Key Points
- COO Ashok Mishra sold 242,901 Innodata shares on May 12 at an average price of $90.15, for proceeds of about $21.9 million. The sale cut his ownership by roughly 71.85%.
- Innodata reported strong first-quarter results, posting EPS of $0.42 versus the $0.08 consensus estimate and revenue of $90.1 million, well above expectations. Revenue rose 54.5% year over year.
- The stock has been volatile but generally strong, trading near $89.95 after a 2.3% drop, with a 52-week range of $33.44 to $114.77. Analysts currently rate it a Moderate Buy with a $95 consensus price target.
Innodata Inc. (NASDAQ:INOD - Get Free Report) Director Louise Forlenza sold 30,000 shares of the firm's stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $88.86, for a total transaction of $2,665,800.00. Following the transaction, the director directly owned 3,943 shares of the company's stock, valued at approximately $350,374.98. This trade represents a 88.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Innodata Stock Down 2.3%
INOD opened at $89.95 on Thursday. Innodata Inc. has a fifty-two week low of $33.44 and a fifty-two week high of $114.77. 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 company has a fifty day moving average of $46.49 and a two-hundred day moving average of $52.87. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 81.04 and a beta of 2.40.
Innodata (NASDAQ:INOD - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.34. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The company had revenue of $90.10 million during the quarter, compared to analysts' expectations of $76.47 million. During the same quarter in the previous year, the company earned $0.22 earnings per share. The firm's revenue for the quarter was up 54.5% on a year-over-year basis. On average, research analysts expect that Innodata Inc. will post 0.99 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on INOD shares. BWS Financial reiterated a "top pick" rating and issued a $110.00 target price on shares of Innodata in a research report on Friday, April 10th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Innodata in a research report on Friday, April 10th. Wall Street Zen upgraded shares of Innodata from a "sell" rating to a "hold" rating in a research report on Saturday, March 21st. Finally, Wedbush lifted their target price on shares of Innodata from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.00.
Check Out Our Latest Report on Innodata
Hedge Funds Weigh In On Innodata
A number of institutional investors and hedge funds have recently bought and sold shares of INOD. HRT Financial LP boosted 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 during the last quarter. Next Century Growth Investors LLC boosted its position in Innodata by 107.5% during the fourth quarter. Next Century Growth Investors LLC now owns 365,835 shares of the technology company's stock worth $18,639,000 after acquiring an additional 189,488 shares during the last quarter. First Trust Advisors LP acquired a new position in Innodata during the second quarter worth about $7,825,000. Dimensional Fund Advisors LP boosted its position in Innodata by 32.2% during the first quarter. Dimensional Fund Advisors LP now owns 583,239 shares of the technology company's stock worth $22,517,000 after acquiring an additional 142,192 shares during the last quarter. Finally, RFG Advisory LLC acquired a new position in Innodata during the fourth quarter worth about $5,750,000. 30.75% of the stock is currently owned by institutional investors and hedge funds.
Key Stories Impacting Innodata
Here are the key news stories impacting Innodata this week:
- Positive Sentiment: Recent coverage says Innodata’s first-quarter earnings “ignited” a major momentum spike, with investor sentiment improving sharply after the company’s strong results and upbeat outlook. Benzinga article
- Positive Sentiment: Several pieces framed Innodata as an AI infrastructure/data-center play, which may be extending the post-earnings rally by reinforcing the company’s growth narrative. Yahoo Finance article
- Positive Sentiment: The company’s Q1 earnings call was described as “blowout,” suggesting results and guidance were strong enough to keep bulls engaged. TipRanks article
- Neutral Sentiment: Maxim Group cut multiple earnings estimates for 2026-2027, which is a headwind for valuation, but the revised forecasts still remain above the broader consensus in several periods.
- Negative Sentiment: Heavy insider selling by COO Ashok Mishra and Director Louise C. Forlenza may temper enthusiasm, as the two transactions together totaled more than $24 million in stock sales.
- Negative Sentiment: Unusual put-option buying also points to some traders hedging against downside, signaling caution despite the stock’s strong recent run. American Banking News article
About Innodata
(
Get Free Report)
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.
Further Reading
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