Insider Selling: Innodata (NASDAQ:INOD) CEO Sells $14,019,000.00 in Stock

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 150,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $93.46, for a total value of $14,019,000.00. Following the transaction, the chief executive officer directly owned 1,340,456 shares in the company, valued at approximately $125,279,017.76. This represents a 10.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 value 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 value 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 value 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 value 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 value 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 value of $8,613,807.40.

Innodata Stock Performance

Innodata stock opened at $95.48 on Friday. The firm has a market capitalization of $3.12 billion, a P/E ratio of 86.02 and a beta of 2.40. The stock has a fifty day moving average price of $53.41 and a 200 day moving average price of $53.89. Innodata Inc. has a 52 week low of $34.23 and a 52 week high of $114.77. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.07.

Innodata (NASDAQ:INOD) last released 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 during the quarter, compared to analyst estimates of $76.47 million. During the same period in the prior year, the firm posted $0.22 earnings per share. The business’s quarterly revenue was up 54.5% compared to the same quarter last year. Equities research analysts anticipate that Innodata Inc. will post 0.99 earnings per share for the current year.

Institutional Investors Weigh In On Innodata

A number of large investors have recently added to or reduced their stakes in INOD. AQR Capital Management LLC boosted its stake in Innodata by 446.4% during the 1st quarter. AQR Capital Management LLC now owns 90,968 shares of the technology company’s stock valued at $3,266,000 after acquiring an additional 74,320 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Innodata by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,085 shares of the technology company’s stock valued at $577,000 after acquiring an additional 711 shares during the last quarter. Millennium Management LLC boosted its stake in Innodata by 30.7% during the 1st quarter. Millennium Management LLC now owns 142,608 shares of the technology company’s stock valued at $5,120,000 after acquiring an additional 33,473 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Innodata by 16.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,375 shares of the technology company’s stock valued at $1,044,000 after acquiring an additional 2,816 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Innodata by 1,527.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,422 shares of the technology company’s stock valued at $483,000 after acquiring an additional 8,843 shares during the last quarter. 30.75% of the stock is owned by institutional investors and hedge funds.

Key Innodata News

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Innodata’s Q1 results showed strong operating momentum, with adjusted EBITDA up 96% and revenue up 54%, suggesting the AI growth story is translating into better profitability.
• Positive Sentiment: Recent reports highlighted raised AI growth guidance and new big tech contracts, which could support future revenue growth and investor confidence. Article Title
• Positive Sentiment: Wedbush raised its price target on INOD and maintained an outperform rating, signaling continued Wall Street optimism.
• Neutral Sentiment: Commentary continues to frame Innodata as a beneficiary of accelerating AI spending, but this is more of a broader theme than a direct near-term catalyst. Article Title
• Negative Sentiment: Multiple insider sales, including significant disposals by the CEO and a director, may be weighing on sentiment and prompting profit-taking after the stock’s sharp advance.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. BWS Financial reaffirmed a “top pick” rating and set a $110.00 price target on shares of Innodata in a research report on Friday, April 10th. Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Wedbush upped their price target on shares of Innodata from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings lowered shares of Innodata from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average 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.