Jack Abuhoff Sells 38,056 Shares of Innodata (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 38,056 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $100.39, for a total transaction of $3,820,441.84. Following the completion of the transaction, the chief executive officer directly owned 1,340,456 shares in the company, valued at approximately $134,568,377.84. The trade was a 2.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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 transaction 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 transaction 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 transaction of $14,158,500.00.
• On Friday, May 15th, Jack Abuhoff sold 100,000 shares of Innodata stock. The stock was 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 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 stock was 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 stock was sold at an average price of $91.19, for a total transaction of $8,613,807.40.

Innodata Trading Down 7.2%

Innodata stock opened at $89.00 on Thursday. The stock has a market cap of $2.91 billion, a P/E ratio of 80.18 and a beta of 2.40. Innodata Inc. has a fifty-two week low of $34.23 and a fifty-two week high of $114.77. The firm’s fifty day moving average price is $56.43 and its 200-day moving average price is $54.38. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.49 and a current ratio of 2.49.

Innodata (NASDAQ:INOD) last released its 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 business had revenue of $90.10 million for the quarter, compared to analysts’ expectations of $76.47 million. Innodata had a return on equity of 37.49% and a net margin of 13.86%.The firm’s revenue was up 54.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 earnings per share. Equities research analysts forecast that Innodata Inc. will post 0.99 earnings per share for the current fiscal year.

Institutional Trading of Innodata

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Innodata by 0.8% during the third quarter. Vanguard Group Inc. now owns 1,840,491 shares of the technology company’s stock valued at $141,847,000 after buying an additional 15,036 shares during the period. Geode Capital Management LLC boosted its position in Innodata by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 752,795 shares of the technology company’s stock valued at $38,362,000 after buying an additional 2,407 shares during the period. State Street Corp boosted its position in Innodata by 2.8% during the fourth quarter. State Street Corp now owns 711,180 shares of the technology company’s stock valued at $36,235,000 after buying an additional 19,484 shares during the period. Dimensional Fund Advisors LP boosted its position in Innodata by 32.2% during the first quarter. Dimensional Fund Advisors LP now owns 583,239 shares of the technology company’s stock valued at $22,517,000 after buying an additional 142,192 shares during the period. Finally, Wellington Management Group LLP boosted its position in Innodata by 8.1% during the fourth quarter. Wellington Management Group LLP now owns 571,987 shares of the technology company’s stock valued at $29,143,000 after buying an additional 42,847 shares during the period. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on INOD shares. BWS Financial reissued a “top pick” rating and issued a $110.00 target price on shares of Innodata in a research note on Friday, April 10th. Weiss Ratings cut Innodata from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Wall Street Zen raised Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Wedbush increased their target price on Innodata from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, 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.