Insider Buying: Innodata Director Purchases 1,600 Shares of Stock (INOD)
Innodata (NASDAQ:INOD) Director Louise C. Forlenza purchased 1,600 shares of the stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was purchased at an average cost of $3.17 per share, with a total value of $5,072.00. Following the acquisition, the director now directly owns 26,000 shares of the company’s stock, valued at approximately $82,420. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Shares of Innodata (NASDAQ:INOD) traded up 0.32% on Friday, hitting $3.1299. The stock had a trading volume of 9,721 shares. 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 $3.07. The company’s market cap is $79.1 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. 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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