Innodata (NASDAQ:INOD) CEO Jack Abuhoff Sells 94,460 Shares of Stock

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 94,460 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $91.19, for a total transaction of $8,613,807.40. Following the transaction, the chief executive officer owned 1,340,456 shares of the company’s stock, valued at approximately $122,236,182.64. This trade represents a 6.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 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.

Innodata Stock Up 0.2%

INOD stock opened at $90.15 on Friday. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 81.22 and a beta of 2.40. 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 Inc. has a 12 month low of $33.44 and a 12 month high of $114.77. The firm has a 50-day moving average of $47.42 and a two-hundred day moving average of $52.97.

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

Innodata News Summary

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Wedbush raised its price target on Innodata to $100 from $80 and kept an outperform rating, reinforcing the bullish case after the company’s strong Q1 results. Article Title
• Positive Sentiment: Recent coverage continues to highlight Innodata’s blowout Q1 earnings and momentum-driven rally, with investors treating the company as an AI data and infrastructure beneficiary. Article Title
• Neutral Sentiment: Another article said Innodata’s recent earnings may actually be conservative, which supports the growth narrative but does not add a fresh catalyst. Article Title
• Neutral Sentiment: Maxim Group cut several forward EPS estimates, which points to some skepticism on future profitability even though the stock’s recent earnings momentum remains strong.
• Negative Sentiment: CEO Jack Abuhoff sold large blocks of shares in multiple transactions, adding to concerns that insiders may be taking profits after the stock’s big run.
• Negative Sentiment: Director Louise C. Forlenza and COO Ashok Mishra also sold significant stakes, with combined insider sales topping $24 million, which may weigh on sentiment despite the company’s strong operating performance.
• Negative Sentiment: Additional insider-sale and bearish-trading headlines suggest some market participants are hedging against downside following the sharp post-earnings move.

Hedge Funds Weigh In On Innodata

A number of hedge funds have recently made changes to their positions in INOD. AQR Capital Management LLC boosted its position in shares of Innodata by 446.4% during the 1st quarter. AQR Capital Management LLC now owns 90,968 shares of the technology company’s stock worth $3,266,000 after purchasing an additional 74,320 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Innodata by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,085 shares of the technology company’s stock worth $577,000 after purchasing an additional 711 shares during the period. Millennium Management LLC boosted its position in shares of Innodata by 30.7% during the 1st quarter. Millennium Management LLC now owns 142,608 shares of the technology company’s stock worth $5,120,000 after purchasing an additional 33,473 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Innodata by 16.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,375 shares of the technology company’s stock worth $1,044,000 after purchasing an additional 2,816 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Innodata by 1,527.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,422 shares of the technology company’s stock worth $483,000 after purchasing an additional 8,843 shares during the period. Hedge funds and other institutional investors own 30.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Innodata in a report on Friday, April 10th. BWS Financial reiterated a “top pick” rating and issued a $110.00 price objective on shares of Innodata in a report on Friday, April 10th. Wedbush increased their price objective on shares of Innodata from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. One investment 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $105.00.

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.