Louise Forlenza Sells 15,000 Shares of Innodata (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) Director Louise Forlenza sold 15,000 shares of Innodata stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $92.33, for a total transaction of $1,384,950.00. Following the sale, the director directly owned 3,943 shares in the company, valued at approximately $364,057.19. This trade represents a 79.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Innodata Price Performance

Shares of NASDAQ INOD opened at $98.53 on Friday. The firm has a 50-day simple moving average of $52.39 and a 200-day simple moving average of $53.60. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 88.77 and a beta of 2.40. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.07. Innodata Inc. has a 52 week low of $33.77 and a 52 week high of $114.77.

Innodata (NASDAQ:INOD) last posted its quarterly 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 firm had revenue of $90.10 million for the quarter, compared to analyst estimates of $76.47 million. Innodata had a net margin of 13.86% and a return on equity of 37.49%. Innodata’s quarterly revenue was up 54.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 earnings per share. On average, equities analysts predict that Innodata Inc. will post 0.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Innodata

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Innodata by 0.8% during the third quarter. Vanguard Group Inc. now owns 1,840,491 shares of the technology company’s stock worth $141,847,000 after buying an additional 15,036 shares during the period. Geode Capital Management LLC lifted its stake in Innodata by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 752,795 shares of the technology company’s stock worth $38,362,000 after acquiring an additional 2,407 shares during the last quarter. State Street Corp grew its holdings in Innodata by 2.8% during the 4th quarter. State Street Corp now owns 711,180 shares of the technology company’s stock worth $36,235,000 after acquiring an additional 19,484 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Innodata by 32.2% during the 1st 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 in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Innodata by 8.1% in the 4th quarter. Wellington Management Group LLP now owns 571,987 shares of the technology company’s stock valued at $29,143,000 after purchasing an additional 42,847 shares during the last quarter. Hedge funds and other institutional investors own 30.75% of the company’s stock.

Analyst Upgrades and Downgrades

INOD has been the subject of a number of research reports. Wedbush lifted their price objective on Innodata from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. BWS Financial reissued a “top pick” rating and set a $110.00 price target on shares of Innodata in a research report on Friday, April 10th. Weiss Ratings cut shares of Innodata from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Finally, Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. One investment 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 company’s stock. According to MarketBeat, Innodata has an average rating of “Moderate Buy” and an average price target of $105.00.

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.

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.