Innodata Inc. (NASDAQ:INOD - Get Free Report) Director Nauman Sabeeh Toor sold 110,207 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $44.00, for a total transaction of $4,849,108.00. Following the completion of the sale, the director now directly owns 209,194 shares in the company, valued at approximately $9,204,536. This trade represents a 34.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Nauman Sabeeh Toor also recently made the following trade(s):

Innodata stock traded up $0.25 during midday trading on Monday, hitting $43.26. The company's stock had a trading volume of 2,444,323 shares, compared to its average volume of 846,891. Innodata Inc. has a 12 month low of $5.46 and a 12 month high of $55.17. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15. The stock's 50-day moving average price is $33.10 and its 200-day moving average price is $22.22. The company has a market capitalization of $1.25 billion, a PE ratio of 73.32 and a beta of 2.55.

Hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new stake in Innodata during the 2nd quarter worth about $27,000. Point72 Asset Management L.P. purchased a new position in shares of Innodata in the third quarter worth approximately $206,000. BNP Paribas Financial Markets raised its holdings in shares of Innodata by 38.5% during the third 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 during the period. Private Advisor Group LLC lifted its position 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 acquiring an additional 2,207 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new position in Innodata in the 3rd quarter worth approximately $311,000. Institutional investors and hedge funds own 30.75% of the company's stock.

Several equities analysts have recently issued reports on the company. Chardan Capital reiterated a "buy" rating and set a $45.00 price objective on shares of Innodata in a research report on Friday, December 13th. Wedbush initiated coverage on Innodata in a research note on Thursday. They issued an "outperform" rating and a $48.00 price target for the company. Craig Hallum began coverage on Innodata in a report on Tuesday, September 17th. They set a "buy" rating and a $23.00 price target on the stock. BWS Financial upped their price objective on shares of Innodata from $30.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Finally, StockNews.com raised shares of Innodata from a "sell" rating to a "hold" rating in a research note on Saturday, November 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Innodata currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.20.

View Our Latest Research Report on 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Innodata, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Innodata wasn't on the list.

While Innodata currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.