Dimensional Fund Advisors LP boosted its position in shares of Innodata Inc. (NASDAQ:INOD – Free Report) by 32.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 583,239 shares of the technology company’s stock after purchasing an additional 142,192 shares during the period. Dimensional Fund Advisors LP owned 1.79% of Innodata worth $22,517,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new position in Innodata during the fourth quarter valued at approximately $26,000. Farther Finance Advisors LLC raised its holdings in Innodata by 506.0% during the fourth 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 in the last quarter. Fifth Third Bancorp bought a new position in shares of Innodata in the 1st quarter valued at approximately $45,000. Leonteq Securities AG acquired a new stake in shares of Innodata in the fourth quarter worth $51,000. Finally, IFP Advisors Inc lifted its position in Innodata by 74.8% during the 4th quarter. IFP Advisors Inc now owns 1,166 shares of the technology company’s stock worth $59,000 after acquiring an additional 499 shares during the last quarter. Hedge funds and other institutional investors own 30.75% of the company’s stock.
Insiders Place Their Bets
In other Innodata news, CEO Jack Abuhoff sold 200,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $110.20, for a total value of $22,040,000.00. Following the completion of the sale, the chief executive officer directly owned 1,340,456 shares in the company, valued at $147,718,251.20. This represents a 12.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Marissa B. Espineli sold 19,667 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $105.88, for a total value of $2,082,341.96. Following the sale, the chief financial officer directly owned 28,014 shares of the company’s stock, valued at approximately $2,966,122.32. The trade was a 41.25% decrease in their ownership of the stock. 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
Read Our Latest Report on INOD
Innodata Stock Performance
Shares of Innodata stock opened at $65.48 on Friday. Innodata Inc. has a 52 week low of $34.23 and a 52 week high of $125.14. The firm has a fifty day moving average of $79.62 and a two-hundred day moving average of $62.74. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.49 and a current ratio of 2.49. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 58.99 and a beta of 2.92.
Innodata (NASDAQ:INOD – Get Free Report) last issued its earnings results on Thursday, August 6th. The technology company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.20. The firm had revenue of $92.14 million for the quarter, compared to analysts’ expectations of $86.31 million. Innodata had a return on equity of 37.49% and a net margin of 13.86%.The company’s revenue was up 57.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 earnings per share. As a group, equities research analysts predict that Innodata Inc. will post 1.08 EPS for the current year.
Innodata 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.
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