Insider Selling: Innodata (NASDAQ:INOD) Director Sells $960,000.00 in Stock

Innodata Inc. (NASDAQ:INOD) Director Stewart Massey sold 10,000 shares of Innodata stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $96.00, for a total value of $960,000.00. Following the transaction, the director owned 11,000 shares of the company’s stock, valued at $1,056,000. This represents a 47.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Innodata Stock Performance

Shares of NASDAQ INOD opened at $94.71 on Thursday. The stock has a 50 day moving average of $51.30 and a 200-day moving average of $53.43. The company has a market capitalization of $3.09 billion, a P/E ratio of 85.32 and a beta of 2.40. Innodata Inc. has a 12 month low of $33.77 and a 12 month high of $114.77. 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 released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.34. The business 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 firm’s quarterly revenue was up 54.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 EPS. As a group, equities research analysts predict that Innodata Inc. will post 0.99 EPS for the current year.

Wall Street Analyst Weigh In

INOD has been the subject of several recent research reports. Weiss Ratings downgraded 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 price target on shares of Innodata in a research note on Friday, April 10th. Wall Street Zen upgraded Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Wedbush boosted their price target on Innodata from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.00.

Hedge Funds Weigh In On Innodata

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Innodata by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,840,491 shares of the technology company’s stock worth $141,847,000 after buying an additional 15,036 shares in the last quarter. Geode Capital Management LLC grew its position in Innodata by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 752,795 shares of the technology company’s stock worth $38,362,000 after acquiring an additional 2,407 shares during the last quarter. State Street Corp grew its position in Innodata by 2.8% during the 4th quarter. State Street Corp now owns 711,180 shares of the technology company’s stock worth $36,235,000 after acquiring an additional 19,484 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Innodata by 32.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 583,239 shares of the technology company’s stock worth $22,517,000 after acquiring an additional 142,192 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Innodata by 8.1% during the 4th quarter. Wellington Management Group LLP now owns 571,987 shares of the technology company’s stock worth $29,143,000 after acquiring an additional 42,847 shares during the last quarter. Institutional investors and hedge funds own 30.75% of the company’s stock.

Key Innodata News

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.

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.