Insider Selling: Innodata Inc. (NASDAQ:INOD) Director Sells 110,207 Shares of Stock

Innodata Inc. (NASDAQ:INOD) Director Nauman Sabeeh Toor sold 110,207 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $44.00, for a total value of $4,849,108.00. Following the sale, the director now owns 209,194 shares of the company’s stock, valued at $9,204,536. The trade was a 34.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• 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 Stock Performance

INOD stock traded up $0.25 during mid-day trading on Monday, reaching $43.26. 2,444,323 shares of the stock traded hands, compared to its average volume of 846,891. The firm has a market capitalization of $1.25 billion, a PE ratio of 73.32 and a beta of 2.55. The business has a 50-day moving average of $33.10 and a two-hundred day moving average of $22.22. Innodata Inc. has a 52 week low of $5.46 and a 52 week high of $55.17. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15.

Institutional Trading of Innodata

Several hedge funds have recently added to or reduced their stakes in INOD. nVerses Capital LLC acquired a new position in shares of Innodata during the second quarter worth approximately $27,000. Point72 Asset Management L.P. bought a new position in Innodata during the third quarter worth $206,000. BNP Paribas Financial Markets raised its stake in Innodata by 38.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,443 shares of the technology company’s stock valued at $225,000 after purchasing an additional 3,739 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Innodata by 17.4% in the 3rd quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company’s stock valued at $250,000 after purchasing an additional 2,207 shares during the period. Finally, Principal Financial Group Inc. acquired a new stake in Innodata in the 3rd quarter worth $311,000. Institutional investors own 30.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on INOD shares. Wedbush initiated coverage on shares of Innodata in a research note on Thursday. They issued an “outperform” rating and a $48.00 price objective on the stock. Craig Hallum assumed coverage on shares of Innodata in a research note on Tuesday, September 17th. They set a “buy” rating and a $23.00 price target on the stock. Chardan Capital restated a “buy” rating and set a $45.00 price target on shares of Innodata in a report on Friday, December 13th. StockNews.com upgraded shares of Innodata from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Finally, BWS Financial raised their target price on Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.20.

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.