Insider Buying: Andargachew S. Zelleke Purchases 4,500 Shares of Innodata Stock (INOD)
Innodata (NASDAQ:INOD) Director Andargachew S. Zelleke bought 4,500 shares of Innodata stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price of $3.21 per share, for a total transaction of $14,445.00. Following the completion of the acquisition, the director now directly owns 4,500 shares of the company’s stock, valued at approximately $14,445. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Innodata (NASDAQ:INOD) opened at 3.16 on Wednesday. Innodata has a 52-week low of $2.21 and a 52-week high of $3.49. The stock has a 50-day moving average of $3.05 and a 200-day moving average of $3.05. The company’s market cap is $79.9 million.
Innodata (NASDAQ:INOD) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.01. Analysts expect that Innodata will post $-0.01 EPS for the current fiscal year.
Separately, analysts at Zacks downgraded shares of Innodata from a “neutral” rating to an “underperform” rating in a research note on Monday, August 4th. They now have a $2.80 price target on the stock.
Innodata Inc, formerly Innodata Isogen, Inc, is a provider of business process, technology and consulting services, as well as products and solutions that help its clients create, manage, use and distribute digital information.
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