BlackRock Discloses 9.6% Passive Stake in Innodata Inc.
Ticker: INOD · Form: SC 13G · Filed: Jan 29, 2024 · CIK: 903651
| Field | Detail |
|---|---|
| Company | Innodata Inc (INOD) |
| Form Type | SC 13G |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock owns 9.6% of Innodata, a big vote of confidence!**
AI Summary
BlackRock Inc., a major investment firm, reported on January 29, 2024, that as of December 31, 2023, it holds 2,674,868 shares of Innodata Inc. Common Stock. This represents a 9.6% ownership stake in the company. This filing indicates BlackRock's significant, but passive, investment in Innodata, suggesting confidence in the company's long-term prospects without seeking to control its operations.
Why It Matters
This filing shows a major institutional investor, BlackRock, has a substantial stake in Innodata, which can be seen as a vote of confidence and may influence other investors.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces risk by signaling stability and institutional interest.
Analyst Insight
A smart investor would view BlackRock's significant, passive stake as a positive signal, suggesting institutional confidence in Innodata Inc.'s long-term value, and might consider further research into Innodata's fundamentals.
Key Numbers
- 2,674,868 — Shares Owned (The total number of Innodata Inc. Common Stock shares beneficially owned by BlackRock Inc.)
- 9.6% — Ownership Percentage (The percentage of Innodata Inc.'s Common Stock that BlackRock Inc. beneficially owns, indicating a significant stake.)
Key Players & Entities
- BlackRock Inc. (company) — the investment firm filing the SC 13G
- Innodata Inc. (company) — the subject company whose shares are being reported
- 2,674,868 (dollar_amount) — number of shares of Common Stock beneficially owned by BlackRock Inc.
- 9.6% (dollar_amount) — percentage of Innodata Inc. Common Stock owned by BlackRock Inc.
- December 31, 2023 (person) — the date of the event requiring the filing
Forward-Looking Statements
- BlackRock will maintain its significant, passive stake in Innodata Inc. for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
Who filed this SC 13G statement?
This SC 13G statement was filed by BlackRock Inc., a major investment management corporation.
What company's shares are the subject of this filing?
The shares of Innodata Inc. are the subject of this filing, specifically their Common Stock.
How many shares of Innodata Inc. Common Stock does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 2,674,868 shares of Innodata Inc. Common Stock as reported in this filing.
What percentage of Innodata Inc.'s Common Stock does BlackRock Inc. own?
BlackRock Inc. owns 9.6% of Innodata Inc.'s Common Stock, according to the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 29, 2024 by December 31, 2023 regarding INNODATA INC (INOD).