Innodata Target of Unusually High Options Trading (NASDAQ:INOD)

Innodata Inc. (NASDAQ:INOD) was the recipient of some unusual options trading activity on Friday. Stock traders purchased 25,666 put options on the company. This represents an increase of 351% compared to the average daily volume of 5,687 put options.

Insider Activity at Innodata

In other Innodata news, CFO Marissa B. Espineli sold 19,667 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $105.88, for a total transaction of $2,082,341.96. Following the transaction, the chief financial officer owned 28,014 shares of the company’s stock, valued at $2,966,122.32. This trade represents a 41.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jack Abuhoff sold 200,000 shares of Innodata stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $110.20, for a total transaction of $22,040,000.00. Following the completion of the transaction, the chief executive officer owned 1,340,456 shares in the company, valued at approximately $147,718,251.20. This trade represents a 12.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,472,885 shares of company stock valued at $143,998,492 in the last ninety days. 11.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of INOD. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Innodata in the fourth quarter worth about $26,000. Farther Finance Advisors LLC raised its holdings in shares of Innodata by 506.0% during the 4th quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock valued at $41,000 after buying an additional 673 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Innodata during the 1st quarter valued at about $45,000. IFP Advisors Inc lifted its position in Innodata by 1,567.5% during the 3rd quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock worth $51,000 after acquiring an additional 627 shares in the last quarter. Finally, Leonteq Securities AG acquired a new position in Innodata during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 30.75% of the company’s stock.

Innodata Price Performance

INOD opened at $60.81 on Friday. Innodata has a 52-week low of $34.23 and a 52-week high of $125.14. The company has a 50 day moving average of $88.76 and a two-hundred day moving average of $62.43. The company has a market cap of $1.99 billion, a P/E ratio of 54.78 and a beta of 2.89. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.07.

Innodata (NASDAQ:INOD) last issued its earnings results on Thursday, May 7th. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.34. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The business had revenue of $90.10 million for the quarter, compared to the consensus estimate of $76.47 million. During the same quarter last year, the firm posted $0.22 EPS. The business’s revenue for the quarter was up 54.5% compared to the same quarter last year. On average, analysts expect that Innodata will post 1.14 earnings per share for the current year.

Analyst Ratings Changes

INOD has been the topic of several research reports. Weiss Ratings raised Innodata from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. BWS Financial reissued a “buy” rating on shares of Innodata in a research report on Monday, June 15th. Wedbush upped their price target on Innodata from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, June 4th. Zacks Research upgraded Innodata from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen raised Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy” and an average price target of $130.00.

About Innodata

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.