Innodata (NASDAQ:INOD) CEO Sells $9,578,000.00 in Stock

by · The Cerbat Gem

Innodata Inc. (NASDAQ:INOD – Get Free Report) CEO Jack Abuhoff sold 100,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $95.78, for a total transaction of $9,578,000.00. Following the transaction, the chief executive officer owned 1,340,456 shares in the company, valued at $128,388,875.68. This represents a 6.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • 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 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 transaction 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 Stock Down 1.4%

Shares of Innodata stock traded down $1.38 during midday trading on Monday, reaching $94.72. 2,106,733 shares of the company’s stock traded hands, compared to its average volume of 1,572,331. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 85.33 and a beta of 2.40. Innodata Inc. has a 52 week low of $33.77 and a 52 week high of $114.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.49 and a current ratio of 2.49. The company’s 50 day simple moving average is $48.45 and its 200 day simple moving average is $53.09.

Innodata (NASDAQ:INOD – Get Free Report) last announced its earnings results on Thursday, May 7th. The technology company reported $0.42 EPS 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 the consensus estimate of $76.47 million. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The business’s quarterly revenue was up 54.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. Equities analysts expect that Innodata Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on INOD shares. Wedbush lifted their target price on shares of Innodata from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday. 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Innodata in a report on Friday, April 10th. Finally, Wall Street Zen upgraded 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 issued 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.

Read Our Latest Research Report on Innodata

Institutional Trading of Innodata

Several hedge funds and other institutional investors have recently bought and sold shares of INOD. Northwestern Mutual Wealth Management Co. acquired a new stake in Innodata in the 4th quarter worth $26,000. Farther Finance Advisors LLC grew its position in Innodata by 506.0% in the 4th quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock worth $41,000 after purchasing an additional 673 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Innodata in the 1st quarter worth $45,000. IFP Advisors Inc grew its position in Innodata by 1,567.5% in the 3rd quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock worth $51,000 after purchasing an additional 627 shares during the last quarter. Finally, Leonteq Securities AG acquired a new stake in Innodata in the 4th quarter worth $51,000. 30.75% of the stock is currently owned by institutional investors and hedge funds.

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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