Vancity Investment Management Ltd decreased its stake in shares of Innodata Inc. (NASDAQ:INOD – Free Report) by 71.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,000 shares of the technology company’s stock after selling 12,470 shares during the quarter. Vancity Investment Management Ltd’s holdings in Innodata were worth $255,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new stake in Innodata in the 4th quarter valued at $26,000. Farther Finance Advisors LLC boosted its holdings in shares of 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 purchasing an additional 673 shares during the last quarter. IFP Advisors Inc grew its position in shares of Innodata by 1,567.5% during the third quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock valued at $51,000 after purchasing an additional 627 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of Innodata during the fourth quarter valued at about $51,000. Finally, Goodman Advisory Group LLC purchased a new position in shares of Innodata during the third quarter valued at about $52,000. 30.75% of the stock is owned by hedge funds and other institutional investors.
Innodata Price Performance
NASDAQ:INOD opened at $95.38 on Friday. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 85.92 and a beta of 2.83. Innodata Inc. has a 1 year low of $34.23 and a 1 year high of $125.14. The business has a 50 day simple moving average of $76.86 and a 200-day simple moving average of $59.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 2.49.
Insider Buying and Selling at Innodata
In other news, COO Ashok Mishra sold 242,901 shares of the stock in a transaction on Tuesday, May 12th. The shares were 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 of the company’s stock, valued at approximately $8,580,386.85. This represents a 71.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jack Abuhoff sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was 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 owned 1,340,456 shares of the company’s stock, valued at $147,718,251.20. This trade represents a 12.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,472,885 shares of company stock valued at $143,998,492 over the last ninety days. 11.80% of the stock is owned by insiders.
Analyst Ratings Changes
A number of equities research analysts recently commented on INOD shares. Wall Street Zen upgraded Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Wedbush raised their price target on Innodata from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. BWS Financial restated a “buy” rating on shares of Innodata in a report on Monday. Finally, Weiss Ratings raised Innodata from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $130.00.
View Our Latest Stock Report on INOD
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.
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