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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.