Insider Selling: Innodata (NASDAQ:INOD) CEO Sells $7,358,799.78 in Stock

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 76,991 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $95.58, for a total transaction of $7,358,799.78. Following the transaction, the chief executive officer directly owned 1,340,456 shares of the company’s stock, valued at $128,120,784.48. This represents a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 Stock Performance

Shares of INOD stock opened at $96.10 on Friday. The stock has a market capitalization of $3.14 billion, a P/E 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 firm’s 50 day moving average is $48.45 and its 200 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 announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $76.47 million. Innodata had a net margin of 13.86% and a return on equity of 37.49%. Innodata’s revenue was up 54.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 EPS. On average, sell-side analysts anticipate that Innodata Inc. will post 0.99 earnings per share for the current year.

Institutional Trading of Innodata

Several institutional investors and hedge funds have recently bought and sold shares of the company. Arizona State Retirement System lifted its stake in Innodata by 2.4% in the 3rd quarter. Arizona State Retirement System now owns 9,386 shares of the technology company’s stock worth $723,000 after purchasing an additional 217 shares in the last quarter. New York State Teachers Retirement System lifted its stake in Innodata by 11.2% in the 3rd quarter. New York State Teachers Retirement System now owns 2,747 shares of the technology company’s stock worth $212,000 after purchasing an additional 277 shares in the last quarter. Prosperity Wealth Management Inc. lifted its stake in Innodata by 4.0% in the 3rd quarter. Prosperity Wealth Management Inc. now owns 10,500 shares of the technology company’s stock worth $809,000 after purchasing an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Innodata by 5.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,703 shares of the technology company’s stock worth $392,000 after purchasing an additional 418 shares in the last quarter. Finally, Texas Yale Capital Corp. lifted its stake in Innodata by 5.5% in the 4th quarter. Texas Yale Capital Corp. now owns 8,440 shares of the technology company’s stock worth $430,000 after purchasing an additional 440 shares in the last quarter. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Innodata

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Wedbush upped their price target on shares of Innodata from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday. BWS Financial restated a “top pick” rating and set a $110.00 price target on shares of Innodata in a research note on Friday, April 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Innodata in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.