SG Americas Securities LLC bought a new position in shares of Innodata Inc. (NASDAQ:INOD – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm bought 19,606 shares of the technology company’s stock, valued at approximately $775,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Marshall Wace LLP lifted its stake in shares of Innodata by 83.9% in the 2nd quarter. Marshall Wace LLP now owns 85,395 shares of the technology company’s stock valued at $1,266,000 after purchasing an additional 38,954 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Innodata in the 2nd quarter valued at about $381,000. Compass Ion Advisors LLC lifted its stake in shares of Innodata by 5.6% in the 3rd quarter. Compass Ion Advisors LLC now owns 37,674 shares of the technology company’s stock valued at $632,000 after purchasing an additional 2,011 shares during the period. Private Advisor Group LLC lifted its stake in shares of 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 position in shares of Innodata in the 3rd quarter valued at about $311,000. 30.75% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
INOD has been the topic of a number of recent analyst reports. BWS Financial boosted their price objective on Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Chardan Capital reissued a “buy” rating and issued a $45.00 price objective on shares of Innodata in a research note on Friday, December 13th. StockNews.com raised Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Finally, Wedbush started coverage on Innodata in a research report on Thursday, December 19th. They issued an “outperform” rating and a $48.00 target price for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Innodata presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.20.
Innodata Stock Performance
Shares of Innodata stock opened at $34.17 on Thursday. Innodata Inc. has a one year low of $5.46 and a one year high of $55.17. The firm has a market capitalization of $990.93 million, a price-to-earnings ratio of 57.92 and a beta of 2.59. The business has a 50-day simple moving average of $39.90 and a 200 day simple moving average of $26.79. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84.
Innodata (NASDAQ:INOD – Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.28. The firm had revenue of $52.22 million during the quarter, compared to analyst estimates of $35.47 million. Innodata had a return on equity of 44.38% and a net margin of 14.57%. During the same period in the previous year, the company posted $0.01 EPS. On average, research analysts anticipate that Innodata Inc. will post 0.62 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Innodata news, Director Louise C. Forlenza sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $45.10, for a total transaction of $180,400.00. Following the completion of the sale, the director now directly owns 8,278 shares of the company’s stock, valued at approximately $373,337.80. The trade was a 32.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Marissa B. Espineli sold 38,333 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $47.17, for a total value of $1,808,167.61. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,035,083 shares of company stock valued at $46,889,370. Corporate insiders own 15.23% of the company’s stock.
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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