Innodata (NASDAQ:INOD) Shares Up 6.7% Following Analyst Upgrade

Posted by Geri Gentry on May 15th, 2026

Innodata Inc. (NASDAQ:INOD – Get Free Report) shares shot up 6.7% during trading on Friday after Wedbush raised their price target on the stock from $80.00 to $100.00. Wedbush currently has an outperform rating on the stock. Innodata traded as high as $95.66 and last traded at $96.1510. 1,385,835 shares were traded during mid-day trading, a decline of 11% from the average session volume of 1,556,467 shares. The stock had previously closed at $90.15.

Other analysts have also issued reports about the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Innodata in a research report on Friday, April 10th. BWS Financial reiterated a “top pick” rating and set a $110.00 target price 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 analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Innodata has an average rating of “Moderate Buy” and an average target price of $105.00.

Get Our Latest Stock Analysis on INOD

Insider Buying and Selling at Innodata

In related news, Director Stewart R. Massey sold 10,000 shares of the stock in a transaction on 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 owned 29,205 shares in the company, valued at $2,576,465.10. This represents a 25.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Louise C. Forlenza sold 30,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was 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 owned 3,943 shares of the company’s stock, valued at $350,374.98. This trade represents a 88.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 526,051 shares of company stock worth $48,272,557 in the last quarter. 11.80% of the stock is currently owned by company insiders.

Key Innodata News

Here are the key news stories impacting Innodata this week:

Positive Sentiment: Wedbush raised its price target on Innodata to $100 from $80 and kept an outperform rating, reinforcing optimism after the company’s blowout quarter. Article Title
Positive Sentiment: Recent coverage continues to highlight Innodata’s strong Q1 results, with revenue up 54.5% year over year and earnings far above expectations, which supports the stock’s strong post-earnings momentum. Article Title
Neutral Sentiment: One article argued that Innodata’s recent earnings may still be conservative, which supports the growth narrative but does not add a new immediate catalyst. Article Title
Negative Sentiment: CEO Jack Abuhoff, COO Ashok Mishra, and directors Stewart Massey and Louise C. Forlenza all sold shares over the past several days, with total insider selling exceeding $24 million, which may make investors cautious after the sharp rally. Article Title
Negative Sentiment: The concentration of insider selling could be seen as profit-taking after INOD’s big move, creating some downside pressure even though the company’s operating performance remains strong.

Institutional Trading of Innodata

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Innodata in the fourth quarter valued at about $26,000. Global Retirement Partners LLC purchased a new position in Innodata during the 3rd quarter valued at about $50,000. IFP Advisors Inc increased its holdings in Innodata by 1,567.5% during 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 in the last quarter. Goodman Advisory Group LLC purchased a new position in Innodata during the 3rd quarter valued at about $52,000. Finally, Hollencrest Capital Management purchased a new position in Innodata during the 3rd quarter valued at about $60,000. Institutional investors and hedge funds own 30.75% of the company’s stock.

Innodata Price Performance

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 fifty day simple moving average is $47.42 and its two-hundred day simple moving average is $52.97. The stock has a market capitalization of $3.14 billion, a PE ratio of 86.56 and a beta of 2.40.

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, beating the consensus estimate of $0.08 by $0.34. The firm had revenue of $90.10 million during 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 firm’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same period last year, the firm posted $0.22 EPS. As a group, sell-side analysts predict that Innodata Inc. will post 0.99 EPS for the current year.

About Innodata

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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.