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

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 187,099 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were 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 in the company, valued at approximately $54,747,653.06. This trade represents a 13.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through 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 shares were sold at an average price of $46.38, for a total transaction of $10,435,500.00.

Innodata Price Performance

INOD stock opened at $38.33 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84. Innodata Inc. has a 52 week low of $5.46 and a 52 week high of $49.72. The firm’s fifty day moving average is $24.84 and its 200 day moving average is $18.93. The firm has a market cap of $1.11 billion, a P/E ratio of 64.97 and a beta of 2.30.

Wall Street Analyst Weigh In

INOD has been the topic of several research reports. StockNews.com upgraded shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Craig Hallum assumed coverage on shares of Innodata in a report on Tuesday, September 17th. They set a “buy” rating and a $23.00 target price on the stock. Finally, BWS Financial increased their target price on shares of Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Innodata currently has a consensus rating of “Moderate Buy” and an average price target of $32.67.

Hedge Funds Weigh In On Innodata

Several institutional investors and hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC bought a new stake in Innodata in the 1st quarter worth $8,142,000. Deerfield Management Company L.P. Series C grew its holdings in Innodata by 309.5% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 111,814 shares of the technology company’s stock worth $1,658,000 after acquiring an additional 84,509 shares during the last quarter. Rathbones Group PLC bought a new stake in Innodata in the 2nd quarter worth $916,000. Marshall Wace LLP grew its holdings in Innodata by 83.9% in the 2nd quarter. Marshall Wace LLP now owns 85,395 shares of the technology company’s stock worth $1,266,000 after acquiring an additional 38,954 shares during the last quarter. Finally, Barclays PLC grew its holdings in Innodata by 324.3% in the 3rd quarter. Barclays PLC now owns 38,557 shares of the technology company’s stock worth $647,000 after acquiring an additional 29,470 shares during the last quarter. Institutional investors own 30.75% of the company’s stock.

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.