Innodata (NASDAQ:INOD) CEO Sells $10,928,151.00 in Stock

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 105,586 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $103.50, for a total value of $10,928,151.00. Following the completion of the sale, the chief executive officer directly owned 1,340,456 shares in the company, valued at $138,737,196. This represents a 7.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, May 22nd, Jack Abuhoff sold 38,056 shares of Innodata stock. The stock was sold at an average price of $100.39, for a total value of $3,820,441.84.
• 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 shares were 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 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 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 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

Innodata stock opened at $108.27 on Thursday. 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 fifty day simple moving average of $62.81 and a 200-day simple moving average of $55.98. The stock has a market cap of $3.54 billion, a P/E ratio of 97.54 and a beta of 2.83. Innodata Inc. has a 12-month low of $34.23 and a 12-month high of $118.45.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on INOD. Wall Street Zen raised Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings lowered shares of Innodata from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Wedbush raised their price objective on shares of Innodata from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Finally, BWS Financial restated a “top pick” rating and set a $110.00 price objective on shares of Innodata in a research report on Friday, April 10th. One 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $105.00.

Institutional Trading of Innodata

Several institutional investors and hedge funds have recently made changes to their positions in the company. HRT Financial LP increased its position in Innodata by 746.1% during the second quarter. HRT Financial LP now owns 218,635 shares of the technology company’s stock worth $11,198,000 after buying an additional 192,794 shares during the period. Next Century Growth Investors LLC boosted its holdings in shares of Innodata by 107.5% in the fourth quarter. Next Century Growth Investors LLC now owns 365,835 shares of the technology company’s stock valued at $18,639,000 after acquiring an additional 189,488 shares during the period. First Trust Advisors LP purchased a new position in shares of Innodata during the second quarter worth approximately $7,825,000. Dimensional Fund Advisors LP grew its position in shares of Innodata by 32.2% during the first quarter. Dimensional Fund Advisors LP now owns 583,239 shares of the technology company’s stock worth $22,517,000 after acquiring an additional 142,192 shares during the last quarter. Finally, RFG Advisory LLC acquired a new position in shares of Innodata in the 4th quarter valued at $5,750,000. 30.75% of the stock is owned by hedge funds and other institutional investors.

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.