Insider Buying: Stewart R. Massey Acquires 3,400 Shares of Innodata Stock (INOD)
Innodata (NASDAQ:INOD) Director Stewart R. Massey bought 3,400 shares of Innodata stock in a transaction dated Wednesday, August 20th. The shares were purchased at an average price of $3.10 per share, with a total value of $10,540.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $31,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through 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.
Shares of Innodata (NASDAQ:INOD) traded up 1.28% during mid-day trading on Thursday, hitting $3.16. The stock had a trading volume of 8,653 shares. Innodata has a 1-year low of $2.21 and a 1-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 $79.9 million.
Innodata (NASDAQ:INOD) last issued its quarterly 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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