Insider Selling: Innodata (NASDAQ:INOD) CEO Sells $3,820,441.84 in Stock

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 38,056 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $100.39, for a total value of $3,820,441.84. Following the transaction, the chief executive officer owned 1,340,456 shares in the company, valued at $134,568,377.84. This trade represents a 2.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $93.46, for a total value 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 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 Trading Up 11.6%

Shares of INOD stock opened at $99.35 on Friday. The stock’s fifty day moving average is $57.50 and its two-hundred day moving average is $54.62. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.49 and a current ratio of 2.49. The firm has a market capitalization of $3.24 billion, a P/E ratio of 89.50 and a beta of 2.40. Innodata Inc. has a fifty-two week low of $34.23 and a fifty-two week high of $114.77.

Innodata (NASDAQ:INOD) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.34. The company had revenue of $90.10 million for the quarter, compared to analyst estimates 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 quarter last year, the firm posted $0.22 EPS. Research analysts expect that Innodata Inc. will post 0.99 earnings per share for the current fiscal year.

Institutional Trading of Innodata

A number of hedge funds and other institutional investors have recently modified their holdings of INOD. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Innodata in the 4th quarter worth $26,000. Farther Finance Advisors LLC increased its stake in shares of Innodata by 506.0% in the 4th quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock worth $41,000 after acquiring an additional 673 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Innodata in the 1st quarter worth $45,000. IFP Advisors Inc increased its stake in shares of Innodata by 1,567.5% in the 3rd quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock worth $51,000 after acquiring an additional 627 shares during the last quarter. Finally, Leonteq Securities AG acquired a new stake in shares of Innodata in the 4th quarter worth $51,000. 30.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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