Silverleafe Capital Partners LLC Has $452,000 Stake in Innodata Inc. (NASDAQ:INOD)

Silverleafe Capital Partners LLC lowered its stake in Innodata Inc. (NASDAQ:INOD - Free Report) by 45.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Allworth Financial LP acquired a new stake in Innodata in the 4th quarter worth approximately $29,000. Meeder Asset Management Inc. bought a new stake in Innodata during the fourth quarter worth approximately $36,000. AlphaQuest LLC boosted its position in Innodata by 79.4% during the fourth quarter. AlphaQuest LLC now owns 1,030 shares of the technology company's stock worth $41,000 after purchasing an additional 456 shares during the period. USA Financial Formulas boosted its position in Innodata by 180.5% during the first quarter. USA Financial Formulas now owns 2,533 shares of the technology company's stock worth $91,000 after purchasing an additional 1,630 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in Innodata in the 4th quarter worth $150,000. Institutional investors own 30.75% of the company's stock.

Innodata Stock Performance

Shares of NASDAQ INOD traded up $2.90 during trading hours on Friday, reaching $49.23. The stock had a trading volume of 3,038,012 shares, compared to its average volume of 1,508,219. The business's fifty day moving average is $39.12 and its two-hundred day moving average is $41.08. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 2.36. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 47.34 and a beta of 2.65. Innodata Inc. has a twelve month low of $13.02 and a twelve month high of $71.00.

Innodata (NASDAQ:INOD - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.05. The business had revenue of $58.34 million during the quarter, compared to analyst estimates of $57.64 million. Innodata had a return on equity of 55.38% and a net margin of 17.53%. The firm's revenue was up 120.1% compared to the same quarter last year. As a group, research analysts expect that Innodata Inc. will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on INOD shares. Wedbush decreased their price target on shares of Innodata from $75.00 to $58.00 and set an "outperform" rating for the company in a report on Friday, May 9th. BWS Financial reiterated a "buy" rating and set a $74.00 price target on shares of Innodata in a report on Monday, June 16th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $55.00.

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.