Deutsche Bank AG Sells 1,975 Shares of Innodata Inc. $INOD

Deutsche Bank AG reduced its stake in Innodata Inc. (NASDAQ:INOD) by 7.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,043 shares of the technology company’s stock after selling 1,975 shares during the period. Deutsche Bank AG owned approximately 0.07% of Innodata worth $827,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Invesco Ltd. boosted its holdings in shares of Innodata by 2.0% in the fourth quarter. Invesco Ltd. now owns 11,781 shares of the technology company’s stock worth $466,000 after acquiring an additional 232 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Innodata by 2.7% in the fourth quarter. NewEdge Advisors LLC now owns 11,300 shares of the technology company’s stock worth $447,000 after acquiring an additional 300 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Innodata by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,374 shares of the technology company’s stock worth $608,000 after acquiring an additional 533 shares during the period. Creative Financial Designs Inc. ADV bought a new position in shares of Innodata in the first quarter worth $29,000. Finally, Precision Wealth Strategies LLC boosted its holdings in shares of Innodata by 7.2% in the first quarter. Precision Wealth Strategies LLC now owns 12,646 shares of the technology company’s stock worth $454,000 after acquiring an additional 854 shares during the period. 30.75% of the stock is owned by institutional investors.

Innodata Price Performance

NASDAQ:INOD opened at $37.82 on Tuesday. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 30.50 and a beta of 2.75. Innodata Inc. has a 52-week low of $13.02 and a 52-week high of $71.00. The stock has a fifty day moving average of $46.34 and a 200 day moving average of $43.44. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.87 and a current ratio of 2.87.

Innodata (NASDAQ:INOD) last released its quarterly earnings results on Thursday, July 31st. The technology company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. Innodata had a return on equity of 54.27% and a net margin of 18.71%.The business had revenue of $58.39 million for the quarter, compared to the consensus estimate of $56.35 million. The business’s revenue was up 79.7% compared to the same quarter last year. On average, research analysts expect that Innodata Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on INOD shares. Wedbush cut their price target on Innodata from $75.00 to $58.00 and set an “outperform” rating for the company in a report on Friday, May 9th. BWS Financial reaffirmed a “buy” rating and issued a $74.00 price target on shares of Innodata in a report on Monday, June 16th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $55.00.

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.