Y Intercept Hong Kong Ltd Sells 30,366 Shares of Innodata Inc. $INOD

Y Intercept Hong Kong Ltd lowered its holdings in shares of Innodata Inc. (NASDAQ:INOD) by 78.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,325 shares of the technology company’s stock after selling 30,366 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Innodata were worth $642,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of INOD. Platform Technology Partners bought a new stake in Innodata during the 3rd quarter worth approximately $391,000. Quantum Portfolio Management LLC boosted its holdings in shares of Innodata by 54.5% in the third quarter. Quantum Portfolio Management LLC now owns 15,571 shares of the technology company’s stock valued at $1,200,000 after buying an additional 5,493 shares during the period. Global Trust Asset Management LLC increased its position in shares of Innodata by 1,582.0% during the third quarter. Global Trust Asset Management LLC now owns 2,523 shares of the technology company’s stock worth $194,000 after acquiring an additional 2,373 shares in the last quarter. WealthPLAN Partners LLC acquired a new stake in shares of Innodata during the third quarter worth $605,000. Finally, GWN Securities Inc. acquired a new stake in shares of Innodata during the third quarter worth $289,000. 30.75% of the stock is currently owned by institutional investors and hedge funds.

Innodata Trading Down 1.4%

NASDAQ INOD opened at $54.39 on Wednesday. Innodata Inc. has a 12 month low of $26.41 and a 12 month high of $93.85. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average of $56.86 and a 200-day moving average of $58.73. The company has a market cap of $1.73 billion, a PE ratio of 56.07 and a beta of 2.42.

Innodata (NASDAQ:INOD) last issued its earnings results on Thursday, November 6th. The technology company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. The business had revenue of $62.55 million for the quarter, compared to the consensus estimate of $59.78 million. Innodata had a net margin of 14.11% and a return on equity of 41.67%. Innodata’s revenue was up 19.8% on a year-over-year basis. On average, equities research analysts anticipate that Innodata Inc. will post 0.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on INOD shares. BWS Financial reaffirmed a “top pick” rating and issued a $110.00 target price on shares of Innodata in a research note on Friday, January 30th. Weiss Ratings cut Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Zacks Research cut Innodata from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Wedbush reissued an “outperform” rating and issued a $90.00 target price on shares of Innodata in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.67.

Insider Transactions at Innodata

In other Innodata news, Director Louise C. Forlenza sold 8,278 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $65.00, for a total transaction of $538,070.00. Following the transaction, the director owned 3,943 shares of the company’s stock, valued at $256,295. The trade was a 67.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Ashok Mishra sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $61.39, for a total value of $12,278,000.00. Following the completion of the sale, the chief operating officer owned 60,000 shares in the company, valued at $3,683,400. This represents a 76.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 236,372 shares of company stock worth $14,572,507. 15.23% of the stock is owned by insiders.

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.