Innodata (NASDAQ:INOD) CEO Jack Abuhoff Sells 200,000 Shares

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 200,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $110.20, for a total value of $22,040,000.00. Following the sale, the chief executive officer directly owned 1,340,456 shares of the company’s stock, valued at $147,718,251.20. This represents a 12.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, June 15th, Jack Abuhoff sold 94,059 shares of Innodata stock. The stock was sold at an average price of $105.70, for a total value of $9,942,036.30.
• On Friday, May 29th, Jack Abuhoff sold 105,586 shares of Innodata stock. The stock was sold at an average price of $103.50, for a total value of $10,928,151.00.
• On Friday, May 22nd, Jack Abuhoff sold 38,056 shares of Innodata stock. The stock was sold at an average price of $100.39, for a total value of $3,820,441.84.
• On Wednesday, May 20th, Jack Abuhoff sold 150,000 shares of Innodata stock. The stock was sold at an average price of $93.46, for a total value of $14,019,000.00.
• On Tuesday, May 19th, Jack Abuhoff sold 2,800 shares of Innodata stock. The stock was sold at an average price of $93.03, for a total value of $260,484.00.
• On Monday, May 18th, Jack Abuhoff sold 150,000 shares of Innodata stock. The stock was sold at an average price of $94.39, for a total value of $14,158,500.00.
• On Friday, May 15th, Jack Abuhoff sold 100,000 shares of Innodata stock. The stock was sold at an average price of $95.78, for a total value of $9,578,000.00.
• 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.
• On Wednesday, May 13th, Jack Abuhoff sold 94,460 shares of Innodata stock. The stock was sold at an average price of $91.19, for a total value of $8,613,807.40.

Innodata Price Performance

Innodata stock opened at $107.42 on Wednesday. The firm has a market capitalization of $3.51 billion, a P/E ratio of 96.77 and a beta of 2.83. Innodata Inc. has a 1 year low of $34.23 and a 1 year high of $125.14. The business has a 50-day moving average of $74.46 and a 200-day moving average of $59.08. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.07.

Innodata (NASDAQ:INOD) last posted its earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.34. The company had revenue of $90.10 million during the quarter, compared to analyst estimates of $76.47 million. Innodata had a return on equity of 37.49% and a net margin of 13.86%.The company’s revenue for the quarter was up 54.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 EPS. On average, equities analysts anticipate that Innodata Inc. will post 1.14 EPS for the current year.

Wall Street Analyst Weigh In

INOD has been the subject of several analyst reports. Wedbush boosted their target price on Innodata from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, June 4th. Wall Street Zen upgraded Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings upgraded Innodata from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Finally, BWS Financial reiterated a “buy” rating on shares of Innodata in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

Institutional Investors Weigh In On Innodata

Several institutional investors have recently bought and sold shares of the company. Rathbones Group PLC lifted its stake in Innodata by 20.8% in the 1st quarter. Rathbones Group PLC now owns 144,247 shares of the technology company’s stock valued at $5,571,000 after acquiring an additional 24,837 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Innodata by 7.7% in the 1st quarter. NewEdge Advisors LLC now owns 14,292 shares of the technology company’s stock valued at $552,000 after acquiring an additional 1,023 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in Innodata by 3.5% in the 1st quarter. Glenmede Trust Co. NA now owns 7,336 shares of the technology company’s stock valued at $283,000 after acquiring an additional 248 shares in the last quarter. Bank of America Corp DE lifted its stake in Innodata by 156.3% in the 1st quarter. Bank of America Corp DE now owns 102,268 shares of the technology company’s stock valued at $3,950,000 after acquiring an additional 62,361 shares in the last quarter. Finally, H&H International Investment LLC bought a new stake in Innodata in the 1st quarter valued at approximately $386,000. Institutional investors own 30.75% of the company’s stock.

Innodata Company Profile

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.