Innodata Inc. (NASDAQ:INOD) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its holdings in Innodata Inc. (NASDAQ:INOD) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,011 shares of the technology company’s stock after selling 943 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Innodata were worth $3,004,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC purchased a new position in shares of Innodata in the 4th quarter valued at about $402,000. Principal Financial Group Inc. acquired a new position in Innodata in the third quarter valued at approximately $311,000. Geode Capital Management LLC increased its stake in Innodata by 2.3% in the third quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company’s stock valued at $10,294,000 after purchasing an additional 13,609 shares during the last quarter. Silverleafe Capital Partners LLC acquired a new stake in Innodata during the fourth quarter worth approximately $913,000. Finally, Calamos Advisors LLC purchased a new stake in shares of Innodata during the 4th quarter worth approximately $283,000. 30.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. BWS Financial lifted their price target on shares of Innodata from $45.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Maxim Group raised their price objective on Innodata from $54.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Chardan Capital reissued a “buy” rating and issued a $45.00 target price on shares of Innodata in a research report on Friday, December 13th. Finally, Wedbush began coverage on Innodata in a research note on Thursday, December 19th. They set an “outperform” rating and a $48.00 price target on the stock. 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

Innodata Price Performance

Shares of NASDAQ:INOD opened at $39.83 on Friday. Innodata Inc. has a one year low of $5.46 and a one year high of $71.00. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 46.86 and a beta of 2.59. The company has a 50-day simple moving average of $45.45 and a 200-day simple moving average of $35.21. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84.

Innodata (NASDAQ:INOD) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.11 by $0.20. Innodata had a return on equity of 66.36% and a net margin of 16.81%. The firm had revenue of $59.18 million during the quarter, compared to the consensus estimate of $53.01 million. On average, analysts predict that Innodata Inc. will post 0.81 EPS for the current year.

Insider Transactions at Innodata

In related news, Director Nauman Sabeeh Toor sold 196,777 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $64.40, for a total transaction of $12,672,438.80. Following the completion of the transaction, the director now directly owns 12,417 shares of the company’s stock, valued at $799,654.80. This represents a 94.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Ashok Mishra sold 48,650 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $65.07, for a total transaction of $3,165,655.50. Following the completion of the sale, the chief operating officer now owns 60,000 shares of the company’s stock, valued at approximately $3,904,200. The trade was a 44.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 275,427 shares of company stock worth $17,790,794 over the last 90 days. 15.23% of the stock is currently owned by insiders.

Innodata 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.