Insider Selling: Innodata (NASDAQ:INOD) Director Sells $2,665,800.00 in Stock

Innodata Inc. (NASDAQ:INOD) Director Louise Forlenza sold 30,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $88.86, for a total transaction of $2,665,800.00. Following the completion of the sale, the director directly owned 3,943 shares of the company’s stock, valued at $350,374.98. The trade was a 88.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Innodata Price Performance

Shares of NASDAQ INOD opened at $96.10 on Friday. Innodata Inc. has a twelve month low of $33.77 and a twelve month high of $114.77. 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 company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 86.58 and a beta of 2.40. The firm has a 50-day moving average of $48.45 and a two-hundred day moving average of $53.27.

Innodata (NASDAQ:INOD) last issued its quarterly earnings results 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 the consensus estimate of $76.47 million. During the same period in the prior year, the company earned $0.22 EPS. Innodata’s revenue was up 54.5% on a year-over-year basis. As a group, analysts expect that Innodata Inc. will post 0.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on INOD. Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. BWS Financial restated a “top pick” rating and issued a $110.00 price objective on shares of Innodata in a report on Friday, April 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Innodata in a report on Friday, April 10th. Finally, Wedbush increased their price target on Innodata from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Innodata presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of INOD. AQR Capital Management LLC lifted its position in Innodata by 446.4% in the first quarter. AQR Capital Management LLC now owns 90,968 shares of the technology company’s stock worth $3,266,000 after purchasing an additional 74,320 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Innodata by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,085 shares of the technology company’s stock worth $577,000 after purchasing an additional 711 shares during the period. Millennium Management LLC lifted its position in Innodata by 30.7% in the first quarter. Millennium Management LLC now owns 142,608 shares of the technology company’s stock worth $5,120,000 after purchasing an additional 33,473 shares during the period. JPMorgan Chase & Co. lifted its position in Innodata by 16.0% in the second quarter. JPMorgan Chase & Co. now owns 20,375 shares of the technology company’s stock worth $1,044,000 after purchasing an additional 2,816 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in Innodata by 1,527.3% in the second quarter. Russell Investments Group Ltd. now owns 9,422 shares of the technology company’s stock worth $483,000 after purchasing an additional 8,843 shares during the period. 30.75% of the stock is owned by institutional investors.

Key Headlines Impacting Innodata

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Wedbush raised its price target on Innodata to $100 from $80 and reiterated an Outperform rating, reinforcing the bullish view after the company’s strong earnings beat. Article Title
• Positive Sentiment: Recent coverage continues to highlight Innodata’s first-quarter revenue growth of 54% and better-than-expected profit, supporting the stock’s momentum after earnings. Article Title
• Positive Sentiment: Some commentary says the company’s strong earnings may even be conservative, which keeps the growth narrative alive for AI/data-services investors. Article Title
• Negative Sentiment: CEO Jack Abuhoff sold large blocks of stock in multiple transactions, including a recent sale worth about $22.8 million, which may raise concerns that insiders are locking in gains after the sharp rally. Article Title
• Negative Sentiment: Other insider sales, including moves by Director Stewart Massey, Director Louise C. Forlenza, and COO Ashok Mishra, add to the perception that management may be taking profits after the stock’s big post-earnings run. Article Title
• Neutral Sentiment: The stock is also being discussed as a momentum/AI beneficiary, but with a rich valuation, some investors are weighing whether gains can continue without another strong catalyst. Article Title

About Innodata

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.