Allianz Asset Management GmbH Makes New Investment in Innodata Inc. $INOD

Key Points

• Allianz Asset Management purchased 18,472 Innodata shares worth approximately $1.4 million, while other institutional investors also significantly increased their positions. Institutions collectively own 30.75% of the company.
• Innodata reported strong quarterly results, with adjusted earnings of $0.41 per share beating estimates by $0.20 and revenue rising 57.8% year over year to $92.14 million.
• Insiders sold 304,059 shares worth $32.5 million over the past quarter, and the stock recently traded at $54.64—well below its 12-month high of $125.14. Analysts maintain a “Moderate Buy” consensus with a $130 price target.

Allianz Asset Management GmbH purchased a new stake in shares of Innodata Inc. (NASDAQ:INOD - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 18,472 shares of the technology company's stock, valued at approximately $1,396,000. Allianz Asset Management GmbH owned about 0.05% of Innodata at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. California State Teachers Retirement System boosted its holdings in shares of Innodata by 7,279.0% during the second quarter. California State Teachers Retirement System now owns 2,996,671 shares of the technology company's stock worth $226,488,000 after purchasing an additional 2,956,060 shares during the period. HRT Financial LP increased its position in shares of Innodata by 746.1% during the second quarter. HRT Financial LP now owns 218,635 shares of the technology company's stock valued at $11,198,000 after buying an additional 192,794 shares during the period. Next Century Growth Investors LLC increased its position in shares of Innodata by 107.5% during the fourth quarter. Next Century Growth Investors LLC now owns 365,835 shares of the technology company's stock valued at $18,639,000 after buying an additional 189,488 shares during the period. First Trust Advisors LP bought a new position in Innodata in the second quarter worth about $7,825,000. Finally, Dimensional Fund Advisors LP boosted its position in Innodata by 32.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 583,239 shares of the technology company's stock valued at $22,517,000 after acquiring an additional 142,192 shares in the last quarter. 30.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Innodata

In other news, Director Louise Forlenza sold 10,000 shares of Innodata stock in a transaction on Friday, September 4th. The shares were sold at an average price of $55.01, for a total transaction of $550,100.00. Following the transaction, the director owned 5,424 shares in the company, valued at $298,374.24. This trade represents a 64.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jack Abuhoff sold 200,000 shares of the business's stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $110.20, for a total transaction of $22,040,000.00. Following the sale, the chief executive officer directly owned 1,340,456 shares of the company's stock, valued at approximately $147,718,251.20. The trade was a 12.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 304,059 shares of company stock worth $32,532,136 over the last quarter. Insiders own 11.80% of the company's stock.

Innodata Stock Down 2.6%

Shares of Innodata stock opened at $54.64 on Thursday. Innodata Inc. has a twelve month low of $34.23 and a twelve month high of $125.14. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.06. The company's 50 day moving average is $61.89 and its 200 day moving average is $63.92. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 41.39 and a beta of 2.88.

Innodata (NASDAQ:INOD - Get Free Report) last announced its earnings results on Thursday, August 6th. The technology company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.20. The business had revenue of $92.14 million during the quarter, compared to analyst estimates of $86.31 million. Innodata had a net margin of 14.66% and a return on equity of 37.79%. The company's quarterly revenue was up 57.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. Research analysts anticipate that Innodata Inc. will post 1.18 EPS for the current year.

Wall Street Analysts Forecast Growth

INOD has been the subject of several research reports. Zacks Research lowered Innodata from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. BWS Financial reaffirmed a "top pick" rating and issued a $140.00 price target on shares of Innodata in a research note on Friday, August 7th. Wedbush lifted their price target on shares of Innodata from $100.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, June 4th. Finally, Weiss Ratings lowered shares of Innodata from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Innodata currently has an average rating of "Moderate Buy" and a consensus target price of $130.00.

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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