Innodata (NASDAQ:INOD) CEO Sells $260,484.00 in Stock

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 2,800 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $93.03, for a total transaction of $260,484.00. Following the transaction, the chief executive officer directly owned 1,340,456 shares in the company, valued at $124,702,621.68. This trade represents a 0.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 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 value 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 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 Price Performance

NASDAQ:INOD traded up $6.52 during trading hours on Wednesday, hitting $94.71. The company’s stock had a trading volume of 1,921,092 shares, compared to its average volume of 2,992,375. The company has a market capitalization of $3.09 billion, a P/E ratio of 85.32 and a beta of 2.40. The stock has a fifty day simple moving average of $51.30 and a 200-day simple moving average of $53.43. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 2.49. Innodata Inc. has a twelve month low of $33.77 and a twelve month high of $114.77.

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

Institutional Inflows and Outflows

Hedge funds and other institutional 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 worth $26,000. IFP Advisors Inc boosted its position in Innodata by 1,567.5% in the third quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock worth $51,000 after purchasing an additional 627 shares during the last quarter. Goodman Advisory Group LLC purchased a new position in Innodata in the third quarter worth $52,000. Hollencrest Capital Management purchased a new position in Innodata in the third quarter worth $60,000. Finally, Bessemer Group Inc. purchased a new position in Innodata in the third quarter worth $62,000. Hedge funds and other institutional investors own 30.75% of the company’s stock.

Analyst Ratings Changes

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