GSA Capital Partners LLP Sells 45,103 Shares of Innodata Inc. (NASDAQ:INOD)

GSA Capital Partners LLP lessened its stake in Innodata Inc. (NASDAQ:INOD) by 80.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,119 shares of the technology company’s stock after selling 45,103 shares during the period. GSA Capital Partners LLP’s holdings in Innodata were worth $186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of INOD. Los Angeles Capital Management LLC purchased a new stake in shares of Innodata during the 3rd quarter valued at $330,000. Principal Financial Group Inc. purchased a new stake in shares of Innodata during the third quarter worth about $311,000. Private Advisor Group LLC increased its holdings in shares of Innodata by 17.4% during the third quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company’s stock valued at $250,000 after acquiring an additional 2,207 shares in the last quarter. Compass Ion Advisors LLC raised its position in shares of Innodata by 5.6% in the 3rd quarter. Compass Ion Advisors LLC now owns 37,674 shares of the technology company’s stock valued at $632,000 after purchasing an additional 2,011 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C boosted its stake in Innodata by 309.5% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 111,814 shares of the technology company’s stock worth $1,658,000 after purchasing an additional 84,509 shares in the last quarter. 30.75% of the stock is currently owned by institutional investors.

Innodata Price Performance

INOD stock opened at $44.77 on Monday. Innodata Inc. has a 52-week low of $5.46 and a 52-week high of $49.72. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 75.88 and a beta of 2.30. The business has a fifty day moving average of $23.23 and a two-hundred day moving average of $18.29.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on INOD shares. BWS Financial increased their price objective on Innodata from $30.00 to $45.00 and gave the company a “buy” rating in a report on Friday, November 8th. StockNews.com raised shares of Innodata from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Finally, Craig Hallum started coverage on Innodata in a research note on Tuesday, September 17th. They set a “buy” rating and a $23.00 price objective for the company. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.67.

Insider Activity at Innodata

In other news, CFO Marissa B. Espineli sold 38,333 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $47.17, for a total value of $1,808,167.61. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Stewart R. Massey sold 50,000 shares of Innodata stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $40.55, for a total transaction of $2,027,500.00. Following the completion of the sale, the director now owns 25,262 shares of the company’s stock, valued at $1,024,374.10. This trade represents a 66.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 475,277 shares of company stock worth $21,535,466. Company insiders own 15.23% of the company’s stock.

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.