Jack Abuhoff Sells 100,000 Shares of Innodata (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 100,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $95.78, for a total value of $9,578,000.00. Following the transaction, the chief executive officer owned 1,340,456 shares of the company’s stock, valued at $128,388,875.68. This represents a 6.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 value of $14,158,500.00.
• 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 value 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 value of $6,854,424.40.
• On Wednesday, May 13th, Jack Abuhoff sold 94,460 shares of Innodata stock. The stock was sold at an average price of $91.19, for a total value of $8,613,807.40.

Innodata Stock Performance

Innodata stock opened at $88.19 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 2.49. The stock has a fifty day moving average price of $50.32 and a two-hundred day moving average price of $53.29. Innodata Inc. has a 52-week low of $33.77 and a 52-week high of $114.77. The firm has a market capitalization of $2.88 billion, a P/E ratio of 79.45 and a beta of 2.40.

Innodata (NASDAQ:INOD) last released its quarterly earnings data 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. Innodata had a return on equity of 37.49% and a net margin of 13.86%.The firm had revenue of $90.10 million during the quarter, compared to analyst estimates of $76.47 million. During the same period in the prior year, the company posted $0.22 earnings per share. The business’s revenue for the quarter was up 54.5% compared to the same quarter last year. As a group, analysts anticipate that Innodata Inc. will post 0.99 EPS for the current fiscal year.

Institutional Trading of Innodata

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its stake in shares of Innodata by 156.3% during the first quarter. Bank of America Corp DE now owns 102,268 shares of the technology company’s stock valued at $3,950,000 after acquiring an additional 62,361 shares during the period. H&H International Investment LLC acquired a new position in shares of Innodata during the first quarter valued at $386,000. Janus Henderson Group PLC lifted its stake in shares of Innodata by 13.8% during the first quarter. Janus Henderson Group PLC now owns 526,012 shares of the technology company’s stock valued at $20,315,000 after acquiring an additional 63,779 shares during the period. California State Teachers Retirement System lifted its stake in shares of Innodata by 36.8% during the first quarter. California State Teachers Retirement System now owns 40,611 shares of the technology company’s stock valued at $1,568,000 after acquiring an additional 10,927 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Innodata by 16.7% during the first quarter. Royal Bank of Canada now owns 169,054 shares of the technology company’s stock valued at $6,528,000 after acquiring an additional 24,216 shares during the period. Institutional investors own 30.75% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Wall Street Zen upgraded Innodata from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Innodata in a report on Friday, April 10th. Wedbush increased their target price on Innodata from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Finally, BWS Financial restated a “top pick” rating and set a $110.00 target price on shares of Innodata in a report on Friday, April 10th. One 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $105.00.

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.