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

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

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

• 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 transaction 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 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 Price Performance

Shares of Innodata stock traded down $1.38 during trading on Monday, hitting $94.72. 2,106,733 shares of the company’s stock traded hands, compared to its average volume of 1,572,331. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 2.49. The firm’s fifty day moving average price is $48.45 and its 200 day moving average price is $53.09. Innodata Inc. has a twelve month low of $33.77 and a twelve month high of $114.77. The company has a market cap of $3.09 billion, a PE ratio of 85.33 and a beta of 2.40.

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

Hedge Funds Weigh In On Innodata

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INOD. Northwestern Mutual Wealth Management Co. acquired a new position in Innodata in the fourth quarter valued at about $26,000. Farther Finance Advisors LLC boosted its position in Innodata by 506.0% in the fourth quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock valued at $41,000 after buying an additional 673 shares in the last quarter. Fifth Third Bancorp acquired a new position in Innodata in the first quarter valued at about $45,000. IFP Advisors Inc raised its stake in shares of Innodata by 1,567.5% in the third quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock worth $51,000 after acquiring an additional 627 shares during the last quarter. Finally, Leonteq Securities AG bought a new position in shares of Innodata in the fourth quarter worth about $51,000. 30.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.