Key Points
- Innodata CEO Jack Abuhoff sold 94,059 shares on June 15 at an average price of $105.70, totaling about $9.94 million. After the sale, he still owned 1,340,456 shares, a 6.56% drop in his holdings.
- Abuhoff has made multiple recent stock sales, including a June 16 sale of 200,000 shares for about $22.04 million and several large sales in May. The article highlights a steady pattern of insider selling over the past month.
- Despite the insider selling, Innodata reported strong quarterly results with earnings of $0.42 per share and revenue of $90.1 million, both above expectations. The stock has also surged, trading well above its 50-day and 200-day moving averages, while analysts currently rate it a Moderate Buy with a $130 price target.
Innodata Inc. (NASDAQ:INOD - Get Free Report) CEO Jack Abuhoff sold 94,059 shares of the firm's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $105.70, for a total value of $9,942,036.30. Following the completion of the transaction, the chief executive officer owned 1,340,456 shares in the company, valued at $141,686,199.20. This represents a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Jack Abuhoff also recently made the following trade(s):
- On Tuesday, June 16th, Jack Abuhoff sold 200,000 shares of Innodata stock. The stock was sold at an average price of $110.20, for a total value of $22,040,000.00.
- On Friday, May 29th, Jack Abuhoff sold 105,586 shares of Innodata stock. The stock was sold at an average price of $103.50, for a total value of $10,928,151.00.
- On Friday, May 22nd, Jack Abuhoff sold 38,056 shares of Innodata stock. The stock was sold at an average price of $100.39, for a total value of $3,820,441.84.
- 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 value 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 value 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 value 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 value 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 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
INOD stock opened at $107.42 on Wednesday. The business's 50-day moving average price is $74.46 and its two-hundred day moving average price is $59.08. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.07. The firm has a market cap of $3.51 billion, a PE ratio of 96.77 and a beta of 2.83. Innodata Inc. has a 1-year low of $34.23 and a 1-year high of $125.14.
Innodata (NASDAQ:INOD - Get Free Report) last posted its 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. The firm had revenue of $90.10 million for the quarter, compared to analyst estimates of $76.47 million. Innodata had a return on equity of 37.49% and a net margin of 13.86%.The company's revenue for the quarter was up 54.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. As a group, research analysts forecast that Innodata Inc. will post 1.14 earnings per share for the current year.
Institutional Trading of Innodata
A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Innodata by 0.8% in the third quarter. Vanguard Group Inc. now owns 1,840,491 shares of the technology company's stock valued at $141,847,000 after purchasing an additional 15,036 shares in the last quarter. Geode Capital Management LLC raised its holdings in Innodata by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 752,795 shares of the technology company's stock worth $38,362,000 after acquiring an additional 2,407 shares in the last quarter. State Street Corp raised its holdings in Innodata by 2.8% during the fourth quarter. State Street Corp now owns 711,180 shares of the technology company's stock worth $36,235,000 after acquiring an additional 19,484 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings 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 in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Innodata by 8.1% during the fourth quarter. Wellington Management Group LLP now owns 571,987 shares of the technology company's stock worth $29,143,000 after acquiring an additional 42,847 shares in the last quarter. 30.75% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
INOD has been the topic of several recent analyst reports. Weiss Ratings upgraded Innodata from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, June 3rd. Wall Street Zen upgraded Innodata from a "sell" rating to a "hold" rating in a report on Saturday, March 21st. Wedbush lifted their target price on Innodata from $100.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, June 4th. Finally, BWS Financial reiterated a "buy" rating on shares of Innodata in a report on Monday. One 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $130.00.
Read Our Latest Stock Report on INOD
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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