Innodata (NASDAQ:INOD) CEO Jack Abuhoff Sells 2,800 Shares of Stock

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 2,800 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $93.03, for a total transaction of $260,484.00. Following the completion of the sale, the chief executive officer owned 1,340,456 shares of the company’s stock, valued at approximately $124,702,621.68. The trade was a 0.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 shares were sold at an average price of $93.46, for a total transaction of $14,019,000.00.
• On Monday, May 18th, Jack Abuhoff sold 150,000 shares of Innodata stock. The shares were 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 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 Performance

Innodata stock opened at $94.71 on Thursday. The firm has a 50 day simple moving average of $51.30 and a 200-day simple moving average of $53.43. Innodata Inc. has a 1-year low of $33.77 and a 1-year high of $114.77. 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 stock has a market cap of $3.09 billion, a price-to-earnings ratio of 85.32 and a beta of 2.40.

Innodata (NASDAQ:INOD) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $76.47 million. During the same quarter in the prior year, the company posted $0.22 EPS. The business’s revenue for the quarter was up 54.5% on a year-over-year basis. On average, analysts expect that Innodata Inc. will post 0.99 EPS for the current year.

Institutional Trading of Innodata

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in Innodata by 156.3% in the 1st quarter. Bank of America Corp DE now owns 102,268 shares of the technology company’s stock valued at $3,950,000 after purchasing an additional 62,361 shares during the last quarter. H&H International Investment LLC acquired a new stake in Innodata in the 1st quarter valued at approximately $386,000. Janus Henderson Group PLC increased its holdings in Innodata by 13.8% in the 1st quarter. Janus Henderson Group PLC now owns 526,012 shares of the technology company’s stock valued at $20,315,000 after purchasing an additional 63,779 shares during the last quarter. California State Teachers Retirement System increased its holdings in Innodata by 36.8% in the 1st quarter. California State Teachers Retirement System now owns 40,611 shares of the technology company’s stock valued at $1,568,000 after purchasing an additional 10,927 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in Innodata by 16.7% in the 1st quarter. Royal Bank of Canada now owns 169,054 shares of the technology company’s stock valued at $6,528,000 after purchasing an additional 24,216 shares during the last quarter. Institutional investors and hedge funds own 30.75% of the company’s stock.

Key Headlines Impacting Innodata

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

Several analysts have recently weighed in on the stock. Wedbush increased their price target on shares of Innodata from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. BWS Financial reissued a “top pick” rating and issued a $110.00 price target on shares of Innodata in a research note on Friday, April 10th. Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Weiss Ratings cut shares of Innodata from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

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.