Innodata Inc. (NASDAQ:INOD) Director Nauman Sabeeh Toor Sells 196,777 Shares

Innodata Inc. (NASDAQ:INOD) Director Nauman Sabeeh Toor sold 196,777 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $64.40, for a total value of $12,672,438.80. Following the transaction, the director now owns 12,417 shares in the company, valued at $799,654.80. The trade was a 94.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Nauman Sabeeh Toor also recently made the following trade(s):

• On Friday, December 20th, Nauman Sabeeh Toor sold 110,207 shares of Innodata stock. The shares were sold at an average price of $44.00, for a total transaction of $4,849,108.00.
• On Wednesday, December 4th, Nauman Sabeeh Toor sold 200,000 shares of Innodata stock. The stock was sold at an average price of $45.37, for a total transaction of $9,074,000.00.

Innodata Stock Performance

Shares of NASDAQ:INOD opened at $52.62 on Friday. Innodata Inc. has a 1 year low of $5.46 and a 1 year high of $71.00. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 61.91 and a beta of 2.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84. The company’s 50 day simple moving average is $43.30 and its 200 day simple moving average is $31.29.

Innodata (NASDAQ:INOD) last issued its quarterly earnings results on Thursday, February 20th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.20. Innodata had a return on equity of 66.36% and a net margin of 16.81%. The company had revenue of $59.18 million for the quarter, compared to analyst estimates of $53.01 million. As a group, research analysts predict that Innodata Inc. will post 0.81 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Maxim Group increased their target price on shares of Innodata from $54.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. StockNews.com raised Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. BWS Financial raised their price objective on Innodata from $45.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Wedbush began coverage on Innodata in a research report on Thursday, December 19th. They set an “outperform” rating and a $48.00 target price for the company. Finally, Chardan Capital restated a “buy” rating and issued a $45.00 price target on shares of Innodata in a research report on Friday, December 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of INOD. Allworth Financial LP acquired a new stake in shares of Innodata in the 4th quarter valued at approximately $29,000. USA Financial Formulas bought a new position in Innodata in the 4th quarter valued at approximately $36,000. Meeder Asset Management Inc. acquired a new stake in Innodata in the fourth quarter valued at approximately $36,000. AlphaQuest LLC grew its stake in shares of Innodata by 79.4% during the fourth quarter. AlphaQuest LLC now owns 1,030 shares of the technology company’s stock worth $41,000 after buying an additional 456 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Innodata during the fourth quarter worth $150,000. Institutional investors and hedge funds 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.