Ashok Mishra Sells 92,726 Shares of Innodata Inc. (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra sold 92,726 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $43.16, for a total value of $4,002,054.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Innodata Price Performance

Shares of NASDAQ INOD opened at $44.45 on Thursday. Innodata Inc. has a twelve month low of $5.46 and a twelve month high of $49.72. The firm has a market cap of $1.29 billion, a P/E ratio of 75.34 and a beta of 2.30. The company has a 50 day moving average of $21.44 and a 200 day moving average of $17.56. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15.

Analysts Set New Price Targets

INOD has been the topic of several recent analyst reports. BWS Financial raised their target price on Innodata from $30.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Craig Hallum initiated coverage on Innodata in a research note on Tuesday, September 17th. They issued a “buy” rating and a $23.00 target price on the stock. Finally, StockNews.com raised Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Innodata presently has an average rating of “Moderate Buy” and a consensus target price of $32.67.

Hedge Funds Weigh In On Innodata

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Innodata by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 1,460,430 shares of the technology company’s stock valued at $9,639,000 after buying an additional 28,173 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in Innodata during the 1st quarter valued at $8,142,000. Geode Capital Management LLC raised its stake in Innodata by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company’s stock valued at $10,294,000 after buying an additional 13,609 shares during the last quarter. State Street Corp increased its stake in shares of Innodata by 1.8% in the 3rd quarter. State Street Corp now owns 537,301 shares of the technology company’s stock worth $9,011,000 after purchasing an additional 9,408 shares in the last quarter. Finally, Deerfield Management Company L.P. Series C increased its stake in shares of Innodata by 309.5% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 111,814 shares of the technology company’s stock worth $1,658,000 after purchasing an additional 84,509 shares in the last quarter. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

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.