Innodata (NASDAQ:INOD) Trading Up 9.4% After Analyst Upgrade

Posted by Stanley Muller on Jun 16th, 2026

Innodata Inc. (NASDAQ:INOD – Get Free Report)’s share price traded up 9.4% during trading on Tuesday after BWS Financial raised their price target on the stock from $110.00 to $140.00. BWS Financial currently has a top pick rating on the stock. Innodata traded as high as $108.00 and last traded at $109.0730. 303,482 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 1,589,834 shares. The stock had previously closed at $99.66.

INOD has been the topic of a number of other research reports. Wedbush lifted their target price on shares of Innodata from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, June 4th. Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Weiss Ratings raised shares of Innodata from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $130.00.

Read Our Latest Stock Analysis on INOD

Insider Transactions at Innodata

In related news, Director Louise C. Forlenza sold 18,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $94.47, for a total transaction of $1,700,460.00. Following the completion of the transaction, the director owned 3,943 shares of the company’s stock, valued at approximately $372,495.21. The trade was a 82.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Ashok Mishra sold 38,666 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $114.34, for a total transaction of $4,421,070.44. Following the transaction, the chief operating officer owned 83,179 shares of the company’s stock, valued at approximately $9,510,686.86. This represents a 31.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,178,826 shares of company stock valued at $112,016,456 over the last 90 days. Company insiders own 11.80% of the company’s stock.

Hedge Funds Weigh In On Innodata

Several hedge funds have recently added to or reduced their stakes in INOD. Rathbones Group PLC raised its stake in Innodata by 20.8% during the 1st quarter. Rathbones Group PLC now owns 144,247 shares of the technology company’s stock worth $5,571,000 after buying an additional 24,837 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Innodata by 7.7% during the first quarter. NewEdge Advisors LLC now owns 14,292 shares of the technology company’s stock worth $552,000 after acquiring an additional 1,023 shares during the period. Glenmede Trust Co. NA grew its stake in shares of Innodata by 3.5% in the first quarter. Glenmede Trust Co. NA now owns 7,336 shares of the technology company’s stock valued at $283,000 after acquiring an additional 248 shares in the last quarter. Bank of America Corp DE grew its position in Innodata by 156.3% during the first quarter. Bank of America Corp DE now owns 102,268 shares of the technology company’s stock worth $3,950,000 after buying an additional 62,361 shares in the last quarter. Finally, H&H International Investment LLC bought a new stake in shares of Innodata during the 1st quarter valued at $386,000. Institutional investors and hedge funds own 30.75% of the company’s stock.

Innodata Price Performance

The company’s 50-day moving average is $73.08 and its two-hundred day moving average is $58.73. The firm has a market cap of $3.59 billion, a P/E ratio of 96.70 and a beta of 2.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 2.49.

Innodata (NASDAQ:INOD – Get Free Report) last announced its quarterly earnings results 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. The company 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 company’s revenue for the quarter was up 54.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 earnings per share. Sell-side analysts anticipate that Innodata Inc. will post 1.14 EPS for the current fiscal year.

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.