Key Points
- Director Louise Forlenza sold 18,000 Innodata shares on May 21 at an average price of $94.47, totaling about $1.7 million and reducing her stake by 82%. The sale was disclosed in an SEC filing.
- Innodata posted a strong quarterly earnings beat, reporting EPS of $0.42 versus $0.08 expected and revenue of $90.1 million versus $76.47 million expected. Revenue jumped 54.5% year over year.
- Analyst sentiment remains constructive despite insider selling, with Wedbush raising its price target to $100 and the consensus rating staying at “Moderate Buy” with a $105 target. The article also notes recent institutional buying in the stock.
Innodata Inc. (NASDAQ:INOD - Get Free Report) Director Louise Forlenza sold 18,000 shares of Innodata stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $94.47, for a total value of $1,700,460.00. Following the transaction, the director directly owned 3,943 shares in the company, valued at $372,495.21. The trade was a 82.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Innodata Price Performance
Innodata stock opened at $98.53 on Friday. The stock's 50 day moving average is $52.39 and its 200 day moving average is $53.60. 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 firm has a market cap of $3.22 billion, a P/E ratio of 88.77 and a beta of 2.40. Innodata Inc. has a one year low of $33.77 and a one year high of $114.77.
Innodata (NASDAQ:INOD - Get Free Report) last released its quarterly earnings results 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 net margin of 13.86% and a return on equity of 37.49%. The firm had revenue of $90.10 million during the quarter, compared to analyst estimates of $76.47 million. During the same quarter last year, the business earned $0.22 EPS. The company's revenue was up 54.5% compared to the same quarter last year. As a group, research analysts expect that Innodata Inc. will post 0.99 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in Innodata during the 3rd quarter valued at $4,876,000. RFG Advisory LLC purchased a new stake in shares of Innodata in the fourth quarter valued at about $5,750,000. WINTON GROUP Ltd bought a new position in shares of Innodata during the third quarter valued at about $1,834,000. Penserra Capital Management LLC bought a new position in shares of Innodata during the third quarter valued at about $3,877,000. Finally, UBS Group AG boosted its holdings in Innodata by 37.1% during the fourth quarter. UBS Group AG now owns 350,928 shares of the technology company's stock worth $17,880,000 after purchasing an additional 95,002 shares during the last quarter. Institutional investors own 30.75% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on INOD shares. BWS Financial reiterated a "top pick" rating and issued a $110.00 target price on shares of Innodata in a report on Friday, April 10th. Wedbush increased their price target on Innodata from $80.00 to $100.00 and gave the stock an "outperform" rating in a 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, Weiss Ratings lowered shares of Innodata from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $105.00.
Read Our Latest Report on INOD
Trending Headlines about Innodata
Here are the key news stories impacting Innodata this week:
- Positive Sentiment: Innodata’s latest earnings beat was strong, with EPS of $0.42 versus $0.08 expected and revenue of $90.1 million versus $76.47 million estimated. Revenue also rose 54.5% year over year, reinforcing confidence in the company’s AI-related growth.
- Positive Sentiment: Wedbush raised its price target on Innodata to $100 from $80 and kept an outperform rating, supporting the case that Wall Street still sees upside after the stock’s big run.
- Positive Sentiment: Recent commentary continues to frame Innodata as a potential beneficiary of accelerating AI spending, with articles comparing it favorably to other AI data names and highlighting possible further upside. Article Title
- Neutral Sentiment: Institutional investors have been adding to positions, which is supportive over time, but it is not a near-term catalyst by itself.
- Negative Sentiment: Recent insider selling has been heavy, including CEO Jack Abuhoff and Director Louise C. Forlenza selling shares. That can create some caution among investors, especially after the stock’s sharp advance.
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.
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