Innodata (NASDAQ:INOD) CEO Jack Abuhoff Sells 150,000 Shares

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 150,000 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $94.39, for a total transaction of $14,158,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,340,456 shares of the company’s stock, valued at approximately $126,525,641.84. The trade was a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, May 15th, Jack Abuhoff sold 100,000 shares of Innodata stock. The shares were sold at an average price of $95.78, for a total transaction of $9,578,000.00.
• 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.
• 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 Down 1.4%

NASDAQ:INOD traded down $1.38 on Monday, reaching $94.72. The stock had a trading volume of 2,106,733 shares, compared to its average volume of 1,572,331. 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 has a 50-day moving average of $48.45 and a 200 day moving average of $53.09. The stock has a market cap of $3.09 billion, a P/E ratio of 85.33 and a beta of 2.40. Innodata Inc. has a 12-month low of $33.77 and a 12-month high of $114.77.

Innodata (NASDAQ:INOD) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.42 earnings per share 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 analysts’ expectations of $76.47 million. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The firm’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 EPS. On average, research analysts predict that Innodata Inc. will post 0.99 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on INOD. BWS Financial reaffirmed a “top pick” rating and set a $110.00 price target on shares of Innodata in a research report on Friday, April 10th. Wedbush increased their price target on shares of Innodata from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Innodata in a research report on Friday, April 10th. Finally, Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. One 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, Innodata presently has an average rating of “Moderate Buy” and an average target price of $105.00.

Institutional Investors Weigh In On Innodata

Several institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in Innodata by 16.7% during the first quarter. Royal Bank of Canada now owns 169,054 shares of the technology company’s stock worth $6,528,000 after acquiring an additional 24,216 shares during the period. Quantinno Capital Management LP raised its stake in Innodata by 90.5% during the first quarter. Quantinno Capital Management LP now owns 9,976 shares of the technology company’s stock worth $385,000 after acquiring an additional 4,740 shares during the period. Themes Management Co LLC acquired a new stake in Innodata during the first quarter worth about $209,000. Keebeck Wealth Management raised its stake in Innodata by 5.4% during the first quarter. Keebeck Wealth Management now owns 11,035 shares of the technology company’s stock worth $426,000 after acquiring an additional 564 shares during the period. Finally, Sei Investments Co. raised its stake in Innodata by 36.4% during the first quarter. Sei Investments Co. now owns 8,492 shares of the technology company’s stock worth $328,000 after acquiring an additional 2,264 shares during the period. Institutional investors and hedge funds own 30.75% of the company’s stock.

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.