On November 13, 2024, Nauman Toor, a Director at Innodata Inc (INOD, Financial), executed a sale of 40,000 shares of the company, according to the SEC Filing. Following this transaction, the insider now owns 679,401 shares of the company. The shares were sold at a price of $46.04, totaling $1,841,600.
Innodata Inc (INOD, Financial) is a company that specializes in digital data management and provides services to various industries to enhance their digital operations. The company's offerings include data collection, machine learning algorithms for data processing, and digital transformation services.
Over the past year, the insider transaction history at Innodata Inc (INOD, Financial) reveals a pattern of more sales than purchases among insiders. Specifically, there have been zero insider buys and three insider sells during this period.
The recent transaction by Director Nauman Toor marks a continuation of this trend. Over the last year, Nauman Toor has sold a total of 40,000 shares and has not purchased any shares.
On the valuation front, Innodata Inc (INOD, Financial) has a market cap of approximately $1.136 billion as of the latest trading price. The stock's price-earnings ratio stands at 435.11, significantly higher than both the industry median and the company’s historical median.
According to the GF Value, the intrinsic value estimate for Innodata Inc is $13.78 per share, making the current price-to-GF-Value ratio 3.34. This suggests that the stock is significantly overvalued.
This sale by a key insider might be of interest to current and potential investors, as insider transactions can provide insights into how the company's top executives view the stock's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
