Key Points
- Director Louise Forlenza sold 15,000 shares of Innodata at an average price of $92.33, totaling about $1.38 million. After the sale, she held 3,943 shares, a drop of 79.18% in her position.
- Innodata posted strong first-quarter results, beating expectations with EPS of $0.42 versus $0.08 expected and revenue of $90.1 million versus $76.47 million estimated. Revenue rose 54.5% year over year.
- Wall Street remains generally upbeat on INOD, with Wedbush lifting its price target to $100 and the stock carrying a consensus “Moderate Buy” rating and average target of $105. Despite that, recent insider selling has added some caution to sentiment near recent highs.
Innodata Inc. (NASDAQ:INOD - Get Free Report) CEO Jack Abuhoff sold 2,800 shares of Innodata stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $93.03, for a total transaction of $260,484.00. Following the completion of the sale, the chief executive officer owned 1,340,456 shares of the company's stock, valued at $124,702,621.68. This trade represents a 0.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Jack Abuhoff also recently made the following trade(s):
- On Wednesday, May 20th, Jack Abuhoff sold 150,000 shares of Innodata stock. The shares were sold at an average price of $93.46, for a total transaction of $14,019,000.00.
- On Monday, May 18th, Jack Abuhoff sold 150,000 shares of Innodata stock. The shares were sold at an average price of $94.39, for a total transaction of $14,158,500.00.
- On Friday, May 15th, Jack Abuhoff sold 100,000 shares of Innodata stock. The shares were sold at an average price of $95.78, for a total transaction of $9,578,000.00.
- On Thursday, May 14th, Jack Abuhoff sold 76,991 shares of Innodata stock. The shares were sold at an average price of $95.58, for a total transaction of $7,358,799.78.
- On Tuesday, May 12th, Jack Abuhoff sold 71,699 shares of Innodata stock. The shares were sold at an average price of $95.60, for a total transaction of $6,854,424.40.
- On Wednesday, May 13th, Jack Abuhoff sold 94,460 shares of Innodata stock. The shares were sold at an average price of $91.19, for a total transaction of $8,613,807.40.
Innodata Stock Performance
Shares of INOD stock opened at $94.71 on Thursday. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.07. Innodata Inc. has a 52 week low of $33.77 and a 52 week high of $114.77. The stock has a market capitalization of $3.09 billion, a PE ratio of 85.32 and a beta of 2.40. The firm has a 50 day moving average of $51.30 and a two-hundred day moving average of $53.43.
Innodata (NASDAQ:INOD - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate 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 last year, the company posted $0.22 EPS. The firm's revenue was up 54.5% compared to the same quarter last year. On average, research analysts predict that Innodata Inc. will post 0.99 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
INOD has been the subject of several recent research reports. Weiss Ratings cut shares of Innodata from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday. Wedbush raised 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. Wall Street Zen raised shares of Innodata from a "sell" rating to a "hold" rating in a research report on Saturday, March 21st. Finally, BWS Financial reaffirmed a "top pick" rating and set a $110.00 price objective on shares of Innodata in a research report on Friday, April 10th. One equities 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $105.00.
View Our Latest Stock Report on INOD
Institutional Investors Weigh In On Innodata
Several institutional investors have recently modified their holdings of INOD. HRT Financial LP lifted its position in shares of Innodata by 746.1% during the 2nd quarter. HRT Financial LP now owns 218,635 shares of the technology company's stock worth $11,198,000 after purchasing an additional 192,794 shares during the last quarter. Next Century Growth Investors LLC lifted its position in shares of Innodata by 107.5% during the 4th quarter. Next Century Growth Investors LLC now owns 365,835 shares of the technology company's stock worth $18,639,000 after purchasing an additional 189,488 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of Innodata during the 2nd quarter worth $7,825,000. Dimensional Fund Advisors LP lifted its position in shares of Innodata by 32.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 583,239 shares of the technology company's stock worth $22,517,000 after purchasing an additional 142,192 shares during the last quarter. Finally, RFG Advisory LLC purchased a new stake in shares of Innodata during the 4th quarter worth $5,750,000. 30.75% of the stock is owned by hedge funds and other institutional investors.
Key Innodata News
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.
Innodata Company Profile
(
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.
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