Innodata Inc. (NASDAQ:INOD – Get Free Report) was the recipient of unusually large options trading activity on Monday. Stock investors bought 5,746 call options on the company. This is an increase of approximately 515% compared to the typical daily volume of 934 call options.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its stake in shares of Innodata by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company’s stock worth $102,000 after acquiring an additional 982 shares in the last quarter. Private Advisor Group LLC increased its stake in Innodata by 8.5% during the 4th quarter. Private Advisor Group LLC now owns 12,700 shares of the technology company’s stock valued at $103,000 after purchasing an additional 1,000 shares in the last quarter. Platform Technology Partners increased its stake in Innodata by 5.2% during the 4th quarter. Platform Technology Partners now owns 28,661 shares of the technology company’s stock valued at $233,000 after purchasing an additional 1,408 shares in the last quarter. nVerses Capital LLC bought a new stake in Innodata during the 2nd quarter valued at about $27,000. Finally, BNP Paribas Financial Markets increased its stake in Innodata by 11.2% during the 1st quarter. BNP Paribas Financial Markets now owns 22,208 shares of the technology company’s stock valued at $147,000 after purchasing an additional 2,230 shares in the last quarter. 30.75% of the stock is currently owned by institutional investors.
Innodata Trading Up 6.7 %
NASDAQ INOD traded up $0.94 during trading on Monday, hitting $14.89. The company had a trading volume of 292,619 shares, compared to its average volume of 634,426. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24. The company’s fifty day moving average is $17.11 and its 200-day moving average is $12.73. The company has a market cap of $428.13 million, a price-to-earnings ratio of 247.33 and a beta of 2.32. Innodata has a one year low of $5.46 and a one year high of $21.58.
Wall Street Analyst Weigh In
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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.
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