Innodata (NASDAQ:INOD) CEO Jack Abuhoff Sells 150,000 Shares

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 150,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $93.46, for a total value of $14,019,000.00. Following the transaction, the chief executive officer directly owned 1,340,456 shares in the company, valued at $125,279,017.76. This trade represents a 10.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, May 19th, Jack Abuhoff sold 2,800 shares of Innodata stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $91.19, for a total value of $8,613,807.40.

Innodata Trading Up 7.4%

NASDAQ:INOD opened at $94.71 on Thursday. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average price is $51.30 and its two-hundred day moving average price is $53.43. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 85.32 and a beta of 2.40. Innodata Inc. has a 1-year low of $33.77 and a 1-year high of $114.77.

Innodata (NASDAQ:INOD) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.34. The firm had revenue of $90.10 million during 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%.The business’s revenue was up 54.5% compared to the same quarter last year. During the same period last year, the company earned $0.22 earnings per share. On average, equities analysts expect that Innodata Inc. will post 0.99 earnings per share for the current year.

Analysts Set New Price Targets

INOD has been the subject of several research analyst reports. Wedbush lifted their target price on Innodata from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Wall Street Zen raised Innodata from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Weiss Ratings cut Innodata from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Finally, BWS Financial reissued a “top pick” rating and set a $110.00 price target on shares of Innodata in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.00.

Institutional Investors Weigh In On Innodata

Several large investors have recently added to or reduced their stakes in INOD. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Innodata in the third quarter valued at approximately $4,876,000. RFG Advisory LLC bought a new position in shares of Innodata in the fourth quarter valued at approximately $5,750,000. WINTON GROUP Ltd bought a new position in shares of Innodata in the third quarter valued at approximately $1,834,000. Penserra Capital Management LLC bought a new position in shares of Innodata in the third quarter valued at approximately $3,877,000. Finally, UBS Group AG lifted its holdings in Innodata by 37.1% during the fourth quarter. UBS Group AG now owns 350,928 shares of the technology company’s stock worth $17,880,000 after acquiring an additional 95,002 shares during the period. Institutional investors and hedge funds own 30.75% of the company’s stock.

Key Headlines Impacting Innodata

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Innodata reported stronger-than-expected first-quarter results, with EPS of $0.42 versus $0.08 expected and revenue of $90.1 million versus $76.47 million estimated. Revenue also jumped 54.5% year over year, reinforcing the company’s growth story and likely helping support the stock.
• Positive Sentiment: Wedbush raised its price target on Innodata to $100 from $80 and kept an outperform rating, while the broader analyst view remains a “Moderate Buy” with a $105 consensus target. That suggests Wall Street remains constructive on the company’s AI/data-engineering growth prospects.
• Positive Sentiment: Recent reporting also highlighted bullish commentary on Innodata’s potential long-term upside, including articles focused on the company’s setup for further gains and growing investor enthusiasm around the name. Article Title
• Neutral Sentiment: Multiple institutional investors have been building positions in INOD, including several large funds that increased holdings materially. That can be a positive long-term signal, but it is not an immediate catalyst by itself.
• Negative Sentiment: CEO Jack Abuhoff sold 150,000 shares at an average price of $93.46, and additional insider sales were disclosed by the CEO and Director Louise C. Forlenza. Heavy insider selling can make investors question how much upside is left after the stock’s sharp run-up.
• Negative Sentiment: Director Stewart Massey also sold 10,000 shares recently. While insider sales do not always signal business weakness, the cluster of transactions may be weighing on sentiment near recent highs.

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.