Jack Abuhoff Sells 2,800 Shares of Innodata (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 2,800 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $93.03, for a total transaction of $260,484.00. Following the completion of the sale, the chief executive officer owned 1,340,456 shares of the company’s stock, valued at approximately $124,702,621.68. The trade was a 0.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 transaction of $14,019,000.00.
• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $8,613,807.40.

Innodata Price Performance

INOD opened at $98.53 on Friday. The firm has a market cap of $3.22 billion, a P/E ratio of 88.77 and a beta of 2.40. The firm has a 50-day moving average of $52.39 and a 200 day moving average of $53.60. 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 fifty-two week low of $33.77 and a fifty-two week 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 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 net margin of 13.86% and a return on equity of 37.49%. The firm’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 earned $0.22 earnings per share. On average, research analysts expect that Innodata Inc. will post 0.99 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Innodata

Several institutional investors have recently added to or reduced their stakes in INOD. HRT Financial LP lifted its holdings in Innodata by 746.1% during the second quarter. HRT Financial LP now owns 218,635 shares of the technology company’s stock valued at $11,198,000 after purchasing an additional 192,794 shares during the last quarter. Next Century Growth Investors LLC lifted its holdings in Innodata by 107.5% during the fourth quarter. Next Century Growth Investors LLC now owns 365,835 shares of the technology company’s stock valued at $18,639,000 after purchasing an additional 189,488 shares during the last quarter. First Trust Advisors LP purchased a new stake in Innodata during the second quarter valued at about $7,825,000. Dimensional Fund Advisors LP lifted its holdings in Innodata by 32.2% during the first quarter. Dimensional Fund Advisors LP now owns 583,239 shares of the technology company’s stock valued at $22,517,000 after purchasing an additional 142,192 shares during the last quarter. Finally, RFG Advisory LLC purchased a new stake in Innodata during the fourth quarter valued at about $5,750,000. 30.75% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Innodata

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Innodata’s latest earnings beat was strong, with EPS of $0.42 versus $0.08 expected and revenue of $90.1 million versus $76.47 million estimated. Revenue also rose 54.5% year over year, reinforcing confidence in the company’s AI-related growth.
• Positive Sentiment: Wedbush raised its price target on Innodata to $100 from $80 and kept an outperform rating, supporting the case that Wall Street still sees upside after the stock’s big run.
• Positive Sentiment: Recent commentary continues to frame Innodata as a potential beneficiary of accelerating AI spending, with articles comparing it favorably to other AI data names and highlighting possible further upside. Article Title
• Neutral Sentiment: Institutional investors have been adding to positions, which is supportive over time, but it is not a near-term catalyst by itself.
• Negative Sentiment: Recent insider selling has been heavy, including CEO Jack Abuhoff and Director Louise C. Forlenza selling shares. That can create some caution among investors, especially after the stock’s sharp advance.

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.