Darden Wealth Group Inc Takes $296,000 Position in Innodata Inc. $INOD

Darden Wealth Group Inc acquired a new stake in Innodata Inc. (NASDAQ:INOD) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 5,801 shares of the technology company’s stock, valued at approximately $296,000.

A number of other institutional investors also recently made changes to their positions in the business. Arizona State Retirement System boosted its stake in shares of Innodata by 2.4% in the 3rd quarter. Arizona State Retirement System now owns 9,386 shares of the technology company’s stock valued at $723,000 after purchasing an additional 217 shares in the last quarter. Prosperity Wealth Management Inc. boosted its stake in shares of Innodata by 4.0% in the 3rd quarter. Prosperity Wealth Management Inc. now owns 10,500 shares of the technology company’s stock valued at $809,000 after purchasing an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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 purchasing an additional 418 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of 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 purchasing an additional 499 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Innodata by 3.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,613 shares of the technology company’s stock valued at $851,000 after purchasing an additional 528 shares in the last quarter. Hedge funds and other institutional investors own 30.75% of the company’s stock.

Key Headlines Impacting Innodata

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Innodata’s Q1 results showed strong operating momentum, with adjusted EBITDA up 96% and revenue up 54%, suggesting the AI growth story is translating into better profitability.
• Positive Sentiment: Recent reports highlighted raised AI growth guidance and new big tech contracts, which could support future revenue growth and investor confidence. Article Title
• Positive Sentiment: Wedbush raised its price target on INOD and maintained an outperform rating, signaling continued Wall Street optimism.
• Neutral Sentiment: Commentary continues to frame Innodata as a beneficiary of accelerating AI spending, but this is more of a broader theme than a direct near-term catalyst. Article Title
• Negative Sentiment: Multiple insider sales, including significant disposals by the CEO and a director, may be weighing on sentiment and prompting profit-taking after the stock’s sharp advance.

Insider Buying and Selling at Innodata

In other news, Director Stewart R. Massey sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $96.00, for a total value of $960,000.00. Following the completion of the sale, the director directly owned 11,000 shares of the company’s stock, valued at approximately $1,056,000. This trade represents a 47.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jack Abuhoff sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $93.46, for a total transaction of $14,019,000.00. Following the completion of the sale, the chief executive officer directly owned 1,340,456 shares of the company’s stock, valued at approximately $125,279,017.76. This represents a 10.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 976,851 shares of company stock valued at $90,764,451 in the last quarter. Company insiders own 11.80% of the company’s stock.

Innodata Trading Down 3.1%

Shares of INOD opened at $95.48 on Friday. The stock has a market capitalization of $3.12 billion, a P/E ratio of 86.02 and a beta of 2.40. 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 fifty day simple moving average of $53.41 and a two-hundred day simple moving average of $53.89. Innodata Inc. has a twelve month low of $34.23 and a twelve month high of $114.77.

Innodata (NASDAQ:INOD) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.34. The business had revenue of $90.10 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.22 EPS. On average, research analysts anticipate that Innodata Inc. will post 0.99 EPS for the current year.

Analysts Set New Price Targets

INOD has been the subject of a number of research reports. BWS Financial reaffirmed a “top pick” rating and issued a $110.00 price objective on shares of Innodata in a research note on Friday, April 10th. Weiss Ratings cut shares of Innodata from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. Wedbush increased their price target 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. Finally, Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.00.

Innodata 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.