Innodata (NASDAQ:INOD) CEO Sells $14,019,000.00 in Stock

Innodata Inc. (NASDAQ:INODGet Free Report) CEO Jack Abuhoff sold 150,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $93.46, for a total value of $14,019,000.00. Following the sale, the chief executive officer owned 1,340,456 shares in the company, valued at approximately $125,279,017.76. This trade represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, May 19th, Jack Abuhoff sold 2,800 shares of Innodata stock. The stock was 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 stock was sold at an average price of $94.39, for a total value 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 stock was 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 Trading Up 7.4%

INOD stock traded up $6.52 during trading on Wednesday, hitting $94.71. The company had a trading volume of 1,921,092 shares, compared to its average volume of 2,992,375. The firm has a 50-day moving average price of $51.30 and a 200-day moving average price of $53.43. Innodata Inc. has a 12 month low of $33.77 and a 12 month high of $114.77. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 85.32 and a beta of 2.40.

Innodata (NASDAQ:INODGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $90.10 million for the quarter, compared to the consensus estimate of $76.47 million. During the same quarter in the prior year, the business earned $0.22 EPS. The business’s revenue for the quarter was up 54.5% compared to the same quarter last year. As a group, analysts predict that Innodata Inc. will post 0.99 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on INOD shares. Wall Street Zen raised Innodata from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Wedbush upped their price objective on Innodata from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Weiss Ratings downgraded Innodata from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Finally, BWS Financial reaffirmed a “top pick” rating and set a $110.00 price objective on shares of Innodata in a report on Friday, April 10th. One 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 stock. According to data from MarketBeat.com, Innodata presently has an average rating of “Moderate Buy” and a consensus price target of $105.00.

Get Our Latest Analysis on INOD

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Innodata in the 3rd quarter valued at $4,876,000. RFG Advisory LLC acquired a new position in shares of Innodata in the 4th quarter valued at $5,750,000. WINTON GROUP Ltd acquired a new position in shares of Innodata in the 3rd quarter valued at $1,834,000. Penserra Capital Management LLC acquired a new stake in Innodata during the 3rd quarter worth $3,877,000. Finally, UBS Group AG raised its stake in Innodata by 37.1% during the 4th quarter. UBS Group AG now owns 350,928 shares of the technology company’s stock worth $17,880,000 after buying an additional 95,002 shares during the period. Institutional investors and hedge funds own 30.75% of the company’s stock.

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.

Read More

Insider Buying and Selling by Quarter for Innodata (NASDAQ:INOD)

Receive News & Ratings for Innodata Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innodata and related companies with MarketBeat.com's FREE daily email newsletter.