Silverleafe Capital Partners LLC Takes $913,000 Position in Innodata Inc. (NASDAQ:INOD)

Silverleafe Capital Partners LLC acquired a new stake in shares of Innodata Inc. (NASDAQ:INOD) in the fourth quarter, HoldingsChannel reports. The fund acquired 23,110 shares of the technology company’s stock, valued at approximately $913,000.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of Innodata by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 76,954 shares of the technology company’s stock valued at $1,291,000 after purchasing an additional 1,843 shares during the period. Compass Ion Advisors LLC raised its holdings in Innodata by 5.6% in the 3rd quarter. Compass Ion Advisors LLC now owns 37,674 shares of the technology company’s stock valued at $632,000 after acquiring an additional 2,011 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Innodata by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 14,408 shares of the technology company’s stock worth $242,000 after buying an additional 2,099 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Innodata by 17.4% in the 3rd quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company’s stock valued at $250,000 after buying an additional 2,207 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Innodata by 38.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,443 shares of the technology company’s stock valued at $225,000 after acquiring an additional 3,739 shares in the last quarter. Institutional investors own 30.75% of the company’s stock.

Analyst Upgrades and Downgrades

INOD has been the subject of a number of analyst reports. Wedbush assumed coverage on shares of Innodata in a research note on Thursday, December 19th. They set an “outperform” rating and a $48.00 price target for the company. BWS Financial increased their price objective on Innodata from $30.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. StockNews.com raised shares of Innodata from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Chardan Capital reiterated a “buy” rating and issued a $45.00 target price on shares of Innodata in a research note on Friday, December 13th. Finally, Craig Hallum started coverage on Innodata in a research report on Tuesday, September 17th. They issued a “buy” rating and a $23.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $38.20.

Innodata Trading Down 2.1 %

Shares of NASDAQ INOD traded down $0.95 during midday trading on Monday, hitting $43.37. The stock had a trading volume of 1,119,994 shares, compared to its average volume of 1,064,319. The firm has a market cap of $1.26 billion, a P/E ratio of 73.51 and a beta of 2.59. Innodata Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $55.17. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84. The company’s 50-day simple moving average is $37.89 and its 200 day simple moving average is $24.08.

Insider Activity at Innodata

In related news, Director Stewart R. Massey sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $40.55, for a total value of $2,027,500.00. Following the transaction, the director now directly owns 25,262 shares in the company, valued at $1,024,374.10. This represents a 66.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Nauman Sabeeh Toor sold 110,207 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $44.00, for a total transaction of $4,849,108.00. Following the completion of the transaction, the director now directly owns 209,194 shares in the company, valued at approximately $9,204,536. The trade was a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,035,083 shares of company stock worth $46,889,370 over the last 90 days. Insiders own 15.23% of the company’s stock.

About Innodata

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.