Ashok Mishra Sells 38,666 Shares of Innodata (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INODGet Free Report) COO Ashok Mishra sold 38,666 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $114.34, for a total value of $4,421,070.44. Following the transaction, the chief operating officer directly owned 83,179 shares of the company’s stock, valued at approximately $9,510,686.86. This trade represents a 31.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Ashok Mishra also recently made the following trade(s):

  • On Tuesday, May 12th, Ashok Mishra sold 242,901 shares of Innodata stock. The stock was sold at an average price of $90.15, for a total value of $21,897,525.15.

Innodata Stock Performance

Shares of INOD stock opened at $121.51 on Friday. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 109.47 and a beta of 2.83. The stock has a 50 day simple moving average of $64.36 and a 200-day simple moving average of $56.43. Innodata Inc. has a 12-month low of $34.23 and a 12-month high of $125.14. 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 (NASDAQ:INODGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.34. The business had revenue of $90.10 million for the quarter, compared to analysts’ expectations of $76.47 million. Innodata had a return on equity of 37.49% and a net margin of 13.86%.The company’s revenue was up 54.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 EPS. On average, equities analysts forecast that Innodata Inc. will post 1.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on INOD. Wall Street Zen upgraded Innodata from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Wedbush upped their price target on Innodata from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday. Weiss Ratings upgraded Innodata from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, BWS Financial restated a “top pick” rating and issued a $110.00 price target on shares of Innodata in a report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Innodata presently has an average rating of “Moderate Buy” and an average price target of $115.00.

View Our Latest Analysis on Innodata

Key Innodata News

Here are the key news stories impacting Innodata this week:

Institutional Investors Weigh In On Innodata

Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in Innodata during the 4th quarter valued at $26,000. Farther Finance Advisors LLC grew 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 valued at $41,000 after buying an additional 673 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Innodata during the 1st quarter valued at $45,000. IFP Advisors Inc grew its holdings in Innodata by 1,567.5% during the 3rd quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock valued at $51,000 after buying an additional 627 shares during the last quarter. Finally, Leonteq Securities AG acquired a new stake in Innodata during the 4th quarter valued at $51,000. Institutional investors and hedge funds own 30.75% of the company’s stock.

Innodata Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Innodata (NASDAQ:INOD)

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