SG Americas Securities LLC Sells 7,911 Shares of Innodata Inc. $INOD

SG Americas Securities LLC decreased its stake in shares of Innodata Inc. (NASDAQ:INOD) by 23.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,993 shares of the technology company’s stock after selling 7,911 shares during the period. SG Americas Securities LLC owned approximately 0.08% of Innodata worth $1,004,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. bought a new stake in Innodata in the 4th quarter valued at $26,000. Farther Finance Advisors LLC increased its holdings in Innodata by 506.0% during the 4th quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock worth $41,000 after purchasing an additional 673 shares in the last quarter. IFP Advisors Inc raised its stake 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 valued at $51,000 after purchasing an additional 627 shares during the period. Leonteq Securities AG acquired a new stake in shares of Innodata in the 4th quarter valued at about $51,000. Finally, Goodman Advisory Group LLC bought a new stake in shares of Innodata in the third quarter valued at about $52,000. 30.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Innodata

In other news, COO Ashok Mishra sold 242,901 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $90.15, for a total transaction of $21,897,525.15. Following the transaction, the chief operating officer directly owned 95,179 shares in the company, valued at $8,580,386.85. The trade was a 71.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jack Abuhoff sold 200,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $110.20, for a total transaction of $22,040,000.00. Following the completion of the sale, the chief executive officer directly owned 1,340,456 shares in the company, valued at approximately $147,718,251.20. The trade was a 12.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,472,885 shares of company stock valued at $143,998,492. Insiders own 11.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on INOD. Wedbush increased their price objective on Innodata from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, June 4th. Wall Street Zen upgraded Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. BWS Financial reaffirmed a “buy” rating on shares of Innodata in a research report on Monday, June 15th. Finally, Weiss Ratings raised shares of Innodata from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Innodata Stock Performance

NASDAQ INOD opened at $68.88 on Friday. The company has a market cap of $2.25 billion, a PE ratio of 62.05 and a beta of 2.89. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.07. Innodata Inc. has a 12 month low of $34.23 and a 12 month high of $125.14. The stock has a 50 day moving average of $84.82 and a 200-day moving average of $61.34.

Innodata (NASDAQ:INOD) last released its 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. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The business had revenue of $90.10 million during the quarter, compared to analysts’ expectations of $76.47 million. During the same period last year, the business earned $0.22 earnings per share. The firm’s revenue was up 54.5% on a year-over-year basis. On average, equities research analysts anticipate that Innodata Inc. will post 1.14 EPS for the current fiscal year.

Innodata Profile

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.