Innodata Inc. (NASDAQ:INOD) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP trimmed its position in Innodata Inc. (NASDAQ:INOD) by 80.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,119 shares of the technology company’s stock after selling 45,103 shares during the period. GSA Capital Partners LLP’s holdings in Innodata were worth $186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of Innodata during the second quarter worth about $27,000. Elkhorn Partners Limited Partnership acquired a new stake in shares of Innodata in the 1st quarter valued at approximately $94,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Innodata by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company’s stock valued at $102,000 after buying an additional 982 shares in the last quarter. Private Advisor Group LLC grew its holdings in Innodata by 17.4% during the third quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company’s stock worth $250,000 after acquiring an additional 2,207 shares during the period. Finally, XTX Topco Ltd purchased a new position in Innodata in the second quarter worth $285,000. 30.75% of the stock is owned by institutional investors and hedge funds.

Innodata Stock Down 3.2 %

Shares of NASDAQ:INOD opened at $44.77 on Monday. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 75.88 and a beta of 2.30. The company has a 50 day moving average of $23.23 and a two-hundred day moving average of $18.29. Innodata Inc. has a 52-week low of $5.46 and a 52-week high of $49.72. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15.

Insider Buying and Selling

In other Innodata news, COO Ashok Mishra sold 92,726 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $43.16, for a total value of $4,002,054.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stewart R. Massey sold 50,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 25,262 shares of the company’s stock, valued at $1,024,374.10. The trade was a 66.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 475,277 shares of company stock valued at $21,535,466 in the last quarter. Company insiders own 15.23% of the company’s stock.

Analysts Set New Price Targets

INOD has been the topic of a number of research analyst reports. Craig Hallum initiated coverage on Innodata in a research report on Tuesday, September 17th. They set a “buy” rating and a $23.00 target price on the stock. BWS Financial increased 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. Finally, StockNews.com upgraded Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.67.

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.