts anticipate that Innodata Inc. will post 0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Innodata

Institutional investors have recently bought and sold shares of the company. Allworth Financial LP acquired a new stake in shares of Innodata in the fourth quarter valued at approximately $29,000. USA Financial Formulas acquired a new position in Innodata during the fourth quarter worth $36,000. Meeder Asset Management Inc. bought a new position in Innodata in the fourth quarter valued at $36,000. AlphaQuest LLC grew its position in 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 purchasing an additional 456 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Innodata in the 4th quarter valued at $150,000. Institutional investors own 30.75% of the company’s stock.

Analyst Upgrades and Downgrades

INOD has been the subject of several research analyst reports. Chardan Capital restated a “buy” rating and issued a $45.00 price objective on shares of Innodata in a research report on Friday, December 13th. BWS Financial boosted their target price on Innodata from $45.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. StockNews.com upgraded Innodata from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Wedbush assumed coverage on Innodata in a research report on Thursday, December 19th. They issued an “outperform” rating and a $48.00 price objective for the company. Finally, Maxim Group lifted their target price on shares of Innodata from $54.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

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.