Innodata Target of Unusually Large Options Trading (NASDAQ:INOD)

Innodata Inc. (NASDAQ:INOD) was the target of some unusual options trading activity on Friday. Traders bought 2,075 call options on the stock. This represents an increase of approximately 132% compared to the typical volume of 896 call options.

Wall Street Analyst Weigh In

Several research firms have recently commented on INOD. StockNews.com lowered shares of Innodata from a “hold” rating to a “sell” rating in a report on Monday, August 12th. BWS Financial boosted their price target on shares of Innodata from $24.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Maxim Group initiated coverage on shares of Innodata in a research note on Monday, July 15th. They set a “buy” rating and a $30.00 price objective for the company.

Institutional Trading of Innodata

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Innodata by 2.0% during the first quarter. Vanguard Group Inc. now owns 1,460,430 shares of the technology company’s stock worth $9,639,000 after buying an additional 28,173 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Innodata during the first quarter worth $8,142,000. Plustick Management LLC boosted its holdings in Innodata by 2.6% during the fourth quarter. Plustick Management LLC now owns 400,000 shares of the technology company’s stock worth $3,256,000 after buying an additional 10,000 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in Innodata during the fourth quarter worth $1,299,000. Finally, GSA Capital Partners LLP boosted its holdings in Innodata by 128.5% during the first quarter. GSA Capital Partners LLP now owns 137,664 shares of the technology company’s stock worth $909,000 after buying an additional 77,410 shares in the last quarter. 30.75% of the stock is owned by hedge funds and other institutional investors.

Innodata Trading Up 0.6 %

Shares of Innodata stock opened at $17.28 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.25. Innodata has a 12-month low of $5.46 and a 12-month high of $21.58. The firm has a market capitalization of $496.85 million, a price-to-earnings ratio of 288.00 and a beta of 2.33. The firm’s 50 day simple moving average is $17.23 and its two-hundred day simple moving average is $11.96.

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.