Brevan Howard Capital Management LP bought a new position in shares of Innodata Inc. (NASDAQ:INOD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,201 shares of the technology company's stock, valued at approximately $759,000. Brevan Howard Capital Management LP owned 0.07% of Innodata at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cary Street Partners Financial LLC bought a new stake in Innodata in the 4th quarter valued at $830,000. Baird Financial Group Inc. bought a new stake in Innodata in the 4th quarter valued at $262,000. BNP Paribas Financial Markets increased its holdings in Innodata by 269.0% in the 4th quarter. BNP Paribas Financial Markets now owns 49,604 shares of the technology company's stock valued at $1,960,000 after buying an additional 36,161 shares during the period. Ameriprise Financial Inc. increased its holdings in Innodata by 322.9% in the 4th quarter. Ameriprise Financial Inc. now owns 318,096 shares of the technology company's stock valued at $13,649,000 after buying an additional 242,871 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Innodata in the 4th quarter valued at $952,000. Institutional investors own 30.75% of the company's stock.
Insider Activity at Innodata
In other Innodata news, COO Ashok Mishra sold 48,650 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $65.07, for a total transaction of $3,165,655.50. Following the completion of the transaction, the chief operating officer now owns 60,000 shares of the company's stock, valued at approximately $3,904,200. The trade was a 44.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Marissa B. Espineli sold 30,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $65.09, for a total value of $1,952,700.00. Following the transaction, the chief financial officer now directly owns 18,000 shares of the company's stock, valued at approximately $1,171,620. The trade was a 62.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 275,427 shares of company stock valued at $17,790,794 over the last quarter. 12.20% of the stock is owned by corporate insiders.
Analyst Ratings Changes
INOD has been the topic of several analyst reports. BWS Financial boosted their price target on shares of Innodata from $45.00 to $74.00 and gave the company a "buy" rating in a report on Friday, February 21st. Maxim Group increased their price target on shares of Innodata from $54.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Wedbush cut their price target on shares of Innodata from $75.00 to $58.00 and set an "outperform" rating on the stock in a research report on Friday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Innodata currently has a consensus rating of "Moderate Buy" and an average target price of $55.00.
Check Out Our Latest Research Report on Innodata
Innodata Stock Performance
INOD stock traded up $0.51 during midday trading on Tuesday, reaching $36.32. 2,420,699 shares of the company were exchanged, compared to its average volume of 1,307,129. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84. The business has a 50-day moving average price of $38.37 and a two-hundred day moving average price of $39.98. Innodata Inc. has a one year low of $10.66 and a one year high of $71.00. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 42.73 and a beta of 2.75.
Innodata (NASDAQ:INOD - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.05. The company had revenue of $58.34 million during the quarter, compared to the consensus estimate of $57.64 million. Innodata had a return on equity of 66.36% and a net margin of 16.81%. The business's quarterly revenue was up 120.1% compared to the same quarter last year. Equities research analysts forecast that Innodata Inc. will post 0.81 EPS for the current year.
About Innodata
(
Free Report)
Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.
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