1 week Ago By ABMN Staff
Vanguard Group Inc. raised its position in shares of Innodata Inc. ( NASDAQ:INOD – Free Report ) by 7.
7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,639,724 shares of the technology company’s stock after purchasing an additional 117,000 shares during the quarter. Vanguard Group Inc.
owned 0.06% of Innodata worth $64,802,000 at the end of the most recent quarter. Several other large investors have also bought and sold shares of the company.
Allworth Financial LP purchased a new position in shares of Innodata in the fourth quarter worth $29,000. USA Financial Formulas bought a new position in Innodata during the 4th quarter valued at about $36,000. AlphaQuest LLC boosted its holdings in shares of Innodata by 79.
4% during the 4th quarter. AlphaQuest LLC now owns 1,030 shares of the technology company’s stock valued at $41,000 after acquiring an additional 456 shares during the last quarter. SBI Securities Co.
Ltd. bought a new stake in shares of Innodata in the fourth quarter worth approximately $150,000. Finally, Spire Wealth Management purchased a new position in shares of Innodata during the fourth quarter valued at approximately $166,000.
30.75% of the stock is owned by hedge funds and other institutional investors. Insider Buying and Selling In other news, Director Nauman Sabeeh Toor sold 196,777 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th.
The shares were sold at an average price of $64.40, for a total value of $12,672,438.80.
Following the completion of the sale, the director now owns 12,417 shares of the company’s stock, valued at approximately $799,654.80. This represents a 94.
06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Also, COO Ashok Mishra sold 48,650 shares of the company’s stock in a transaction on Wednesday, February 26th.
The stock was sold at an average price of $65.07, for a total value of $3,165,655.50.
Following the sale, the chief operating officer now owns 60,000 shares of the company’s stock, valued at approximately $3,904,200. This represents a 44.78 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold 275,427 shares of company stock valued at $17,790,794 in the last 90 days. Company insiders own 15.
23% of the company’s stock. Analysts Set New Price Targets Read Our Latest Research Report on Innodata Innodata Stock Performance NASDAQ:INOD opened at $36.98 on Friday.
The stock’s fifty day moving average is $44.96 and its 200 day moving average is $36.88.
The firm has a market capitalization of $1.16 billion, a PE ratio of 43.51 and a beta of 2.
66. 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 fifty-two week low of $5.46 and a fifty-two week high of $71.00.
Innodata ( NASDAQ:INOD – Get Free Report ) last issued its quarterly earnings results on Thursday, February 20th. The technology company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.
11 by $0.20. The firm had revenue of $59.
18 million for the quarter, compared to the consensus estimate of $53.01 million. Innodata had a return on equity of 66.
36% and a net margin of 16.81%. On average, sell-side analysts anticipate that Innodata Inc.
will post 0.81 earnings per share for the current year. Innodata Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding INOD? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Innodata Inc. ( NASDAQ:INOD – Free Report ). Receive News & Ratings for Innodata Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innodata and related companies with MarketBeat.
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