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

Innodata Inc. (NASDAQ:INOD) 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

A number of brokerages have recently commented on INOD. Maxim Group began coverage on shares of Innodata in a report on Monday, July 15th. They issued a “buy” rating and a $30.00 price target on the stock. BWS Financial upped their price objective on shares of Innodata from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Craig Hallum assumed coverage on shares of Innodata in a research note on Tuesday, September 17th. They issued a “buy” rating and a $23.00 price objective for the company. Finally, StockNews.com cut shares of Innodata from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.67.

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.