SG Americas Securities LLC Purchases 14,107 Shares of Innodata Inc. $INOD

SG Americas Securities LLC grew its position in Innodata Inc. (NASDAQ:INOD) by 132.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 24,743 shares of the technology company’s stock after purchasing an additional 14,107 shares during the period. SG Americas Securities LLC’s holdings in Innodata were worth $1,907,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. purchased a new stake in shares of Innodata during the 2nd quarter valued at $1,076,000. Wealth Enhancement Advisory Services LLC bought a new position in Innodata during the second quarter valued at about $332,000. Moody Aldrich Partners LLC purchased a new stake in Innodata during the third quarter worth about $3,718,000. Dakota Wealth Management bought a new stake in Innodata in the second quarter worth about $321,000. Finally, Freedom Investment Management Inc. purchased a new position in Innodata in the second quarter valued at about $242,000. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Zacks Research downgraded Innodata from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Wedbush boosted their target price on Innodata from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Finally, BWS Financial upgraded Innodata from a “buy” rating to a “top pick” rating and set a $110.00 price target for the company in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Innodata presently has an average rating of “Moderate Buy” and a consensus price target of $91.67.

Innodata Trading Up 0.7%

Shares of INOD stock opened at $63.16 on Thursday. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 65.11 and a beta of 2.43. The company’s fifty day simple moving average is $56.70 and its two-hundred day simple moving average is $57.81. Innodata Inc. has a 1 year low of $26.41 and a 1 year high of $93.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.69 and a quick ratio of 2.69.

Innodata (NASDAQ:INOD) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.10. The company had revenue of $62.55 million during the quarter, compared to analysts’ expectations of $59.78 million. Innodata had a return on equity of 41.67% and a net margin of 14.11%.Innodata’s revenue for the quarter was up 19.8% on a year-over-year basis. As a group, analysts anticipate that Innodata Inc. will post 0.81 earnings per share for the current year.

Insider Transactions at Innodata

In other news, Director Louise C. Forlenza sold 8,278 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $65.00, for a total transaction of $538,070.00. Following the sale, the director directly owned 3,943 shares in the company, valued at $256,295. This represents a 67.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Ashok Mishra sold 200,000 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $61.39, for a total transaction of $12,278,000.00. Following the completion of the sale, the chief operating officer directly owned 60,000 shares in the company, valued at approximately $3,683,400. The trade was a 76.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 236,372 shares of company stock valued at $14,572,507 in the last ninety days. Insiders own 12.20% of the company’s stock.

About Innodata

Innodata Inc (NASDAQ: INOD) is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata’s platform enables clients to convert unstructured text, images and multimedia into high‐quality, machine‐readable formats that support search, analytics and AI model training.

The firm’s offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.