
Innodata (NASDAQ:INOD) Shares Down 9% - Here's Why

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Innodata Inc. (NASDAQ:INOD) shares fell 9% to $41.30 on Monday, with trading volume down 55% from average levels. Analysts have mixed ratings, with Wedbush setting a target of $48.00 and Chardan Capital at $45.00. Insider selling has been notable, with CFO Marissa B. Espineli selling 38,333 shares. Institutional ownership stands at 30.75%, with hedge funds increasing their stakes significantly. The company operates in data engineering and AI services, with a market cap of $1.24 billion and a P/E ratio of 72.68.
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