Louise C. Forlenza Sells 4,000 Shares of Innodata Inc. (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) Director Louise C. Forlenza sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $45.10, for a total transaction of $180,400.00. Following the completion of the sale, the director now owns 8,278 shares of the company’s stock, valued at $373,337.80. This trade represents a 32.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Innodata Trading Up 1.4 %

INOD stock traded up $0.62 during mid-day trading on Monday, reaching $45.39. The company had a trading volume of 2,416,887 shares, compared to its average volume of 738,263. The company has a market capitalization of $1.32 billion, a PE ratio of 76.17 and a beta of 2.30. The firm has a 50 day moving average of $23.23 and a 200 day moving average of $18.35. Innodata Inc. has a 12 month low of $5.46 and a 12 month high of $49.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. 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 objective for the company. StockNews.com raised Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Finally, BWS Financial upped their price objective on Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. nVerses Capital LLC bought a new stake in Innodata during the 2nd quarter valued at $27,000. Elkhorn Partners Limited Partnership purchased a new position in shares of Innodata during the first quarter valued at $94,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Innodata by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company’s stock valued at $102,000 after acquiring an additional 982 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Innodata during the 3rd quarter worth about $206,000. Finally, BNP Paribas Financial Markets grew its holdings in Innodata by 38.5% during the 3rd 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. Institutional investors own 30.75% of the company’s stock.

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.