Jack Abuhoff Sells 150,000 Shares of Innodata (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INODGet Free Report) CEO Jack Abuhoff sold 150,000 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $94.39, for a total transaction of $14,158,500.00. Following the completion of the sale, the chief executive officer owned 1,340,456 shares of the company’s stock, valued at $126,525,641.84. This trade represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • 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 transaction 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 transaction of $7,358,799.78.
  • On Tuesday, May 12th, Jack Abuhoff sold 71,699 shares of Innodata stock. The stock was 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 stock was sold at an average price of $91.19, for a total transaction of $8,613,807.40.

Innodata Price Performance

Innodata stock opened at $88.19 on Wednesday. Innodata Inc. has a 12-month low of $33.77 and a 12-month high of $114.77. The stock has a market cap of $2.88 billion, a P/E ratio of 79.45 and a beta of 2.40. The company has a 50-day moving average price of $50.32 and a 200 day moving average price of $53.29. 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 (NASDAQ:INODGet Free Report) last released 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 net margin of 13.86% and a return on equity of 37.49%. The firm had revenue of $90.10 million during the quarter, compared to analysts’ expectations of $76.47 million. During the same period last year, the business earned $0.22 earnings per share. Innodata’s revenue was up 54.5% compared to the same quarter last year. Sell-side analysts anticipate that Innodata Inc. will post 0.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. BWS Financial reiterated a “top pick” rating and set a $110.00 price target on shares of Innodata in a research report on Friday, April 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Innodata in a research report on Friday, April 10th. 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 given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.00.

View Our Latest Stock Report on INOD

Institutional Investors Weigh In On Innodata

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Innodata by 0.8% during the third quarter. Vanguard Group Inc. now owns 1,840,491 shares of the technology company’s stock valued at $141,847,000 after acquiring an additional 15,036 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Innodata by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 752,795 shares of the technology company’s stock valued at $38,362,000 after acquiring an additional 2,407 shares during the last quarter. State Street Corp increased its position in shares of Innodata by 2.8% during the fourth quarter. State Street Corp now owns 711,180 shares of the technology company’s stock valued at $36,235,000 after acquiring an additional 19,484 shares during the last quarter. Dimensional Fund Advisors LP increased its position 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 acquiring an additional 142,192 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Innodata by 8.1% in the fourth quarter. Wellington Management Group LLP now owns 571,987 shares of the technology company’s stock valued at $29,143,000 after purchasing an additional 42,847 shares during the period. 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.

Further Reading

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.