Royal Bank of Canada Acquires 24,216 Shares of Innodata Inc. $INOD

Royal Bank of Canada lifted its stake in shares of Innodata Inc. (NASDAQ:INOD) by 16.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 169,054 shares of the technology company’s stock after buying an additional 24,216 shares during the period. Royal Bank of Canada’s holdings in Innodata were worth $6,528,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Quantinno Capital Management LP boosted its stake in Innodata by 90.5% during the first quarter. Quantinno Capital Management LP now owns 9,976 shares of the technology company’s stock worth $385,000 after acquiring an additional 4,740 shares in the last quarter. Themes Management Co LLC acquired a new stake in Innodata in the first quarter worth $209,000. Keebeck Wealth Management increased its stake in Innodata by 5.4% in the first quarter. Keebeck Wealth Management now owns 11,035 shares of the technology company’s stock valued at $426,000 after purchasing an additional 564 shares in the last quarter. Sei Investments Co. increased its stake in Innodata by 36.4% in the first quarter. Sei Investments Co. now owns 8,492 shares of the technology company’s stock valued at $328,000 after purchasing an additional 2,264 shares in the last quarter. Finally, State of Wyoming increased its stake in Innodata by 864.7% in the first quarter. State of Wyoming now owns 7,949 shares of the technology company’s stock valued at $307,000 after purchasing an additional 7,125 shares in the last quarter. Institutional investors own 30.75% of the company’s stock.

Analyst Ratings Changes

INOD has been the topic of a number of research analyst reports. Wedbush increased their price objective on shares of Innodata from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, June 4th. Weiss Ratings lowered Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Zacks Research raised Innodata from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, BWS Financial reiterated a “top pick” rating and issued a $140.00 price target on shares of Innodata in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Innodata currently has an average rating of “Buy” and an average price target of $130.00.

Innodata Stock Performance

Shares of INOD stock opened at $62.71 on Wednesday. The firm has a market capitalization of $2.16 billion, a PE ratio of 47.51 and a beta of 2.92. The firm has a fifty day simple moving average of $76.67 and a two-hundred day simple moving average of $62.77. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.07. Innodata Inc. has a 12 month low of $34.23 and a 12 month high of $125.14.

Innodata (NASDAQ:INOD) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.20. The firm had revenue of $92.14 million for the quarter, compared to the consensus estimate of $86.31 million. Innodata had a net margin of 14.66% and a return on equity of 41.94%. The business’s revenue was up 57.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. Analysts forecast that Innodata Inc. will post 1.18 EPS for the current fiscal year.

Insider Buying and Selling at Innodata

In other Innodata news, CEO Jack Abuhoff sold 200,000 shares of Innodata stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $110.20, for a total transaction of $22,040,000.00. Following the completion of the transaction, the chief executive officer owned 1,340,456 shares in the company, valued at approximately $147,718,251.20. The trade was a 12.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Ashok Mishra sold 38,666 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $114.34, for a total value of $4,421,070.44. Following the sale, the chief operating officer directly owned 83,179 shares of the company’s stock, valued at $9,510,686.86. This represents a 31.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,023,825 shares of company stock worth $103,084,735. 11.80% of the stock is currently owned by insiders.

Key Stories Impacting Innodata

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Maxim Group raised its earnings forecasts across multiple periods. The firm increased its FY2026 EPS estimate to $1.32 from $1.02 and its FY2027 estimate to $1.41 from $1.32. It also raised estimates for Q3 and Q4 2026 and each quarter of 2027, signaling stronger expected operating momentum. MarketBeat Innodata analyst estimates
• Positive Sentiment: Growth-focused commentary is reinforcing the bullish case. Zacks highlighted Innodata’s solid growth characteristics, while a separate Zacks article pointed to accelerating AI-related demand, strong second-quarter results, customer diversification and new solutions as drivers of its longer-term potential. Zacks growth analysis Zacks AI solutions analysis
• Positive Sentiment: BWS Financial reiterated its “Top Pick” rating. The continued endorsement adds to the favorable analyst backdrop for Innodata, particularly as investors focus on the company’s AI and data-services growth opportunities. BWS Financial Top Pick rating
• Neutral Sentiment: Short-interest data offers little actionable information. The report lists August short interest at zero shares, unchanged from the prior period, with a zero-day days-to-cover ratio. Because the figures appear inconsistent with the description of a “significant increase,” investors should treat this data cautiously.
• Negative Sentiment: Valuation and volatility could limit further gains. Innodata trades at a high earnings multiple, and its beta of 2.92 indicates substantial sensitivity to market and AI-sector sentiment. The stock is also well below its 12-month high, underscoring the risk of sharp price swings.

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.