Jack Abuhoff Sells 150,000 Shares of Innodata (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 150,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $93.46, for a total transaction of $14,019,000.00. Following the transaction, the chief executive officer owned 1,340,456 shares of the company’s stock, valued at approximately $125,279,017.76. This represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, May 19th, Jack Abuhoff sold 2,800 shares of Innodata stock. The stock was 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 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 transaction 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 transaction of $6,854,424.40.
• On Wednesday, May 13th, Jack Abuhoff sold 94,460 shares of Innodata stock. The stock was sold at an average price of $91.19, for a total transaction of $8,613,807.40.

Innodata Trading Up 4.0%

Innodata stock opened at $98.53 on Friday. The firm has a 50-day moving average of $52.39 and a 200-day moving average of $53.60. Innodata Inc. has a one year low of $33.77 and a one 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 company has a market cap of $3.22 billion, a price-to-earnings ratio of 88.77 and a beta of 2.40.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wedbush raised their target price 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. Wall Street Zen raised Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. BWS Financial restated a “top pick” rating and issued a $110.00 price objective on shares of Innodata in a research note on Friday, April 10th. 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 given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Innodata presently has an average rating of “Moderate Buy” and an average target price of $105.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of INOD. HRT Financial LP boosted its position in shares of Innodata by 746.1% in the second quarter. HRT Financial LP now owns 218,635 shares of the technology company’s stock valued at $11,198,000 after acquiring an additional 192,794 shares during the period. Next Century Growth Investors LLC boosted its position 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 bought a new stake in shares of Innodata in the second quarter valued at about $7,825,000. Dimensional Fund Advisors LP boosted its position in shares of Innodata by 32.2% in the first quarter. Dimensional Fund Advisors LP now owns 583,239 shares of the technology company’s stock valued at $22,517,000 after acquiring an additional 142,192 shares during the period. Finally, RFG Advisory LLC bought a new stake in shares of Innodata in the fourth quarter valued at about $5,750,000. 30.75% of the stock is owned by institutional investors.

Key Stories Impacting Innodata

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Innodata’s latest earnings beat was strong, with EPS of $0.42 versus $0.08 expected and revenue of $90.1 million versus $76.47 million estimated. Revenue also rose 54.5% year over year, reinforcing confidence in the company’s AI-related growth.
• Positive Sentiment: Wedbush raised its price target on Innodata to $100 from $80 and kept an outperform rating, supporting the case that Wall Street still sees upside after the stock’s big run.
• Positive Sentiment: Recent commentary continues to frame Innodata as a potential beneficiary of accelerating AI spending, with articles comparing it favorably to other AI data names and highlighting possible further upside. Article Title
• Neutral Sentiment: Institutional investors have been adding to positions, which is supportive over time, but it is not a near-term catalyst by itself.
• Negative Sentiment: Recent insider selling has been heavy, including CEO Jack Abuhoff and Director Louise C. Forlenza selling shares. That can create some caution among investors, especially after the stock’s sharp advance.

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.