Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff Sells 187,099 Shares of Stock

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 187,099 shares of Innodata stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.07, for a total transaction of $8,619,650.93. Following the sale, the chief executive officer now owns 1,188,358 shares of the company’s stock, valued at approximately $54,747,653.06. This trade represents a 13.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Jack Abuhoff also recently made the following trade(s):

• On Thursday, November 21st, Jack Abuhoff sold 225,000 shares of Innodata stock. The stock was sold at an average price of $46.38, for a total transaction of $10,435,500.00.

Innodata Price Performance

Innodata stock opened at $45.39 on Tuesday. Innodata Inc. has a 1 year low of $5.46 and a 1 year high of $49.72. The firm has a 50 day moving average price of $23.83 and a 200 day moving average price of $18.58. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 76.93 and a beta of 2.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84.

Institutional Investors Weigh In On Innodata

A number of institutional investors have recently bought and sold shares of INOD. nVerses Capital LLC acquired a new position in Innodata during the second quarter valued at approximately $27,000. Elkhorn Partners Limited Partnership acquired a new position in shares of Innodata during the first quarter worth $94,000. Price T Rowe Associates Inc. MD lifted its position in shares of Innodata by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company’s stock worth $102,000 after purchasing an additional 982 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Innodata during the third quarter worth $206,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Innodata by 38.5% during the third quarter. BNP Paribas Financial Markets now owns 13,443 shares of the technology company’s stock worth $225,000 after purchasing an additional 3,739 shares in the last quarter. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on INOD shares. StockNews.com upgraded shares of Innodata from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. BWS Financial lifted their price target on shares of Innodata from $30.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Craig Hallum assumed coverage on shares of Innodata in a report on Tuesday, September 17th. They issued a “buy” rating and a $23.00 target price for the company. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.67.

About Innodata

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.