Insider Selling: Innodata Inc. (NASDAQ:INOD) Director Sells $457,967.51 in Stock

Innodata Inc. (NASDAQ:INOD – Get Rating) Director Nauman Sabeeh Toor sold 45,751 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $10.01, for a total transaction of $457,967.51. Following the completion of the transaction, the director now directly owns 1,190,467 shares of the company’s stock, valued at approximately $11,916,574.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Nauman Sabeeh Toor also recently made the following trade(s):

• On Thursday, May 18th, Nauman Sabeeh Toor sold 50,000 shares of Innodata stock. The stock was sold at an average price of $9.93, for a total transaction of $496,500.00.
• On Tuesday, May 16th, Nauman Sabeeh Toor sold 26,500 shares of Innodata stock. The stock was sold at an average price of $9.01, for a total transaction of $238,765.00.

Innodata Trading Up 10.3 %

Shares of Innodata stock opened at $9.72 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a fifty day moving average price of $7.87 and a 200 day moving average price of $5.52. Innodata Inc. has a 1 year low of $2.78 and a 1 year high of $10.90. The stock has a market cap of $267.79 million, a PE ratio of -22.93 and a beta of 2.07.

Innodata (NASDAQ:INOD – Get Rating) last issued its earnings results on Thursday, February 23rd. The technology company reported ($0.07) earnings per share (EPS) for the quarter. Innodata had a negative return on equity of 59.14% and a negative net margin of 14.66%. The business had revenue of $19.38 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Innodata in a report on Thursday, May 18th. They set a “sell” rating for the company.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its position in Innodata by 7.1% during the first quarter. Bank of New York Mellon Corp now owns 31,116 shares of the technology company’s stock valued at $218,000 after buying an additional 2,050 shares during the period. Dimensional Fund Advisors LP raised its stake in Innodata by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 306,832 shares of the technology company’s stock worth $2,145,000 after purchasing an additional 13,584 shares during the period. State Street Corp raised its stake in Innodata by 3.6% during the first quarter. State Street Corp now owns 79,406 shares of the technology company’s stock worth $555,000 after purchasing an additional 2,723 shares during the period. Renaissance Technologies LLC raised its stake in shares of Innodata by 0.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,018,390 shares of the technology company’s stock valued at $4,929,000 after acquiring an additional 6,500 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Innodata by 74.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 18,112 shares of the technology company’s stock valued at $55,000 after acquiring an additional 7,704 shares during the period. Hedge funds and other institutional investors own 13.91% of the company’s stock.

About Innodata

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Innodata, Inc is a data engineering company, which engages in providing artificial intelligence software platforms and management of its services. It operates through the following business segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment combines deep neural networks and human expertise in multiple domains to make unstructured information useable.