Innodata Inc. (NASDAQ:INOD – Get Rating) Director Nauman Sabeeh Toor sold 50,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $9.93, for a total value of $496,500.00. Following the completion of the transaction, the director now directly owns 1,240,467 shares of the company’s stock, valued at $12,317,837.31. The sale was disclosed in a filing with the SEC, which is available at this link.
Nauman Sabeeh Toor also recently made the following trade(s):
- On Tuesday, May 16th, Nauman Sabeeh Toor sold 26,500 shares of Innodata stock. The shares were sold at an average price of $9.01, for a total value of $238,765.00.
Innodata Stock Performance
NASDAQ:INOD opened at $9.91 on Friday. The stock has a market capitalization of $273.02 million, a P/E ratio of -24.17 and a beta of 2.07. The company has a current ratio of 1.11, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. Innodata Inc. has a 1 year low of $2.78 and a 1 year high of $10.29. The firm has a 50 day moving average of $7.68 and a 200-day moving average of $5.37.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of Innodata in a research note on Thursday. They issued a “sell” rating on the stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tradition Wealth Management LLC bought a new position in shares of Innodata in the fourth quarter worth about $30,000. Virtu Financial LLC acquired a new stake in shares of Innodata in the fourth quarter valued at approximately $32,000. Morgan Stanley raised its position in Innodata by 271.3% in the 4th quarter. Morgan Stanley now owns 13,128 shares of the technology company’s stock worth $39,000 after purchasing an additional 9,592 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Innodata by 74.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 18,112 shares of the technology company’s stock worth $55,000 after buying an additional 7,704 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its position in Innodata by 133.7% in the 4th quarter. Susquehanna International Group LLP now owns 49,979 shares of the technology company’s stock valued at $148,000 after buying an additional 28,596 shares during the last quarter. Institutional investors and hedge funds own 13.91% of the company’s stock.
Innodata Company Profile
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.
- Get a free copy of the StockNews.com research report on Innodata (INOD)
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