Comerica Bank decreased its holdings in shares of Innodata Inc. (NASDAQ:INOD – Free Report) by 78.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,572 shares of the technology company’s stock after selling 20,434 shares during the quarter. Comerica Bank’s holdings in Innodata were worth $284,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC raised its position in shares of Innodata by 506.0% in the fourth quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock valued at $41,000 after buying an additional 673 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in Innodata in the 3rd quarter valued at about $50,000. IFP Advisors Inc raised its holdings in Innodata by 1,567.5% in the 3rd quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock valued at $51,000 after acquiring an additional 627 shares during the last quarter. Goodman Advisory Group LLC acquired a new stake in Innodata in the 3rd quarter valued at about $52,000. Finally, FNY Investment Advisers LLC raised its holdings in Innodata by 2,675.0% in the 4th quarter. FNY Investment Advisers LLC now owns 1,030 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,070 shares during the last quarter. 30.75% of the stock is currently owned by institutional investors and hedge funds.
Innodata Trading Up 0.2%
Shares of INOD opened at $90.15 on Friday. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.07. Innodata Inc. has a 12-month low of $33.44 and a 12-month high of $114.77. The firm has a 50-day moving average price of $47.42 and a 200 day moving average price of $52.97. The firm has a market capitalization of $2.94 billion, a P/E ratio of 81.22 and a beta of 2.40.
Insider Activity
In related news, CEO Jack Abuhoff sold 76,991 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $95.58, for a total value of $7,358,799.78. Following the completion of the sale, the chief executive officer owned 1,340,456 shares of the company’s stock, valued at approximately $128,120,784.48. This represents a 5.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Stewart R. Massey sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $88.22, for a total transaction of $882,200.00. Following the completion of the sale, the director directly owned 29,205 shares of the company’s stock, valued at $2,576,465.10. This represents a 25.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 526,051 shares of company stock worth $48,272,557. Company insiders own 11.80% of the company’s stock.
Key Innodata News
Here are the key news stories impacting Innodata this week:
- Positive Sentiment: Recent commentary says Innodata’s first-quarter results and raised guidance triggered a major momentum surge, reinforcing the company’s AI/data infrastructure growth story. Benzinga article
- Positive Sentiment: Wedbush raised its price target on Innodata to $100 and kept an outperform rating, which supports the bullish case after the strong earnings release.
- Positive Sentiment: Multiple articles continue to frame INOD as an AI data-center play, helping sustain investor enthusiasm around the stock’s long-term growth narrative. Yahoo Finance article
- Neutral Sentiment: Maxim Group cut several earnings estimates for 2026-2027, but its revised numbers still indicate solid growth, leaving the valuation debate unresolved.
- Negative Sentiment: Director Louise C. Forlenza sold 30,000 shares, and COO Ashok Mishra sold 242,901 shares, signaling meaningful insider selling after the stock’s big run. InsiderTrades article
- Negative Sentiment: Another director, Stewart R. Massey, sold 10,000 shares, adding to concerns that insiders may be locking in gains. InsiderTrades article
- Negative Sentiment: Reports of heavy put-option buying suggest some traders are hedging against downside after INOD’s rapid post-earnings rally. American Banking News article
Analyst Upgrades and Downgrades
A number of research firms have commented on INOD. BWS Financial reiterated 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 research report on Friday, April 10th. Wall Street Zen upgraded Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Wedbush lifted their price objective on Innodata from $80.00 to $100.00 and gave the stock an “outperform” rating in a research 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.com, Innodata has an average rating of “Moderate Buy” and an average target price of $105.00.
View Our Latest Stock Analysis on INOD
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.
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