Trexquant Investment LP Has $392,000 Stock Position in Innodata Inc. (NASDAQ:INOD)

Trexquant Investment LP lowered its stake in Innodata Inc. (NASDAQ:INODFree Report) by 66.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 48,128 shares of the technology company’s stock after selling 93,682 shares during the period. Trexquant Investment LP owned approximately 0.17% of Innodata worth $392,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of INOD. Allspring Global Investments Holdings LLC bought a new stake in Innodata in the 3rd quarter valued at about $25,000. Montag A & Associates Inc. bought a new stake in Innodata in the 4th quarter valued at about $33,000. Victory Capital Management Inc. bought a new stake in Innodata in the 4th quarter valued at about $53,000. Private Advisor Group LLC bought a new stake in Innodata in the 3rd quarter valued at about $100,000. Finally, Atria Wealth Solutions Inc. bought a new stake in Innodata in the 3rd quarter valued at about $103,000. Institutional investors and hedge funds own 30.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on INOD. BWS Financial began coverage on shares of Innodata in a report on Wednesday, May 22nd. They set a “buy” rating and a $24.00 price target for the company. TheStreet raised shares of Innodata from a “d” rating to a “c-” rating in a report on Friday, February 23rd.

Check Out Our Latest Stock Report on Innodata

Innodata Price Performance

INOD stock opened at $14.41 on Tuesday. The company has a 50 day simple moving average of $8.58 and a 200 day simple moving average of $8.36. The stock has a market cap of $414.29 million, a price-to-earnings ratio of 240.21 and a beta of 2.21. Innodata Inc. has a 1 year low of $5.46 and a 1 year high of $15.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.46.

Innodata (NASDAQ:INODGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $26.50 million during the quarter. Innodata had a net margin of 2.33% and a return on equity of 9.08%. Research analysts anticipate that Innodata Inc. will post 0.18 EPS for the current fiscal year.

About Innodata

(Free Report)

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.

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Institutional Ownership by Quarter for Innodata (NASDAQ:INOD)

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