Insider Buying: Louise C. Forlenza Buys 1,600 Shares of Innodata Stock (INOD)
Innodata (NASDAQ:INOD) Director Louise C. Forlenza purchased 1,600 shares of the company’s stock on the open market in a transaction dated Tuesday, August 26th. The shares were purchased at an average price of $3.17 per share, with a total value of $5,072.00. Following the purchase, the director now directly owns 26,000 shares in the company, valued at approximately $82,420. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.
Innodata (NASDAQ:INOD) traded down 1.59% on Wednesday, hitting $3.09. 16,564 shares of the company’s stock traded hands. Innodata has a 52-week low of $2.21 and a 52-week high of $3.49. The stock’s 50-day moving average is $3.06 and its 200-day moving average is $3.0. The company’s market cap is $78.1 million.
Innodata (NASDAQ:INOD) last announced its earnings results 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. Analysts expect that Innodata will post $-0.01 EPS 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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