OP Asset Management Ltd Makes New $296,000 Investment in Innodata Inc. $INOD

OP Asset Management Ltd bought a new stake in Innodata Inc. (NASDAQ:INOD) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,670 shares of the technology company’s stock, valued at approximately $296,000.

A number of other institutional investors have also recently made changes to their positions in the company. RFG Advisory LLC purchased a new stake in Innodata during the fourth quarter valued at about $5,750,000. WINTON GROUP Ltd bought a new position in Innodata during the third quarter worth about $1,834,000. Bleakley Financial Group LLC purchased a new position in shares of Innodata in the fourth quarter worth about $900,000. UBS Group AG increased its stake in shares of Innodata by 37.1% in the fourth quarter. UBS Group AG now owns 350,928 shares of the technology company’s stock worth $17,880,000 after purchasing an additional 95,002 shares in the last quarter. Finally, Next Century Growth Investors LLC raised its position in shares of Innodata by 107.5% in the fourth quarter. Next Century Growth Investors LLC now owns 365,835 shares of the technology company’s stock valued at $18,639,000 after purchasing an additional 189,488 shares during the period. Hedge funds and other institutional investors own 30.75% of the company’s stock.

Insider Buying and Selling at Innodata

In related news, COO Ashok Mishra sold 242,901 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $90.15, for a total value of $21,897,525.15. Following the sale, the chief operating officer owned 95,179 shares in the company, valued at approximately $8,580,386.85. This trade represents a 71.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jack Abuhoff sold 200,000 shares of Innodata stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $110.20, for a total value of $22,040,000.00. Following the sale, the chief executive officer directly owned 1,340,456 shares of the company’s stock, valued at $147,718,251.20. This represents a 12.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over 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 Analysts Forecast Growth

A number of analysts recently commented on INOD shares. Wedbush upped their price target on shares of Innodata from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th. BWS Financial restated a “buy” rating on shares of Innodata in a research report on Monday, June 15th. Weiss Ratings raised Innodata from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen raised Innodata from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $130.00.

Innodata Price Performance

INOD stock opened at $75.58 on Wednesday. The firm has a 50 day moving average of $83.43 and a 200-day moving average of $61.05. 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 firm has a market capitalization of $2.47 billion, a P/E ratio of 68.09 and a beta of 2.83.

Innodata (NASDAQ:INOD) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.08 by $0.34. The company had revenue of $90.10 million during the quarter, compared to analysts’ expectations of $76.47 million. Innodata had a net margin of 13.86% and a return on equity of 37.49%. Innodata’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.22 earnings per share. As a group, sell-side analysts predict that Innodata Inc. will post 1.14 earnings per share for the current fiscal year.

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.