Traders Purchase High Volume of Innodata Put Options (NASDAQ:INOD)

Innodata Inc. (NASDAQ:INOD) saw unusually large options trading activity on Tuesday. Traders bought 9,287 put options on the stock. This is an increase of 152% compared to the average daily volume of 3,691 put options.

Insider Buying and Selling at Innodata

In other news, Director Louise C. Forlenza sold 30,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $88.86, for a total transaction of $2,665,800.00. Following the completion of the sale, the director directly owned 3,943 shares of the company’s stock, valued at approximately $350,374.98. The trade was a 88.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Ashok Mishra sold 242,901 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $90.15, for a total transaction of $21,897,525.15. Following the sale, the chief operating officer directly owned 95,179 shares of the company’s stock, valued at $8,580,386.85. This represents a 71.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 11.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Innodata

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

Analyst Upgrades and Downgrades

INOD has been the subject of several recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Innodata in a report on Friday, April 10th. Wall Street Zen upgraded Innodata from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Wedbush lifted their price objective on Innodata from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday. Finally, BWS Financial restated a “top pick” rating and issued a $110.00 price objective on shares of Innodata in a report on Friday, April 10th. One equities research 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 stock. According to MarketBeat, Innodata presently has an average rating of “Moderate Buy” and an average target price of $105.00.

Innodata News Summary

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Recent coverage says Innodata’s first-quarter results triggered a major momentum surge, with the company’s strong revenue and earnings beat reinforcing its AI/data-services growth story. Benzinga article
• Positive Sentiment: Analyst commentary has highlighted Innodata as an AI infrastructure and data-center play, which may be supporting investor optimism after its recent run-up. Yahoo Finance article
• Positive Sentiment: The company’s Q1 earnings call was described as “blowout,” suggesting the results and outlook continued to attract bullish attention. TipRanks article
• Neutral Sentiment: Maxim Group lowered multiple earnings estimates for 2026-2027, which is a valuation headwind, although some revised forecasts still remain above broader consensus levels.
• Negative Sentiment: COO Ashok Mishra sold 242,901 shares and Director Louise C. Forlenza sold 30,000 shares, a combined insider disposition of more than $24 million that may pressure sentiment.
• Negative Sentiment: Unusual put-option buying suggests some traders are hedging against downside after the stock’s sharp advance. American Banking News article

Innodata Stock Up 7.4%

Shares of INOD traded up $6.67 during mid-day trading on Thursday, hitting $96.62. 1,088,002 shares of the company traded hands, compared to its average volume of 1,539,202. Innodata has a 1-year low of $33.44 and a 1-year high of $114.77. 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 company has a market capitalization of $3.15 billion, a PE ratio of 87.09 and a beta of 2.40. The business has a 50 day moving average of $46.49 and a 200 day moving average of $52.87.

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

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.