Innodata Director Andargachew S. Zelleke Acquires 4,500 Shares (INOD)
Innodata (NASDAQ:INOD) Director Andargachew S. Zelleke purchased 4,500 shares of Innodata stock on the open market in a transaction that occurred on Monday, August 18th. The shares were purchased at an average price of $3.21 per share, with a total value of $14,445.00. Following the completion of the acquisition, the director now directly owns 4,500 shares in the company, valued at approximately $14,445. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 (NASDAQ:INOD) opened at 3.12 on Thursday. Innodata has a one year low of $2.21 and a one year high of $3.49. The stock’s 50-day moving average is $3.05 and its 200-day moving average is $3.05. The company’s market cap is $78.8 million.
Innodata (NASDAQ:INOD) last released its earnings data on Wednesday, July 30th. The company reported ($0.03) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.02) by $0.01. On average, analysts predict that Innodata will post $-0.01 earnings per share for the current fiscal year.
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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