Innodata Inc. (NASDAQ:INOD) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in shares of Innodata Inc. (NASDAQ:INOD) by 38.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,443 shares of the technology company’s stock after purchasing an additional 3,739 shares during the quarter. BNP Paribas Financial Markets’ holdings in Innodata were worth $225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Innodata by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company’s stock worth $102,000 after acquiring an additional 982 shares during the period. Bank of New York Mellon Corp boosted its position in Innodata by 19.1% during the second quarter. Bank of New York Mellon Corp now owns 78,057 shares of the technology company’s stock worth $1,158,000 after purchasing an additional 12,515 shares in the last quarter. nVerses Capital LLC acquired a new stake in Innodata in the second quarter valued at $27,000. Rhumbline Advisers increased its position in shares of Innodata by 19.2% in the second quarter. Rhumbline Advisers now owns 37,725 shares of the technology company’s stock valued at $559,000 after buying an additional 6,066 shares in the last quarter. Finally, Rathbones Group PLC purchased a new position in shares of Innodata in the second quarter valued at $916,000. 30.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on INOD. StockNews.com raised shares of Innodata from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. BWS Financial increased their target price on Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a report on Friday, November 8th. Chardan Capital reissued a “buy” rating and issued a $45.00 price target on shares of Innodata in a report on Friday. Finally, Craig Hallum started coverage on Innodata in a research note on Tuesday, September 17th. They set a “buy” rating and a $23.00 price objective on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.75.

Insider Transactions at Innodata

In other Innodata news, COO Ashok Mishra sold 92,726 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $43.16, for a total transaction of $4,002,054.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jack Abuhoff sold 225,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $46.38, for a total value of $10,435,500.00. Following the completion of the transaction, the chief executive officer now owns 1,188,358 shares in the company, valued at approximately $55,116,044.04. This trade represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 924,876 shares of company stock worth $42,040,262 over the last quarter. 15.23% of the stock is currently owned by insiders.

Innodata Stock Up 9.4 %

INOD stock opened at $37.76 on Tuesday. The company has a 50 day moving average price of $30.83 and a two-hundred day moving average price of $21.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market capitalization of $1.10 billion, a P/E ratio of 63.56 and a beta of 2.56. Innodata Inc. has a one year low of $5.46 and a one year high of $55.17.

Innodata Profile

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.