Key Points
- Innodata CEO Jack Abuhoff sold 38,056 shares on May 22 at an average price of $100.39, totaling about $3.82 million. After the sale, he still held 1,340,456 shares worth roughly $134.6 million.
- Abuhoff has been actively reducing his stake, with multiple additional sales reported in mid-May, including two 150,000-share sales and several other large transactions.
- The company recently reported strong quarterly results, beating earnings and revenue estimates with EPS of $0.42 versus $0.08 expected and revenue up 54.5% year over year. Analysts currently rate the stock a Moderate Buy with an average price target of $105.00.
Innodata Inc. (NASDAQ:INOD - Get Free Report) CEO Jack Abuhoff sold 38,056 shares of the company's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $100.39, for a total transaction of $3,820,441.84. Following the completion of the transaction, the chief executive officer directly owned 1,340,456 shares of the company's stock, valued at $134,568,377.84. This represents a 2.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Jack Abuhoff also recently made the following trade(s):
- On Wednesday, May 20th, Jack Abuhoff sold 150,000 shares of Innodata stock. The stock was sold at an average price of $93.46, for a total transaction of $14,019,000.00.
- On Tuesday, May 19th, Jack Abuhoff sold 2,800 shares of Innodata stock. The stock was sold at an average price of $93.03, for a total transaction of $260,484.00.
- 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 transaction of $14,158,500.00.
- On Friday, May 15th, Jack Abuhoff sold 100,000 shares of Innodata stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $91.19, for a total value of $8,613,807.40.
Innodata Trading Up 0.5%
INOD stock opened at $95.91 on Wednesday. Innodata Inc. has a 1-year low of $34.23 and a 1-year high of $114.77. 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 company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 86.41 and a beta of 2.40. The business has a 50 day simple moving average of $55.53 and a two-hundred day simple moving average of $54.18.
Innodata (NASDAQ:INOD - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share 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 business had revenue of $90.10 million during the quarter, compared to the consensus estimate of $76.47 million. During the same period in the prior year, the company posted $0.22 EPS. The firm's revenue for the quarter was up 54.5% compared to the same quarter last year. Research analysts anticipate that Innodata Inc. will post 0.99 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have weighed in on INOD shares. Wedbush upped their price target on Innodata from $80.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, May 14th. Weiss Ratings downgraded shares of Innodata from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, May 19th. BWS Financial reissued a "top pick" rating and set a $110.00 price objective on shares of Innodata in a report on Friday, April 10th. Finally, Wall Street Zen raised shares of Innodata from a "sell" rating to a "hold" rating in a report on Saturday, March 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $105.00.
Get Our Latest Research Report on INOD
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of INOD. AQR Capital Management LLC boosted its position in shares of Innodata by 446.4% during the 1st quarter. AQR Capital Management LLC now owns 90,968 shares of the technology company's stock valued at $3,266,000 after acquiring an additional 74,320 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Innodata by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,085 shares of the technology company's stock valued at $577,000 after acquiring an additional 711 shares during the last quarter. Millennium Management LLC boosted its position in shares of Innodata by 30.7% during the 1st quarter. Millennium Management LLC now owns 142,608 shares of the technology company's stock valued at $5,120,000 after acquiring an additional 33,473 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Innodata by 16.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,375 shares of the technology company's stock valued at $1,044,000 after acquiring an additional 2,816 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Innodata by 1,527.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,422 shares of the technology company's stock valued at $483,000 after acquiring an additional 8,843 shares during the last quarter. 30.75% of the stock is currently owned by institutional investors.
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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