Insider Selling: Innodata Inc. (NASDAQ:INOD) CFO Sells $50,000.00 in Stock

Innodata Inc. (NASDAQ:INOD – Get Rating) CFO Marissa B. Espineli sold 5,000 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $10.00, for a total transaction of $50,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Marissa B. Espineli also recently made the following trade(s):

• On Thursday, May 18th, Marissa B. Espineli sold 3,000 shares of Innodata stock. The stock was sold at an average price of $9.91, for a total transaction of $29,730.00.

Innodata Stock Performance

Innodata stock opened at $9.72 on Friday. Innodata Inc. has a 1-year low of $2.78 and a 1-year high of $10.90. The company has a fifty day simple moving average of $7.87 and a 200 day simple moving average of $5.52. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.34.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its position in shares of Innodata by 7.1% in the 1st quarter. Bank of New York Mellon Corp now owns 31,116 shares of the technology company’s stock valued at $218,000 after acquiring an additional 2,050 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Innodata by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 306,832 shares of the technology company’s stock valued at $2,145,000 after acquiring an additional 13,584 shares during the period. State Street Corp grew its position in shares of Innodata by 3.6% in the 1st quarter. State Street Corp now owns 79,406 shares of the technology company’s stock valued at $555,000 after acquiring an additional 2,723 shares during the period. Renaissance Technologies LLC grew its position 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 grew its position 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. Institutional investors own 13.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Innodata Company Profile

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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.