Insider Selling: Innodata (NASDAQ:INOD) CEO Sells $22,040,000.00 in Stock

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $110.20, for a total value of $22,040,000.00. Following the transaction, the chief executive officer owned 1,340,456 shares of the company’s stock, valued at approximately $147,718,251.20. This represents a 12.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, June 15th, Jack Abuhoff sold 94,059 shares of Innodata stock. The shares were sold at an average price of $105.70, for a total transaction of $9,942,036.30.
• On Friday, May 29th, Jack Abuhoff sold 105,586 shares of Innodata stock. The shares were 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 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 shares were 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 shares were 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 shares were sold at an average price of $91.19, for a total value of $8,613,807.40.

Innodata Stock Performance

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

Innodata (NASDAQ:INOD) last announced its earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.34. The firm had revenue of $90.10 million during the quarter, compared to analyst estimates of $76.47 million. Innodata had a return on equity of 37.49% and a net margin of 13.86%.The business’s revenue was up 54.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 EPS. As a group, analysts expect that Innodata Inc. will post 1.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on INOD. BWS Financial restated a “buy” rating on shares of Innodata in a report on Monday. Wedbush increased their price target on shares of Innodata from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, June 4th. Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Weiss Ratings raised shares of Innodata from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. One equities research 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $130.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INOD. Northwestern Mutual Wealth Management Co. purchased a new position in Innodata during the fourth quarter valued at $26,000. Farther Finance Advisors LLC grew its stake in shares of Innodata by 506.0% in the fourth quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock worth $41,000 after acquiring an additional 673 shares during the last quarter. Fifth Third Bancorp purchased a new stake in shares of Innodata in the first quarter worth $45,000. IFP Advisors Inc increased its holdings in shares of Innodata by 1,567.5% during the third quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock valued at $51,000 after acquiring an additional 627 shares in the last quarter. Finally, Leonteq Securities AG bought a new position in shares of Innodata during the fourth quarter valued at $51,000. Institutional investors own 30.75% of the company’s stock.

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.