Insider Selling: Innodata (NASDAQ:INOD) CEO Sells $9,578,000.00 in Stock

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 100,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $95.78, for a total value of $9,578,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,340,456 shares of the company’s stock, valued at $128,388,875.68. This trade represents a 6.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 value of $14,019,000.00.
• On Tuesday, May 19th, Jack Abuhoff sold 2,800 shares of Innodata stock. The stock was sold at an average price of $93.03, for a total value of $260,484.00.
• 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 value of $14,158,500.00.
• 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 value 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 value 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 value of $8,613,807.40.

Innodata Stock Performance

Shares of NASDAQ INOD opened at $94.71 on Thursday. The firm has a market cap of $3.09 billion, a P/E ratio of 85.32 and a beta of 2.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.49 and a current ratio of 2.49. The stock has a fifty day moving average price of $51.30 and a two-hundred day moving average price of $53.43. Innodata Inc. has a 1 year low of $33.77 and a 1 year high of $114.77.

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

More Innodata News

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Innodata reported stronger-than-expected first-quarter results, with EPS of $0.42 versus $0.08 expected and revenue of $90.1 million versus $76.47 million estimated. Revenue also jumped 54.5% year over year, reinforcing the company’s growth story and likely helping support the stock.
• Positive Sentiment: Wedbush raised its price target on Innodata to $100 from $80 and kept an outperform rating, while the broader analyst view remains a “Moderate Buy” with a $105 consensus target. That suggests Wall Street remains constructive on the company’s AI/data-engineering growth prospects.
• Positive Sentiment: Recent reporting also highlighted bullish commentary on Innodata’s potential long-term upside, including articles focused on the company’s setup for further gains and growing investor enthusiasm around the name. Article Title
• Neutral Sentiment: Multiple institutional investors have been building positions in INOD, including several large funds that increased holdings materially. That can be a positive long-term signal, but it is not an immediate catalyst by itself.
• Negative Sentiment: CEO Jack Abuhoff sold 150,000 shares at an average price of $93.46, and additional insider sales were disclosed by the CEO and Director Louise C. Forlenza. Heavy insider selling can make investors question how much upside is left after the stock’s sharp run-up.
• Negative Sentiment: Director Stewart Massey also sold 10,000 shares recently. While insider sales do not always signal business weakness, the cluster of transactions may be weighing on sentiment near recent highs.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Innodata

Institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in Innodata during the fourth quarter worth about $26,000. IFP Advisors Inc grew its position 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 buying an additional 627 shares in the last quarter. Goodman Advisory Group LLC acquired a new stake in Innodata during the third quarter worth about $52,000. Hollencrest Capital Management acquired a new stake in Innodata during the third quarter valued at approximately $60,000. Finally, Bessemer Group Inc. acquired a new stake in Innodata during the third quarter valued at approximately $62,000. 30.75% of the stock is owned by institutional investors and hedge funds.

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.