Innodata (NASDAQ:INOD) Director Stewart Massey Sells 10,000 Shares of Stock

Innodata Inc. (NASDAQ:INOD) Director Stewart Massey sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $88.22, for a total value of $882,200.00. Following the transaction, the director owned 29,205 shares in the company, valued at $2,576,465.10. This trade represents a 25.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Innodata Stock Up 0.2%

NASDAQ:INOD opened at $90.15 on Friday. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average is $47.42 and its two-hundred day moving average is $52.97. Innodata Inc. has a 52 week low of $33.44 and a 52 week high of $114.77. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 81.22 and a beta of 2.40.

Innodata (NASDAQ:INOD) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 EPS for the quarter, topping 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 return on equity of 37.49% and a net margin of 13.86%.The firm’s revenue was up 54.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 earnings per share. Research analysts anticipate that Innodata Inc. will post 0.99 EPS for the current year.

Analyst Ratings Changes

INOD has been the topic of several analyst reports. Wall Street Zen upgraded Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Innodata in a research note on Friday, April 10th. Finally, Wedbush increased their price objective on Innodata from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday. One equities research 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 stock. Based on data from MarketBeat.com, Innodata presently has a consensus rating of “Moderate Buy” and an average price target of $105.00.

Innodata News Summary

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Wedbush raised its price target on Innodata to $100 from $80 and kept an outperform rating, reinforcing the bullish case after the company’s strong Q1 results. Article Title
• Positive Sentiment: Recent coverage continues to highlight Innodata’s blowout Q1 earnings and momentum-driven rally, with investors treating the company as an AI data and infrastructure beneficiary. Article Title
• Neutral Sentiment: Another article said Innodata’s recent earnings may actually be conservative, which supports the growth narrative but does not add a fresh catalyst. Article Title
• Neutral Sentiment: Maxim Group cut several forward EPS estimates, which points to some skepticism on future profitability even though the stock’s recent earnings momentum remains strong.
• Negative Sentiment: CEO Jack Abuhoff sold large blocks of shares in multiple transactions, adding to concerns that insiders may be taking profits after the stock’s big run.
• Negative Sentiment: Director Louise C. Forlenza and COO Ashok Mishra also sold significant stakes, with combined insider sales topping $24 million, which may weigh on sentiment despite the company’s strong operating performance.
• Negative Sentiment: Additional insider-sale and bearish-trading headlines suggest some market participants are hedging against downside following the sharp post-earnings move.

Hedge Funds Weigh In On Innodata

Large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new position in Innodata in the fourth quarter valued at $26,000. Global Retirement Partners LLC purchased a new position in Innodata in the third quarter valued at $50,000. IFP Advisors Inc increased its holdings in Innodata by 1,567.5% in the third quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock valued at $51,000 after buying an additional 627 shares during the last quarter. Goodman Advisory Group LLC purchased a new position in Innodata in the third quarter valued at $52,000. Finally, Hollencrest Capital Management purchased a new position in Innodata in the third quarter valued at $60,000. Hedge funds and other institutional investors 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.