Innodata (NASDAQ:INOD) CEO Jack Abuhoff Sells 38,056 Shares

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 38,056 shares of Innodata stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $100.39, for a total value of $3,820,441.84. Following the completion of the sale, the chief executive officer owned 1,340,456 shares of the company’s stock, valued at $134,568,377.84. The trade was a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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 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 0.5%

NASDAQ:INOD opened at $95.91 on Wednesday. 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 Inc. has a 12 month low of $34.23 and a 12 month high of $114.77. The company has a market cap of $3.13 billion, a PE ratio of 86.41 and a beta of 2.40. The company has a 50 day simple moving average of $55.53 and a two-hundred day simple moving average of $54.18.

Innodata (NASDAQ:INOD) last posted its earnings results on Thursday, May 7th. The technology company reported $0.42 EPS 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 net margin of 13.86% and a return on equity of 37.49%. The firm’s revenue was up 54.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 EPS. Research analysts forecast that Innodata Inc. will post 0.99 earnings per share for the current year.

Analyst Ratings Changes

INOD has been the subject of a number of recent research reports. BWS Financial restated a “top pick” rating and set a $110.00 price target on shares of Innodata in a research note on Friday, April 10th. Weiss Ratings downgraded Innodata from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Wall Street Zen upgraded Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Wedbush boosted their price objective on shares of Innodata from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Innodata has an average rating of “Moderate Buy” and a consensus price target of $105.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in INOD. AQR Capital Management LLC grew its stake in shares of 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 period. Millennium Management LLC grew its stake in shares of 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 period. JPMorgan Chase & Co. grew its stake in shares of 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 period. Finally, Russell Investments Group Ltd. grew its stake in shares of 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 period. 30.75% of the stock is currently owned by institutional investors.

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.