Handelsbanken Fonder AB Buys Shares of 7,800 Innodata Inc. $INOD

Handelsbanken Fonder AB bought a new stake in shares of Innodata Inc. (NASDAQ:INOD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,800 shares of the technology company’s stock, valued at approximately $397,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Arizona State Retirement System raised its position in Innodata by 2.4% during the 3rd quarter. Arizona State Retirement System now owns 9,386 shares of the technology company’s stock valued at $723,000 after purchasing an additional 217 shares in the last quarter. Prosperity Wealth Management Inc. raised its position in shares of Innodata by 4.0% in the 3rd quarter. Prosperity Wealth Management Inc. now owns 10,500 shares of the technology company’s stock worth $809,000 after acquiring an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Innodata by 5.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,703 shares of the technology company’s stock worth $392,000 after acquiring an additional 418 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Innodata by 3.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,613 shares of the technology company’s stock worth $851,000 after acquiring an additional 528 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of Innodata by 1,567.5% in the 3rd quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock worth $51,000 after acquiring an additional 627 shares in the last quarter. 30.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on INOD. Weiss Ratings lowered Innodata from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Wedbush boosted their price target on Innodata from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Wall Street Zen raised Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, BWS Financial reissued a “top pick” rating and issued a $110.00 price target on shares of Innodata in a research report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Innodata has a consensus rating of “Moderate Buy” and an average price target of $105.00.

Innodata Stock Up 11.6%

Innodata stock opened at $99.35 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.49 and a current ratio of 2.49. The business’s 50-day simple moving average is $57.50 and its two-hundred day simple moving average is $54.62. The company has a market cap of $3.24 billion, a PE ratio of 89.50 and a beta of 2.40. Innodata Inc. has a fifty-two week low of $34.23 and a fifty-two week high of $114.77.

Innodata (NASDAQ:INOD) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.34. The business had revenue of $90.10 million for the quarter, compared to the consensus estimate of $76.47 million. Innodata had a return on equity of 37.49% and a net margin of 13.86%.The company’s quarterly revenue was up 54.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 EPS. Equities analysts anticipate that Innodata Inc. will post 0.99 EPS for the current year.

Insider Buying and Selling at Innodata

In other Innodata news, Director Louise C. Forlenza sold 18,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $94.47, for a total transaction of $1,700,460.00. Following the sale, the director owned 3,943 shares in the company, valued at approximately $372,495.21. The trade was a 82.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stewart R. Massey sold 10,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $96.00, for a total value of $960,000.00. Following the sale, the director owned 11,000 shares in the company, valued at approximately $1,056,000. The trade was a 47.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,014,907 shares of company stock worth $94,584,893. 11.80% of the stock is currently owned by insiders.

About Innodata

Innodata Inc (NASDAQ: INOD) is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata’s platform enables clients to convert unstructured text, images and multimedia into high‐quality, machine‐readable formats that support search, analytics and AI model training.

The firm’s offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.