Innodata (NASDAQ:INOD) CEO Sells $9,942,036.30 in Stock

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 94,059 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $105.70, for a total transaction of $9,942,036.30. Following the completion of the sale, the chief executive officer directly owned 1,340,456 shares in the company, valued at $141,686,199.20. This represents a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, June 16th, Jack Abuhoff sold 200,000 shares of Innodata stock. The stock was sold at an average price of $110.20, for a total transaction of $22,040,000.00.
• On Friday, May 29th, Jack Abuhoff sold 105,586 shares of Innodata stock. The stock was sold at an average price of $103.50, for a total transaction of $10,928,151.00.
• On Friday, May 22nd, Jack Abuhoff sold 38,056 shares of Innodata stock. The stock was sold at an average price of $100.39, for a total transaction 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 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 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 Down 7.0%

NASDAQ:INOD opened at $95.38 on Friday. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $76.86 and its two-hundred day moving average is $59.67. Innodata Inc. has a 52 week low of $34.23 and a 52 week high of $125.14. The company has a market cap of $3.11 billion, a PE ratio of 85.92 and a beta of 2.83.

Innodata (NASDAQ:INOD) last issued its earnings results on Thursday, May 7th. The technology company reported $0.42 EPS for the quarter, topping 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 company had revenue of $90.10 million during the quarter, compared to analyst estimates of $76.47 million. During the same quarter last year, the firm earned $0.22 EPS. The business’s revenue was up 54.5% on a year-over-year basis. On average, analysts predict that Innodata Inc. will post 1.14 EPS for the current year.

Analyst Ratings Changes

INOD has been the subject of several recent research reports. Wedbush boosted their target price on shares of Innodata from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th. BWS Financial reaffirmed a “buy” rating on shares of Innodata in a report on Monday. Weiss Ratings raised shares of Innodata from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen upgraded 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 issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Innodata has a consensus rating of “Moderate Buy” and an average target price of $130.00.

Institutional Investors Weigh In On Innodata

Large investors have recently made changes to their positions in the company. Glenmede Trust Co. NA raised its holdings in shares of Innodata by 3.5% during the first quarter. Glenmede Trust Co. NA now owns 7,336 shares of the technology company’s stock valued at $283,000 after buying an additional 248 shares during the last quarter. Prosperity Wealth Management Inc. grew its holdings in Innodata by 4.0% in the 3rd quarter. Prosperity Wealth Management Inc. now owns 10,500 shares of the technology company’s stock worth $809,000 after buying an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Innodata by 5.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,703 shares of the technology company’s stock valued at $392,000 after acquiring an additional 418 shares during the period. Texas Yale Capital Corp. increased its position in Innodata by 5.5% in the 4th quarter. Texas Yale Capital Corp. now owns 8,440 shares of the technology company’s stock valued at $430,000 after acquiring an additional 440 shares during the period. Finally, IFP Advisors Inc increased its position in Innodata by 74.8% in the 4th quarter. IFP Advisors Inc now owns 1,166 shares of the technology company’s stock valued at $59,000 after acquiring an additional 499 shares during the period. Institutional investors and hedge funds own 30.75% of the company’s stock.

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.