Innodata (NASDAQ:INOD) CFO Marissa Espineli Sells 19,667 Shares of Stock

Innodata Inc. (NASDAQ:INOD) CFO Marissa Espineli sold 19,667 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $105.88, for a total transaction of $2,082,341.96. Following the completion of the transaction, the chief financial officer owned 28,014 shares of the company’s stock, valued at approximately $2,966,122.32. This represents a 41.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Innodata Trading Up 9.8%

Shares of INOD stock opened at $115.32 on Tuesday. Innodata Inc. has a 52-week low of $34.23 and a 52-week high of $117.19. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 103.89 and a beta of 2.82. 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 firm has a fifty day moving average of $60.14 and a 200-day moving average of $55.25.

Innodata (NASDAQ:INOD) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.34. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The company had revenue of $90.10 million during the quarter, compared to analysts’ expectations of $76.47 million. During the same quarter in the prior year, the company posted $0.22 EPS. The business’s revenue was up 54.5% on a year-over-year basis. On average, equities research analysts forecast that Innodata Inc. will post 0.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Innodata

A number of hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its holdings in Innodata by 2.4% during the 3rd quarter. Arizona State Retirement System now owns 9,386 shares of the technology company’s stock worth $723,000 after acquiring an additional 217 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in Innodata by 3.5% during the 1st quarter. Glenmede Trust Co. NA now owns 7,336 shares of the technology company’s stock worth $283,000 after acquiring an additional 248 shares during the last quarter. Prosperity Wealth Management Inc. grew its holdings in Innodata by 4.0% during 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Innodata by 5.7% during 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 during the last quarter. Finally, Texas Yale Capital Corp. grew its holdings in Innodata by 5.5% during the 4th quarter. Texas Yale Capital Corp. now owns 8,440 shares of the technology company’s stock worth $430,000 after acquiring an additional 440 shares during the last quarter. Institutional investors own 30.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on INOD. Weiss Ratings downgraded shares of Innodata from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Wedbush increased their target price on shares of Innodata from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. BWS Financial reiterated a “top pick” rating and set a $110.00 target price on shares of Innodata in a research report on Friday, April 10th. Finally, Wall Street Zen upgraded shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Innodata presently has a consensus rating of “Moderate Buy” and an average target price of $105.00.

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.