Innodata (NASDAQ:INOD) Director Louise Forlenza Sells 5,000 Shares of Stock

Innodata Inc. (NASDAQ:INOD) Director Louise Forlenza sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $86.10, for a total transaction of $430,500.00. Following the completion of the sale, the director directly owned 3,943 shares in the company, valued at approximately $339,492.30. This represents a 55.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Innodata Stock Performance

Shares of INOD stock opened at $94.71 on Thursday. The company’s fifty day simple moving average is $51.30 and its 200-day simple moving average is $53.43. 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 firm has a market cap of $3.09 billion, a PE ratio of 85.32 and a beta of 2.40. Innodata Inc. has a 12 month low of $33.77 and a 12 month high of $114.77.

Innodata (NASDAQ:INOD) last announced its quarterly earnings data 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 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%. The firm’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Equities research analysts expect that Innodata Inc. will post 0.99 EPS for the current fiscal year.

Institutional Trading of Innodata

Several institutional investors and hedge funds have recently added to or reduced their stakes in INOD. HRT Financial LP raised its position in Innodata by 746.1% during the second quarter. HRT Financial LP now owns 218,635 shares of the technology company’s stock worth $11,198,000 after acquiring an additional 192,794 shares in the last quarter. Next Century Growth Investors LLC increased its holdings in shares of Innodata by 107.5% in the fourth quarter. Next Century Growth Investors LLC now owns 365,835 shares of the technology company’s stock valued at $18,639,000 after purchasing an additional 189,488 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Innodata in the second quarter valued at $7,825,000. Dimensional Fund Advisors LP increased its holdings in shares of Innodata by 32.2% in the first quarter. Dimensional Fund Advisors LP now owns 583,239 shares of the technology company’s stock valued at $22,517,000 after purchasing an additional 142,192 shares during the last quarter. Finally, RFG Advisory LLC acquired a new position in shares of Innodata in the fourth quarter valued at $5,750,000. 30.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Innodata News Roundup

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Innodata reported stronger-than-expected first-quarter results, with EPS of $0.42 versus $0.08 expected and revenue of $90.1 million versus $76.47 million estimated. Revenue also jumped 54.5% year over year, reinforcing the company’s growth story and likely helping support the stock.
• Positive Sentiment: Wedbush raised its price target on Innodata to $100 from $80 and kept an outperform rating, while the broader analyst view remains a “Moderate Buy” with a $105 consensus target. That suggests Wall Street remains constructive on the company’s AI/data-engineering growth prospects.
• Positive Sentiment: Recent reporting also highlighted bullish commentary on Innodata’s potential long-term upside, including articles focused on the company’s setup for further gains and growing investor enthusiasm around the name. Article Title
• Neutral Sentiment: Multiple institutional investors have been building positions in INOD, including several large funds that increased holdings materially. That can be a positive long-term signal, but it is not an immediate catalyst by itself.
• Negative Sentiment: CEO Jack Abuhoff sold 150,000 shares at an average price of $93.46, and additional insider sales were disclosed by the CEO and Director Louise C. Forlenza. Heavy insider selling can make investors question how much upside is left after the stock’s sharp run-up.
• Negative Sentiment: Director Stewart Massey also sold 10,000 shares recently. While insider sales do not always signal business weakness, the cluster of transactions may be weighing on sentiment near recent highs.

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.