Stifel Financial Corp Has $1.19 Million Position in Innodata Inc. (NASDAQ:INOD)

Stifel Financial Corp decreased its holdings in shares of Innodata Inc. (NASDAQ:INOD) by 9.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,895 shares of the technology company’s stock after selling 7,200 shares during the period. Stifel Financial Corp’s holdings in Innodata were worth $1,189,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in INOD. Deerfield Management Company L.P. Series C raised its holdings 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 acquiring an additional 84,509 shares during the last quarter. Rathbones Group PLC bought a new position in shares of Innodata in the second quarter valued at approximately $916,000. Marshall Wace LLP boosted its position in shares of Innodata by 83.9% during the second quarter. Marshall Wace LLP now owns 85,395 shares of the technology company’s stock valued at $1,266,000 after buying an additional 38,954 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Innodata during the second quarter valued at approximately $381,000. Finally, Los Angeles Capital Management LLC bought a new stake in Innodata during the third quarter worth $330,000. 30.75% of the stock is owned by institutional investors.

Insider Activity at Innodata

In related news, COO Ashok Mishra sold 92,726 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stewart R. Massey sold 50,000 shares of Innodata stock in a transaction that occurred 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 of the company’s stock, valued at $1,024,374.10. This represents a 66.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 924,876 shares of company stock worth $42,040,262. Insiders own 15.23% of the company’s stock.

Innodata Stock Performance

Shares of INOD stock opened at $43.01 on Monday. Innodata Inc. has a 52 week low of $5.46 and a 52 week high of $55.17. The firm’s 50-day simple moving average is $33.10 and its two-hundred day simple moving average is $22.22. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 72.90 and a beta of 2.55. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84.

Analysts Set New Price Targets

A number of research firms have issued reports on INOD. Craig Hallum initiated coverage on shares of Innodata in a report on Tuesday, September 17th. They set a “buy” rating and a $23.00 price objective on the stock. BWS Financial boosted their price target on shares of Innodata from $30.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Wedbush assumed coverage on shares of Innodata in a research note on Thursday. They issued an “outperform” rating and a $48.00 price objective for the company. StockNews.com upgraded Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Finally, Chardan Capital reaffirmed a “buy” rating and set a $45.00 price target on shares of Innodata in a research report on Friday, December 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.20.

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.