Penserra Capital Management LLC Takes Position in Innodata Inc. $INOD

Penserra Capital Management LLC acquired a new position in Innodata Inc. (NASDAQ:INOD) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 50,313 shares of the technology company’s stock, valued at approximately $3,877,000. Penserra Capital Management LLC owned about 0.16% of Innodata at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of INOD. Jump Financial LLC raised its position in shares of Innodata by 1,058.5% during the 2nd quarter. Jump Financial LLC now owns 391,200 shares of the technology company’s stock valued at $20,037,000 after buying an additional 357,433 shares in the last quarter. HRT Financial LP increased its stake in Innodata by 746.1% in the second quarter. HRT Financial LP now owns 218,635 shares of the technology company’s stock valued at $11,198,000 after acquiring an additional 192,794 shares during the last quarter. First Trust Advisors LP purchased a new stake in Innodata during the second quarter valued at about $7,825,000. AQR Capital Management LLC raised its position in Innodata by 446.4% during the first quarter. AQR Capital Management LLC now owns 90,968 shares of the technology company’s stock valued at $3,266,000 after purchasing an additional 74,320 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Innodata by 11.0% during the second quarter. Geode Capital Management LLC now owns 700,217 shares of the technology company’s stock worth $35,869,000 after purchasing an additional 69,475 shares during the last quarter. Hedge funds and other institutional investors own 30.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on INOD shares. Weiss Ratings cut Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. BWS Financial reiterated a “top pick” rating and set a $110.00 price target on shares of Innodata in a research report on Friday, January 30th. Zacks Research lowered shares of Innodata from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Innodata in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.67.

Insider Activity

In related news, COO Ashok Mishra sold 200,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $61.39, for a total transaction of $12,278,000.00. Following the transaction, the chief operating officer owned 60,000 shares in the company, valued at $3,683,400. The trade was a 76.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Louise C. Forlenza sold 8,278 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $65.00, for a total value of $538,070.00. Following the completion of the sale, the director owned 3,943 shares of the company’s stock, valued at approximately $256,295. This trade represents a 67.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 236,372 shares of company stock valued at $14,572,507. Insiders own 12.20% of the company’s stock.

Innodata Stock Performance

Shares of INOD stock opened at $43.52 on Friday. The company has a market capitalization of $1.39 billion, a P/E ratio of 44.87 and a beta of 2.42. Innodata Inc. has a fifty-two week low of $26.41 and a fifty-two week high of $93.85. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.69 and a current ratio of 2.69. The stock has a 50 day moving average price of $56.38 and a two-hundred day moving average price of $58.55.

Innodata (NASDAQ:INOD) last issued its earnings results on Thursday, November 6th. The technology company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.14 by $0.10. The company had revenue of $62.55 million for the quarter, compared to the consensus estimate of $59.78 million. Innodata had a net margin of 14.11% and a return on equity of 41.67%. Innodata’s revenue was up 19.8% on a year-over-year basis. Analysts expect that Innodata Inc. will post 0.81 earnings per share for the current year.

Innodata Profile

Innodata Inc (NASDAQ: INOD) is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata’s platform enables clients to convert unstructured text, images and multimedia into high‐quality, machine‐readable formats that support search, analytics and AI model training.

The firm’s offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.