16,447 Shares in Innodata Inc. (NASDAQ:INOD) Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC acquired a new stake in shares of Innodata Inc. (NASDAQ:INOD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,447 shares of the technology company's stock, valued at approximately $650,000. Gotham Asset Management LLC owned about 0.06% of Innodata at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. raised its holdings in Innodata by 2.0% during the fourth quarter. Invesco Ltd. now owns 11,781 shares of the technology company's stock valued at $466,000 after buying an additional 232 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Innodata by 2.7% during the fourth quarter. NewEdge Advisors LLC now owns 11,300 shares of the technology company's stock valued at $447,000 after buying an additional 300 shares in the last quarter. AlphaQuest LLC raised its holdings in Innodata by 79.4% during the fourth quarter. AlphaQuest LLC now owns 1,030 shares of the technology company's stock valued at $41,000 after buying an additional 456 shares in the last quarter. Allworth Financial LP bought a new position in Innodata during the fourth quarter valued at about $29,000. Finally, Meeder Asset Management Inc. bought a new position in Innodata during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 30.75% of the company's stock.

Wall Street Analyst Weigh In

INOD has been the topic of several recent research reports. Maxim Group raised their target price on Innodata from $54.00 to $75.00 and gave the company a "buy" rating in a report on Friday, February 21st. Wedbush dropped their price objective on Innodata from $75.00 to $58.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, BWS Financial lifted their price objective on Innodata from $45.00 to $74.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $55.00.

Insider Activity at Innodata

In other news, CFO Marissa B. Espineli sold 30,000 shares of the company's stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 18,000 shares in the company, valued at approximately $1,171,620. This represents a 62.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Ashok Mishra sold 48,650 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $65.07, for a total value of $3,165,655.50. Following the completion of the sale, the chief operating officer now owns 60,000 shares in the company, valued at approximately $3,904,200. This represents a 44.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 275,427 shares of company stock worth $17,790,794 over the last three months. Company insiders own 15.23% of the company's stock.

Innodata Stock Performance

INOD traded up $0.33 on Friday, hitting $36.48. 1,020,746 shares of the stock traded hands, compared to its average volume of 1,344,268. Innodata Inc. has a 52 week low of $11.87 and a 52 week high of $71.00. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.16 billion, a PE ratio of 42.92 and a beta of 2.75. The business has a fifty day moving average price of $36.86 and a two-hundred day moving average price of $40.78.

Innodata (NASDAQ:INOD - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. Innodata had a return on equity of 66.36% and a net margin of 16.81%. The firm had revenue of $58.34 million for the quarter, compared to analyst estimates of $57.64 million. Innodata's quarterly revenue was up 120.1% compared to the same quarter last year. On average, research analysts predict that Innodata Inc. will post 0.81 EPS for the current fiscal year.

Innodata Profile

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.