XTX Topco Ltd Sells 5,849 Shares of Innodata Inc. (NASDAQ:INOD)

XTX Topco Ltd decreased its position in shares of Innodata Inc. (NASDAQ:INOD) by 30.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,396 shares of the technology company’s stock after selling 5,849 shares during the quarter. XTX Topco Ltd’s holdings in Innodata were worth $225,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new stake in shares of Innodata in the 3rd quarter valued at $311,000. Los Angeles Capital Management LLC bought a new stake in shares of Innodata during the 3rd quarter worth $330,000. Rathbones Group PLC acquired a new stake in Innodata in the second quarter valued at about $916,000. Centiva Capital LP bought a new position in Innodata in the third quarter valued at about $318,000. Finally, BNP Paribas Financial Markets raised its stake in Innodata by 38.5% during the third quarter. BNP Paribas Financial Markets now owns 13,443 shares of the technology company’s stock worth $225,000 after acquiring an additional 3,739 shares in the last quarter. 30.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Ashok Mishra sold 92,726 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $43.16, for a total transaction of $4,002,054.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stewart R. Massey sold 50,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $40.55, for a total transaction of $2,027,500.00. Following the completion of the transaction, the director now owns 25,262 shares in the company, valued at approximately $1,024,374.10. The trade was a 66.43 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 924,876 shares of company stock valued at $42,040,262. 15.23% of the stock is currently owned by company insiders.

Innodata Stock Performance

Shares of Innodata stock opened at $39.76 on Friday. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 67.39 and a beta of 2.56. Innodata Inc. has a twelve month low of $5.46 and a twelve month high of $55.17. The company’s fifty day moving average is $32.57 and its 200 day moving average is $21.91. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15.

Analyst Ratings Changes

A number of research firms have recently weighed in on INOD. Craig Hallum started coverage on shares of Innodata in a research note on Tuesday, September 17th. They issued a “buy” rating and a $23.00 price target on the stock. BWS Financial raised their target price on shares of Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Chardan Capital reiterated a “buy” rating and set a $45.00 price target on shares of Innodata in a report on Friday, December 13th. StockNews.com raised Innodata from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Finally, Wedbush initiated coverage on Innodata in a report on Thursday. They issued an “outperform” rating and a $48.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.20.

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.