Innodata Inc. (NASDAQ:INOD – Get Free Report) CEO Jack Abuhoff sold 14,944 shares of Innodata stock in a transaction on Monday, August 28th. The shares were sold at an average price of $14.16, for a total value of $211,607.04. Following the transaction, the chief executive officer now directly owns 1,188,358 shares of the company’s stock, valued at $16,827,149.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Innodata Stock Performance
Innodata stock opened at $14.56 on Wednesday. The stock has a 50-day simple moving average of $12.05 and a 200 day simple moving average of $9.60. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.31. Innodata Inc. has a 12-month low of $2.78 and a 12-month high of $15.20. The stock has a market capitalization of $412.05 million, a price-to-earnings ratio of -48.53 and a beta of 2.03.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on Innodata in a report on Thursday, August 17th. They set a “sell” rating for the company.
Institutional Trading of Innodata
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INOD. Royal Bank of Canada acquired a new position in shares of Innodata during the 2nd quarter worth about $25,000. Virtu Financial LLC acquired a new position in shares of Innodata during the 4th quarter worth about $32,000. Morgan Stanley grew its position in shares of Innodata by 271.3% during the 4th quarter. Morgan Stanley now owns 13,128 shares of the technology company’s stock worth $39,000 after buying an additional 9,592 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of Innodata during the 2nd quarter worth about $40,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Innodata by 74.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 18,112 shares of the technology company’s stock worth $55,000 after buying an additional 7,704 shares during the period. 40.53% of the stock is currently owned by institutional investors and hedge funds.
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 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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