Private Advisor Group LLC Sells 7,907 Shares of Innodata Inc. (NASDAQ:INOD)

Private Advisor Group LLC reduced its stake in shares of Innodata Inc. (NASDAQ:INOD - Free Report) by 53.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,000 shares of the technology company's stock after selling 7,907 shares during the period. Private Advisor Group LLC's holdings in Innodata were worth $277,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of INOD. Principal Financial Group Inc. bought a new position in Innodata in the 3rd quarter worth about $311,000. Los Angeles Capital Management LLC purchased a new position in Innodata during the 3rd quarter valued at about $330,000. Charles Schwab Investment Management Inc. grew its holdings in Innodata by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 76,954 shares of the technology company's stock valued at $1,291,000 after buying an additional 1,843 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Innodata by 38.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,443 shares of the technology company's stock valued at $225,000 after buying an additional 3,739 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in Innodata during the 3rd quarter valued at about $318,000. 30.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

INOD has been the subject of a number of recent analyst reports. StockNews.com raised Innodata from a "sell" rating to a "hold" rating in a report on Saturday, November 16th. BWS Financial boosted their target price on Innodata from $45.00 to $74.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Wedbush started coverage on Innodata in a research report on Thursday, December 19th. They set an "outperform" rating and a $48.00 target price for the company. Chardan Capital restated a "buy" rating and set a $45.00 target price on shares of Innodata in a research report on Friday, December 13th. Finally, Maxim Group boosted their target price on Innodata from $54.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.00.

Insider Buying and Selling

In related news, CFO Marissa B. Espineli sold 30,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $65.09, for a total transaction of $1,952,700.00. Following the completion of the sale, the chief financial officer now directly owns 18,000 shares in the company, valued at $1,171,620. This represents a 62.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Nauman Sabeeh Toor sold 110,207 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $44.00, for a total value of $4,849,108.00. Following the transaction, the director now owns 209,194 shares in the company, valued at approximately $9,204,536. The trade was a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,634 shares of company stock worth $22,639,902 in the last 90 days. 15.23% of the stock is owned by company insiders.

Innodata Price Performance

NASDAQ:INOD traded up $0.94 during midday trading on Friday, hitting $47.25. The company had a trading volume of 1,669,620 shares, compared to its average volume of 2,151,342. Innodata Inc. has a 52-week low of $5.46 and a 52-week high of $71.00. The stock's fifty day moving average price is $44.06 and its 200-day moving average price is $32.76. The company has a market capitalization of $1.48 billion, a PE ratio of 55.59 and a beta of 2.59. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15.

Innodata (NASDAQ:INOD - Get Free Report) last announced its earnings results on Thursday, February 20th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.20. Innodata had a net margin of 16.81% and a return on equity of 66.36%. The company had revenue of $59.18 million during the quarter, compared to analyst estimates of $53.01 million. As a group, research analysts expect that Innodata Inc. will post 0.81 earnings per share for the current 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.