Stifel Financial Corp Sells 50,649 Shares of Innodata Inc. (NASDAQ:INOD)

Stifel Financial Corp trimmed its position in Innodata Inc. (NASDAQ:INOD - Free Report) by 71.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,246 shares of the technology company's stock after selling 50,649 shares during the period. Stifel Financial Corp owned 0.07% of Innodata worth $800,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Innodata by 7.7% in the 4th quarter. Vanguard Group Inc. now owns 1,639,724 shares of the technology company's stock worth $64,802,000 after buying an additional 117,000 shares during the last quarter. JPMorgan Chase & Co. increased its holdings 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 valued at $12,176,000 after acquiring an additional 293,687 shares in the last quarter. Trexquant Investment LP raised its position in shares of Innodata by 222.8% in the 4th quarter. Trexquant Investment LP now owns 300,488 shares of the technology company's stock worth $11,875,000 after purchasing an additional 207,409 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Innodata in the 4th quarter worth about $11,283,000. Finally, Dimensional Fund Advisors LP boosted its stake in Innodata by 58.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 280,297 shares of the technology company's stock worth $11,080,000 after purchasing an additional 103,431 shares in the last quarter. Institutional investors own 30.75% of the company's stock.

Insider Buying and Selling at Innodata

In other news, Director Nauman Sabeeh Toor sold 196,777 shares of Innodata stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $64.40, for a total transaction of $12,672,438.80. Following the transaction, the director now owns 12,417 shares in the company, valued at $799,654.80. This trade represents a 94.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Marissa B. Espineli sold 30,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $65.09, for a total transaction of $1,952,700.00. Following the sale, the chief financial officer now directly owns 18,000 shares of the company's stock, valued at approximately $1,171,620. The trade was a 62.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 275,427 shares of company stock worth $17,790,794 in the last three months. 15.23% of the stock is currently owned by company insiders.

Innodata Trading Down 15.8 %

Shares of INOD stock opened at $34.62 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15. Innodata Inc. has a 12-month low of $10.66 and a 12-month high of $71.00. The stock has a market capitalization of $1.10 billion, a P/E ratio of 40.73 and a beta of 2.75. The firm's 50 day moving average is $38.73 and its 200 day moving average is $39.73.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on INOD shares. Maxim Group lifted their target price on shares of Innodata from $54.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Wedbush lowered their price objective on Innodata from $75.00 to $58.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, BWS Financial lifted their target price on Innodata from $45.00 to $74.00 and gave the stock a "buy" rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $55.00.

Innodata Company 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.

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