Louise Forlenza Sells 5,000 Shares of Innodata (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) Director Louise Forlenza sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $86.10, for a total value of $430,500.00. Following the completion of the transaction, the director owned 3,943 shares of the company’s stock, valued at $339,492.30. This trade represents a 55.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Innodata Stock Up 4.0%

Shares of NASDAQ:INOD opened at $98.53 on Friday. The company has a market capitalization of $3.22 billion, a PE ratio of 88.77 and a beta of 2.40. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 2.49. The business has a fifty day moving average price of $52.39 and a two-hundred day moving average price of $53.60. Innodata Inc. has a 1 year low of $33.77 and a 1 year high of $114.77.

Innodata (NASDAQ:INOD) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) 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 for the quarter was up 54.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. Analysts forecast that Innodata Inc. will post 0.99 earnings per share for the current year.

Innodata News Summary

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.

Analyst Ratings Changes

INOD has been the subject of a number of recent analyst reports. Wedbush upped their price objective on Innodata from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. BWS Financial restated a “top pick” rating and issued a $110.00 price objective 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, Weiss Ratings downgraded Innodata from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in INOD. Northwestern Mutual Wealth Management Co. bought a new position in shares of Innodata during the 4th quarter worth $26,000. Farther Finance Advisors LLC grew its stake in shares of Innodata by 506.0% during the 4th quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock worth $41,000 after acquiring an additional 673 shares during the period. Fifth Third Bancorp bought a new position in shares of Innodata during the 1st quarter worth $45,000. IFP Advisors Inc grew its stake in shares of Innodata by 1,567.5% during the 3rd quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock worth $51,000 after acquiring an additional 627 shares during the period. Finally, Leonteq Securities AG bought a new position in shares of Innodata during the 4th quarter worth $51,000. 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.