Squarepoint Ops LLC Purchases New Position in Innodata Inc. (NASDAQ:INOD)

Squarepoint Ops LLC purchased a new stake in Innodata Inc. (NASDAQ:INOD) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 25,671 shares of the technology company’s stock, valued at approximately $381,000. Squarepoint Ops LLC owned approximately 0.09% of Innodata as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Janus Henderson Group PLC acquired a new stake in shares of Innodata in the first quarter valued at $8,142,000. GSA Capital Partners LLP grew its stake in shares of Innodata by 128.5% during the first quarter. GSA Capital Partners LLP now owns 137,664 shares of the technology company’s stock valued at $909,000 after purchasing an additional 77,410 shares during the last quarter. Rathbones Group PLC bought a new position in Innodata in the 2nd quarter worth approximately $916,000. Marshall Wace LLP lifted its holdings in Innodata by 83.9% during the 2nd quarter. Marshall Wace LLP now owns 85,395 shares of the technology company’s stock worth $1,266,000 after buying an additional 38,954 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Innodata by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 1,460,430 shares of the technology company’s stock valued at $9,639,000 after buying an additional 28,173 shares during the period. 30.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on INOD. Maxim Group began coverage on Innodata in a research report on Monday, July 15th. They issued a “buy” rating and a $30.00 price objective for the company. Craig Hallum assumed coverage on Innodata in a research note on Tuesday, September 17th. They issued a “buy” rating and a $23.00 price target on the stock. StockNews.com upgraded Innodata to a “sell” rating in a report on Friday, September 27th. Finally, BWS Financial raised their target price on Innodata from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat, Innodata currently has a consensus rating of “Moderate Buy” and an average price target of $27.67.

Innodata Price Performance

INOD opened at $15.48 on Friday. The company has a fifty day simple moving average of $16.24 and a 200 day simple moving average of $13.52. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. The stock has a market cap of $445.10 million, a P/E ratio of 258.00 and a beta of 2.31. Innodata Inc. has a 12 month low of $5.46 and a 12 month high of $21.58.

Innodata Profile

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.