Innodata Director Buys $5,072 in Stock (INOD)
Innodata (NASDAQ:INOD) Director Louise C. Forlenza purchased 1,600 shares of Innodata stock on the open market in a transaction that occurred on 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 completion of the transaction, the director now directly owns 26,000 shares in the company, valued at approximately $82,420. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Innodata (NASDAQ:INOD) remained flat at $3.09 during trading on Thursday. The stock had a trading volume of 1,688 shares. 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 $3.06 and a 200-day moving average of $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.
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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