Jack Abuhoff Sells 105,586 Shares of Innodata (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INOD) CEO Jack Abuhoff sold 105,586 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $103.50, for a total transaction of $10,928,151.00. Following the completion of the transaction, the chief executive officer directly owned 1,340,456 shares of the company’s stock, valued at approximately $138,737,196. The trade was a 7.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Jack Abuhoff also recently made the following trade(s):

• 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 shares were 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 shares were 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 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 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 shares were 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 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 Price Performance

INOD stock opened at $114.22 on Wednesday. Innodata Inc. has a 1 year low of $34.23 and a 1 year high of $118.45. The company has a market cap of $3.73 billion, a P/E ratio of 102.90 and a beta of 2.83. The firm has a 50-day moving average of $60.14 and a 200 day moving average of $55.25. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 2.49.

Innodata (NASDAQ:INOD) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.42 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $76.47 million. During the same period in the previous year, the firm posted $0.22 EPS. The business’s revenue was up 54.5% on a year-over-year basis. On average, sell-side analysts forecast that Innodata Inc. will post 0.99 EPS for the current year.

Hedge Funds Weigh In On Innodata

Large investors have recently modified their holdings of the stock. HRT Financial LP grew its position in Innodata by 746.1% during the 2nd quarter. HRT Financial LP now owns 218,635 shares of the technology company’s stock valued at $11,198,000 after purchasing an additional 192,794 shares during the last quarter. Next Century Growth Investors LLC lifted its stake in shares of Innodata by 107.5% in the fourth quarter. Next Century Growth Investors LLC now owns 365,835 shares of the technology company’s stock worth $18,639,000 after buying an additional 189,488 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Innodata during the second quarter valued at approximately $7,825,000. Dimensional Fund Advisors LP grew its holdings in shares of Innodata by 32.2% during the first quarter. Dimensional Fund Advisors LP now owns 583,239 shares of the technology company’s stock valued at $22,517,000 after buying an additional 142,192 shares during the last quarter. Finally, RFG Advisory LLC purchased a new position in Innodata in the 4th quarter worth approximately $5,750,000. Hedge funds and other institutional investors own 30.75% of the company’s stock.

Wall Street Analysts Forecast Growth

INOD has been the subject of a number of research reports. Weiss Ratings downgraded Innodata from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. BWS Financial reaffirmed a “top pick” rating and issued a $110.00 target price on shares of Innodata in a research report on Friday, April 10th. Wall Street Zen upgraded shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Wedbush lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $105.00.

Innodata Company Profile

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.