Coastal Bridge Advisors LLC Takes Position in Innodata Inc. $INOD

Coastal Bridge Advisors LLC purchased a new position in shares of Innodata Inc. (NASDAQ:INOD) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,600 shares of the technology company’s stock, valued at approximately $817,000.

Other large investors also recently bought and sold shares of the company. New York State Teachers Retirement System increased its stake in Innodata by 11.2% in the third quarter. New York State Teachers Retirement System now owns 2,747 shares of the technology company’s stock worth $212,000 after purchasing an additional 277 shares during the period. Ameritas Investment Partners Inc. grew its holdings in shares of Innodata by 17.5% in the second quarter. Ameritas Investment Partners Inc. now owns 3,095 shares of the technology company’s stock worth $159,000 after purchasing an additional 462 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Innodata by 3.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,613 shares of the technology company’s stock worth $851,000 after purchasing an additional 528 shares during the last quarter. Strong Tower Advisory Services increased its stake in Innodata by 2.9% in the 3rd quarter. Strong Tower Advisory Services now owns 22,571 shares of the technology company’s stock worth $1,740,000 after buying an additional 630 shares during the period. Finally, Global Retirement Partners LLC bought a new stake in Innodata during the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 30.75% of the company’s stock.

Analyst Ratings Changes

INOD has been the topic of a number of research analyst reports. Wedbush upped their target price on shares of Innodata from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Zacks Research lowered Innodata from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. BWS Financial raised Innodata from a “buy” rating to a “top pick” rating and set a $110.00 price objective on the stock in a research note on Monday, January 5th. Finally, Weiss Ratings lowered Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Innodata presently has an average rating of “Moderate Buy” and a consensus target price of $91.67.

Innodata Stock Performance

Shares of INOD stock opened at $63.86 on Friday. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 65.84 and a beta of 2.43. Innodata Inc. has a 52-week low of $26.41 and a 52-week high of $93.85. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $56.85 and its 200 day moving average is $58.50.

Innodata (NASDAQ:INOD) last announced its earnings results on Thursday, November 6th. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.10. The business had revenue of $62.55 million for the quarter, compared to analysts’ expectations of $59.78 million. Innodata had a return on equity of 41.67% and a net margin of 14.11%.The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Innodata Inc. will post 0.81 EPS for the current fiscal year.

Insider Activity

In other Innodata news, COO Ashok Mishra sold 200,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $61.39, for a total value of $12,278,000.00. Following the completion of the transaction, the chief operating officer directly owned 60,000 shares in the company, valued at approximately $3,683,400. The trade was a 76.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Louise C. Forlenza sold 8,278 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $65.00, for a total transaction of $538,070.00. Following the sale, the director directly owned 3,943 shares of the company’s stock, valued at approximately $256,295. The trade was a 67.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 236,372 shares of company stock worth $14,572,507 in the last quarter. 12.20% of the stock is owned by insiders.

Innodata Company 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.