Innodata (NASDAQ:INOD) CEO Jack Abuhoff Sells 105,586 Shares

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 105,586 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $103.50, for a total value of $10,928,151.00. Following the sale, the chief executive officer owned 1,340,456 shares in the company, valued at $138,737,196. The trade was a 7.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, May 22nd, Jack Abuhoff sold 38,056 shares of Innodata stock. The shares were sold at an average price of $100.39, for a total value of $3,820,441.84.
• 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 stock was 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 stock was 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 stock was 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 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 stock was sold at an average price of $91.19, for a total value of $8,613,807.40.

Innodata Stock Up 9.8%

INOD opened at $115.32 on Tuesday. Innodata Inc. has a 12 month low of $34.23 and a 12 month high of $117.19. 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 stock has a market cap of $3.77 billion, a P/E ratio of 103.89 and a beta of 2.82. The stock’s 50 day moving average price is $60.14 and its 200 day moving average price is $55.25.

Innodata (NASDAQ:INOD) last posted its earnings results on Thursday, May 7th. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.08 by $0.34. Innodata had a return on equity of 37.49% and a net margin of 13.86%.The firm had revenue of $90.10 million for the quarter, compared to analysts’ expectations of $76.47 million. During the same period last year, the firm earned $0.22 EPS. The firm’s revenue was up 54.5% compared to the same quarter last year. As a group, research analysts predict that Innodata Inc. will post 0.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on INOD. Wedbush raised 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 restated a “top pick” rating and issued a $110.00 target price on shares of Innodata in a research report on Friday, April 10th. Weiss Ratings cut Innodata from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Finally, Wall Street Zen raised Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. One 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 company’s stock. According to data from MarketBeat, Innodata currently has a consensus rating of “Moderate Buy” and an average target price of $105.00.

Institutional Investors Weigh In On Innodata

Several large investors have recently modified their holdings of INOD. AQR Capital Management LLC boosted 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 worth $3,266,000 after acquiring an additional 74,320 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 worth $577,000 after acquiring an additional 711 shares in the last quarter. Millennium Management LLC boosted 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 worth $5,120,000 after acquiring an additional 33,473 shares in the last quarter. JPMorgan Chase & Co. boosted 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 worth $1,044,000 after acquiring an additional 2,816 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted 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 worth $483,000 after acquiring an additional 8,843 shares in the last quarter. 30.75% of the stock is owned by institutional investors.

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.