Insider Selling: Innodata (NASDAQ:INOD) COO Sells $21,897,525.15 in Stock

Innodata Inc. (NASDAQ:INOD) COO Ashok Mishra sold 242,901 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $90.15, for a total transaction of $21,897,525.15. Following the completion of the sale, the chief operating officer owned 95,179 shares in the company, valued at $8,580,386.85. This represents a 71.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Innodata Price Performance

NASDAQ:INOD opened at $96.10 on Friday. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 86.58 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. The company’s 50-day moving average is $48.45 and its two-hundred day moving average is $53.27. Innodata Inc. has a 12-month low of $33.77 and a 12-month high of $114.77.

Innodata (NASDAQ:INOD) last released its earnings results 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 company had revenue of $90.10 million for 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 quarterly revenue was up 54.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. Research analysts expect that Innodata Inc. will post 0.99 EPS for the current year.

Hedge Funds Weigh In On Innodata

Large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new position in Innodata during the fourth quarter worth $26,000. Farther Finance Advisors LLC lifted its stake in Innodata by 506.0% during the fourth quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock worth $41,000 after purchasing an additional 673 shares during the last quarter. Fifth Third Bancorp bought a new position in Innodata during the first quarter worth $45,000. Global Retirement Partners LLC bought a new position in Innodata during the third quarter worth $50,000. Finally, IFP Advisors Inc lifted its stake in Innodata by 1,567.5% during the third quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock worth $51,000 after purchasing an additional 627 shares during the last quarter. 30.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

More Innodata News

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Wedbush raised its price target on Innodata to $100 from $80 and reiterated an Outperform rating, reinforcing the bullish view after the company’s strong earnings beat. Article Title
• Positive Sentiment: Recent coverage continues to highlight Innodata’s first-quarter revenue growth of 54% and better-than-expected profit, supporting the stock’s momentum after earnings. Article Title
• Positive Sentiment: Some commentary says the company’s strong earnings may even be conservative, which keeps the growth narrative alive for AI/data-services investors. Article Title
• Negative Sentiment: CEO Jack Abuhoff sold large blocks of stock in multiple transactions, including a recent sale worth about $22.8 million, which may raise concerns that insiders are locking in gains after the sharp rally. Article Title
• Negative Sentiment: Other insider sales, including moves by Director Stewart Massey, Director Louise C. Forlenza, and COO Ashok Mishra, add to the perception that management may be taking profits after the stock’s big post-earnings run. Article Title
• Neutral Sentiment: The stock is also being discussed as a momentum/AI beneficiary, but with a rich valuation, some investors are weighing whether gains can continue without another strong catalyst. Article Title

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.