Nauman Sabeeh Toor Purchases 20,000 Shares of Innodata Inc (INOD) Stock

Innodata Inc (NASDAQ:INOD) major shareholder Nauman Sabeeh Toor bought 20,000 shares of the stock in a transaction that occurred on Wednesday, September 12th. The shares were purchased at an average price of $1.23 per share, with a total value of $24,600.00. Following the purchase, the insider now owns 326,558 shares of the company’s stock, valued at approximately $401,666.34. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Nauman Sabeeh Toor also recently made the following trade(s):

  • On Friday, August 10th, Nauman Sabeeh Toor bought 34,975 shares of Innodata stock. The shares were purchased at an average price of $1.21 per share, with a total value of $42,319.75.
  • On Monday, July 30th, Nauman Sabeeh Toor bought 20,000 shares of Innodata stock. The shares were purchased at an average price of $1.15 per share, with a total value of $23,000.00.
  • On Wednesday, August 1st, Nauman Sabeeh Toor bought 20,011 shares of Innodata stock. The shares were purchased at an average price of $1.15 per share, with a total value of $23,012.65.

Shares of INOD stock traded up $0.01 on Friday, reaching $1.25. 862 shares of the stock were exchanged, compared to its average volume of 34,425. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.13. Innodata Inc has a twelve month low of $0.88 and a twelve month high of $1.60.

A hedge fund recently raised its stake in Innodata stock. Luzich Partners LLC boosted its stake in shares of Innodata Inc (NASDAQ:INOD) by 42.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,876,174 shares of the technology company’s stock after buying an additional 559,624 shares during the quarter. Innodata accounts for approximately 1.8% of Luzich Partners LLC’s portfolio, making the stock its 11th largest holding. Luzich Partners LLC owned 7.25% of Innodata worth $1,876,000 at the end of the most recent reporting period. Institutional investors own 22.63% of the company’s stock.

Separately, ValuEngine upgraded shares of Innodata from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd.

About Innodata

Innodata Inc, a digital services and solutions company, provides technology solutions and services worldwide. The company operates through three segments: Digital Data Solutions (DDS), Innodata Advanced Data Solutions (IADS), and Media Intelligence Solutions (MIS). The DDS segment produces and distributes e-books; develops new digital information products; and provides operational support services for existing digital information products and systems, including content aggregation, extraction, encoding, indexing and abstracting, fabrication, and distribution.

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