Marissa B. Espineli Sells 38,333 Shares of Innodata Inc. (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) CFO Marissa B. Espineli sold 38,333 shares of Innodata stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $47.17, for a total transaction of $1,808,167.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Innodata Stock Down 3.2 %

Innodata stock traded down $1.46 during midday trading on Friday, hitting $44.77. 2,353,293 shares of the stock were exchanged, compared to its average volume of 730,829. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 78.63 and a beta of 2.30. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $22.64 and its 200-day moving average price is $17.95. Innodata Inc. has a 52-week low of $5.46 and a 52-week high of $49.72.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new stake in shares of Innodata in the 2nd quarter worth approximately $27,000. Elkhorn Partners Limited Partnership bought a new stake in shares of Innodata in the first quarter valued at $94,000. Price T Rowe Associates Inc. MD lifted its position in shares of Innodata by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company’s stock valued at $102,000 after buying an additional 982 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Innodata by 11.2% during the 1st quarter. BNP Paribas Financial Markets now owns 22,208 shares of the technology company’s stock worth $147,000 after acquiring an additional 2,230 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Innodata during the third quarter worth about $206,000. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.