Silverleafe Capital Partners LLC Trims Position in Innodata Inc. (NASDAQ:INOD)

Silverleafe Capital Partners LLC trimmed its position in shares of Innodata Inc. (NASDAQ:INOD - Free Report) by 45.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,601 shares of the technology company's stock after selling 10,509 shares during the period. Silverleafe Capital Partners LLC's holdings in Innodata were worth $452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of INOD. D. E. Shaw & Co. Inc. raised its position in shares of Innodata by 1,718.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 944,611 shares of the technology company's stock valued at $37,331,000 after purchasing an additional 892,663 shares during the period. Driehaus Capital Management LLC bought a new position in shares of Innodata during the fourth quarter worth $16,713,000. JPMorgan Chase & Co. boosted its position in shares of Innodata by 2,038.4% during the fourth quarter. JPMorgan Chase & Co. now owns 308,095 shares of the technology company's stock worth $12,176,000 after acquiring an additional 293,687 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Innodata during the fourth quarter worth $11,283,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Innodata by 322.9% during the fourth quarter. Ameriprise Financial Inc. now owns 318,096 shares of the technology company's stock worth $13,649,000 after acquiring an additional 242,871 shares during the last quarter. 30.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on INOD shares. Wedbush dropped their target price on shares of Innodata from $75.00 to $58.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. BWS Financial restated a "buy" rating and set a $74.00 target price on shares of Innodata in a research report on Monday. Finally, Maxim Group upped their target price on shares of Innodata from $54.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.00.

Innodata Price Performance

INOD stock traded up $2.90 during trading on Friday, hitting $49.23. 3,038,012 shares of the company's stock traded hands, compared to its average volume of 1,504,091. Innodata Inc. has a 52 week low of $12.67 and a 52 week high of $71.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.36 and a current ratio of 2.36. The business has a fifty day simple moving average of $38.88 and a 200 day simple moving average of $41.05. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 47.34 and a beta of 2.65.

Innodata (NASDAQ:INOD - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.05. Innodata had a net margin of 17.53% and a return on equity of 55.38%. The business had revenue of $58.34 million for the quarter, compared to the consensus estimate of $57.64 million. The company's quarterly revenue was up 120.1% on a year-over-year basis. As a group, research analysts expect 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.