Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff Sells 187,099 Shares

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 187,099 shares of Innodata stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.07, for a total value of $8,619,650.93. Following the completion of the sale, the chief executive officer now directly owns 1,188,358 shares of the company’s stock, valued at approximately $54,747,653.06. This trade represents a 13.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Jack Abuhoff also recently made the following trade(s):

• On Thursday, November 21st, Jack Abuhoff sold 225,000 shares of Innodata stock. The shares were sold at an average price of $46.38, for a total transaction of $10,435,500.00.

Innodata Trading Down 11.1 %

Shares of Innodata stock opened at $40.37 on Wednesday. The company’s 50-day moving average price is $24.35 and its 200-day moving average price is $18.79. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 68.42 and a beta of 2.30. Innodata Inc. has a 12-month low of $5.46 and a 12-month high of $49.72. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15.

Institutional Trading of Innodata

Several institutional investors and hedge funds have recently bought and sold shares of INOD. Janus Henderson Group PLC purchased a new position in shares of Innodata during the 1st quarter valued at $8,142,000. Deerfield Management Company L.P. Series C increased its stake in 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 acquiring an additional 84,509 shares during the last quarter. Rathbones Group PLC purchased a new stake in shares of Innodata in the 2nd quarter valued at about $916,000. Marshall Wace LLP raised its holdings 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 acquiring an additional 38,954 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Innodata by 324.3% during the 3rd quarter. Barclays PLC now owns 38,557 shares of the technology company’s stock valued at $647,000 after acquiring an additional 29,470 shares during the last quarter. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on INOD shares. StockNews.com raised shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Craig Hallum started coverage on Innodata in a research report on Tuesday, September 17th. They set a “buy” rating and a $23.00 target price on the stock. Finally, BWS Financial raised their price target on Innodata from $30.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Innodata has an average rating of “Moderate Buy” and an average target price of $32.67.

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.