Insider Selling: Innodata (NASDAQ:INOD) Director Sells $1,384,950.00 in Stock

Innodata Inc. (NASDAQ:INOD) Director Louise Forlenza sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $92.33, for a total transaction of $1,384,950.00. Following the completion of the sale, the director owned 3,943 shares in the company, valued at approximately $364,057.19. This trade represents a 79.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Innodata Stock Performance

Shares of Innodata stock opened at $95.48 on Friday. The firm has a market cap of $3.12 billion, a PE ratio of 86.02 and a beta of 2.40. The firm’s 50-day simple moving average is $53.41 and its 200-day simple moving average is $53.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.49 and a current ratio of 2.49. Innodata Inc. has a 1 year low of $34.23 and a 1 year high of $114.77.

Innodata (NASDAQ:INOD) last issued its earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.34. The business had revenue of $90.10 million for the quarter, compared to analyst estimates of $76.47 million. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The company’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 EPS. Equities analysts forecast that Innodata Inc. will post 0.99 earnings per share for the current fiscal year.

Innodata News Summary

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Innodata’s Q1 results showed strong operating momentum, with adjusted EBITDA up 96% and revenue up 54%, suggesting the AI growth story is translating into better profitability.
• Positive Sentiment: Recent reports highlighted raised AI growth guidance and new big tech contracts, which could support future revenue growth and investor confidence. Article Title
• Positive Sentiment: Wedbush raised its price target on INOD and maintained an outperform rating, signaling continued Wall Street optimism.
• Neutral Sentiment: Commentary continues to frame Innodata as a beneficiary of accelerating AI spending, but this is more of a broader theme than a direct near-term catalyst. Article Title
• Negative Sentiment: Multiple insider sales, including significant disposals by the CEO and a director, may be weighing on sentiment and prompting profit-taking after the stock’s sharp advance.

Institutional Investors Weigh In On Innodata

A number of institutional investors have recently modified their holdings of INOD. HRT Financial LP grew its position in shares of Innodata by 746.1% during the 2nd quarter. HRT Financial LP now owns 218,635 shares of the technology company’s stock valued at $11,198,000 after buying an additional 192,794 shares during the last quarter. Next Century Growth Investors LLC grew its position in shares of Innodata by 107.5% during the 4th quarter. Next Century Growth Investors LLC now owns 365,835 shares of the technology company’s stock valued at $18,639,000 after buying an additional 189,488 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Innodata during the 2nd quarter valued at about $7,825,000. Dimensional Fund Advisors LP grew its position in shares of Innodata by 32.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 583,239 shares of the technology company’s stock valued at $22,517,000 after buying an additional 142,192 shares during the last quarter. Finally, RFG Advisory LLC bought a new stake in shares of Innodata during the 4th quarter valued at about $5,750,000. Institutional investors own 30.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on INOD. Wall Street Zen upgraded shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings lowered shares of Innodata from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. BWS Financial restated a “top pick” rating and issued a $110.00 target price on shares of Innodata in a research note on Friday, April 10th. Finally, Wedbush upped their target price on shares of Innodata from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.00.

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.