Insider Selling: Innodata (NASDAQ:INOD) CEO Sells $8,613,807.40 in Stock

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 94,460 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $91.19, for a total value of $8,613,807.40. Following the transaction, the chief executive officer directly owned 1,340,456 shares in the company, valued at approximately $122,236,182.64. This represents a 6.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Jack Abuhoff also recently made the following trade(s):

• On Thursday, May 14th, Jack Abuhoff sold 76,991 shares of Innodata stock. The stock was sold at an average price of $95.58, for a total value of $7,358,799.78.
• On Tuesday, May 12th, Jack Abuhoff sold 71,699 shares of Innodata stock. The stock was sold at an average price of $95.60, for a total value of $6,854,424.40.

Innodata Trading Up 6.6%

NASDAQ:INOD opened at $96.10 on Friday. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $48.45 and its two-hundred day moving average is $53.27. Innodata Inc. has a 52 week low of $33.77 and a 52 week high of $114.77. The company has a market cap of $3.14 billion, a PE ratio of 86.58 and a beta of 2.40.

Innodata (NASDAQ:INOD) last released its earnings results on Thursday, May 7th. The technology company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.34. The company had revenue of $90.10 million for the quarter, compared to the consensus estimate of $76.47 million. Innodata had a return on equity of 37.49% and a net margin of 13.86%.Innodata’s quarterly revenue was up 54.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. On average, analysts predict that Innodata Inc. will post 0.99 EPS for the current year.

Trending Headlines about Innodata

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Wedbush raised its price target on Innodata to $100 from $80 and reiterated an Outperform rating, reinforcing the bullish view after the company’s strong earnings beat. Article Title
• Positive Sentiment: Recent coverage continues to highlight Innodata’s first-quarter revenue growth of 54% and better-than-expected profit, supporting the stock’s momentum after earnings. Article Title
• Positive Sentiment: Some commentary says the company’s strong earnings may even be conservative, which keeps the growth narrative alive for AI/data-services investors. Article Title
• Negative Sentiment: CEO Jack Abuhoff sold large blocks of stock in multiple transactions, including a recent sale worth about $22.8 million, which may raise concerns that insiders are locking in gains after the sharp rally. Article Title
• Negative Sentiment: Other insider sales, including moves by Director Stewart Massey, Director Louise C. Forlenza, and COO Ashok Mishra, add to the perception that management may be taking profits after the stock’s big post-earnings run. Article Title
• Neutral Sentiment: The stock is also being discussed as a momentum/AI beneficiary, but with a rich valuation, some investors are weighing whether gains can continue without another strong catalyst. Article Title

Wall Street Analyst Weigh In

INOD has been the topic of several recent research reports. BWS Financial reissued a “top pick” rating and issued a $110.00 price target on shares of Innodata in a report on Friday, April 10th. Wall Street Zen raised Innodata from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Wedbush raised their price target on Innodata from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Innodata in a report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $105.00.

Institutional Trading of Innodata

Several hedge funds have recently added to or reduced their stakes in INOD. Northwestern Mutual Wealth Management Co. bought a new stake in Innodata during the 4th quarter valued at $26,000. Farther Finance Advisors LLC raised its stake in Innodata by 506.0% during the 4th quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock valued at $41,000 after acquiring an additional 673 shares in the last quarter. Fifth Third Bancorp bought a new stake in Innodata during the 1st quarter valued at $45,000. Global Retirement Partners LLC bought a new stake in Innodata during the 3rd quarter valued at $50,000. Finally, IFP Advisors Inc raised its stake in Innodata by 1,567.5% during the 3rd quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock valued at $51,000 after acquiring an additional 627 shares in the last quarter. Institutional investors own 30.75% of the company’s stock.

About Innodata

Innodata Inc (NASDAQ: INOD) is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata’s platform enables clients to convert unstructured text, images and multimedia into high?quality, machine?readable formats that support search, analytics and AI model training.

The firm’s offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.