Next Century Growth Investors LLC Boosts Holdings in Innodata Inc. $INOD

Next Century Growth Investors LLC increased its holdings in Innodata Inc. (NASDAQ:INOD) by 107.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 365,835 shares of the technology company’s stock after purchasing an additional 189,488 shares during the period. Innodata accounts for 1.3% of Next Century Growth Investors LLC’s holdings, making the stock its 28th biggest holding. Next Century Growth Investors LLC’s holdings in Innodata were worth $18,639,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in INOD. Northwestern Mutual Wealth Management Co. purchased a new position in Innodata in the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC lifted its holdings in Innodata by 506.0% in the 4th quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock worth $41,000 after purchasing an additional 673 shares in the last quarter. IFP Advisors Inc lifted its holdings in Innodata by 1,567.5% in the 3rd quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock worth $51,000 after purchasing an additional 627 shares in the last quarter. Leonteq Securities AG purchased a new position in Innodata in the 4th quarter worth approximately $51,000. Finally, Goodman Advisory Group LLC purchased a new position in Innodata in the 3rd quarter worth approximately $52,000. 30.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INOD has been the topic of a number of research analyst reports. BWS Financial reissued a “top pick” rating and issued a $110.00 price target on shares of Innodata in a report on Friday, April 10th. Wedbush boosted their price target on Innodata from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, June 4th. Wall Street Zen raised Innodata from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Weiss Ratings raised Innodata from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.00.

Innodata Stock Performance

NASDAQ INOD opened at $100.90 on Friday. The company has a market cap of $3.29 billion, a P/E ratio of 90.90 and a beta of 2.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.49 and a current ratio of 2.49. The business’s 50 day moving average price is $71.86 and its 200-day moving average price is $58.41. Innodata Inc. has a fifty-two week low of $34.23 and a fifty-two week high of $125.14.

Innodata (NASDAQ:INOD) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.08 by $0.34. The company had revenue of $90.10 million for the quarter, compared to the consensus estimate of $76.47 million. Innodata had a return on equity of 37.49% and a net margin of 13.86%.Innodata’s quarterly revenue was up 54.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.22 EPS. Sell-side analysts predict that Innodata Inc. will post 1.14 earnings per share for the current year.

Insider Buying and Selling at Innodata

In other Innodata news, CEO Jack Abuhoff sold 150,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $94.39, for a total value of $14,158,500.00. Following the transaction, the chief executive officer owned 1,340,456 shares of the company’s stock, valued at $126,525,641.84. This represents a 10.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Ashok Mishra sold 242,901 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $90.15, for a total value of $21,897,525.15. Following the completion of the transaction, the chief operating officer directly owned 95,179 shares in the company, valued at $8,580,386.85. This trade represents a 71.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,178,826 shares of company stock worth $112,016,456 in the last ninety days. 11.80% of the stock is currently owned by corporate insiders.

Innodata Company Profile

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.