903 Shares in Innodata Inc. (NASDAQ:INOD) Purchased by USA Financial Formulas

USA Financial Formulas acquired a new position in Innodata Inc. (NASDAQ:INOD) during the 4th quarter, HoldingsChannel reports. The fund acquired 903 shares of the technology company’s stock, valued at approximately $36,000.

Several other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new stake in shares of Innodata in the third quarter worth approximately $311,000. Los Angeles Capital Management LLC acquired a new stake in Innodata during the 3rd quarter worth $330,000. Geode Capital Management LLC grew its holdings in shares of Innodata by 2.3% during the third quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company’s stock worth $10,294,000 after buying an additional 13,609 shares in the last quarter. Silverleafe Capital Partners LLC acquired a new stake in shares of Innodata in the fourth quarter valued at about $913,000. Finally, Barclays PLC lifted its stake in shares of Innodata by 324.3% in the third quarter. Barclays PLC now owns 38,557 shares of the technology company’s stock worth $647,000 after buying an additional 29,470 shares in the last quarter. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on INOD shares. Wedbush started coverage on shares of Innodata in a research note on Thursday, December 19th. They set an “outperform” rating and a $48.00 price objective for the company. BWS Financial lifted their price objective on Innodata from $30.00 to $45.00 and gave the stock 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, Chardan Capital restated a “buy” rating and set a $45.00 price objective on shares of Innodata in a research report on Friday, December 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.20.

Innodata Trading Up 0.7 %

INOD opened at $37.09 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 62.87 and a beta of 2.59. The business has a fifty day moving average price of $40.65 and a 200 day moving average price of $25.46. Innodata Inc. has a 12 month low of $5.46 and a 12 month high of $55.17.

Insider Transactions at Innodata

In other news, Director Nauman Sabeeh Toor sold 110,207 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $44.00, for a total value of $4,849,108.00. Following the sale, the director now directly owns 209,194 shares in the company, valued at approximately $9,204,536. This trade represents a 34.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jack Abuhoff sold 225,000 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $46.38, for a total transaction of $10,435,500.00. Following the transaction, the chief executive officer now owns 1,188,358 shares of the company’s stock, valued at approximately $55,116,044.04. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,035,083 shares of company stock valued at $46,889,370. 15.23% of the stock is currently owned by corporate insiders.

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.