Jack Abuhoff Sells 200,000 Shares of Innodata (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INODGet Free Report) CEO Jack Abuhoff sold 200,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $110.20, for a total value of $22,040,000.00. Following the sale, the chief executive officer directly owned 1,340,456 shares of the company’s stock, valued at $147,718,251.20. This represents a 12.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Monday, June 15th, Jack Abuhoff sold 94,059 shares of Innodata stock. The shares were sold at an average price of $105.70, for a total value of $9,942,036.30.
  • On Friday, May 29th, Jack Abuhoff sold 105,586 shares of Innodata stock. The shares were sold at an average price of $103.50, for a total value of $10,928,151.00.
  • On Friday, May 22nd, Jack Abuhoff sold 38,056 shares of Innodata stock. The shares were sold at an average price of $100.39, for a total value of $3,820,441.84.
  • On Wednesday, May 20th, Jack Abuhoff sold 150,000 shares of Innodata stock. The stock was sold at an average price of $93.46, for a total value of $14,019,000.00.
  • 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 shares were 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 shares were 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 shares were 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 value 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 value of $8,613,807.40.

Innodata Stock Performance

INOD traded up $7.76 during trading hours on Tuesday, reaching $107.42. The company’s stock had a trading volume of 2,292,299 shares, compared to its average volume of 1,669,499. Innodata Inc. has a 52 week low of $34.23 and a 52 week high of $125.14. The company’s 50-day moving average is $74.46 and its 200-day moving average is $59.08. 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 firm has a market cap of $3.51 billion, a PE ratio of 96.77 and a beta of 2.83.

Innodata (NASDAQ:INODGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.34. The business had revenue of $90.10 million for the quarter, compared to analysts’ expectations of $76.47 million. Innodata had a return on equity of 37.49% and a net margin of 13.86%.The firm’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 EPS. On average, equities analysts forecast that Innodata Inc. will post 1.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on INOD. Wedbush raised their price target on Innodata from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, June 4th. BWS Financial restated a “buy” rating on shares of Innodata in a research report on Monday. Weiss Ratings upgraded Innodata from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen upgraded Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

Read Our Latest Stock Analysis on INOD

Institutional Trading of Innodata

A number of hedge funds have recently made changes to their positions in INOD. Northwestern Mutual Wealth Management Co. bought a new position in shares of Innodata during the fourth quarter worth about $26,000. Farther Finance Advisors LLC increased its holdings in Innodata by 506.0% in the fourth quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock worth $41,000 after purchasing an additional 673 shares in the last quarter. Fifth Third Bancorp bought a new stake in Innodata in the first quarter worth approximately $45,000. IFP Advisors Inc increased its holdings in Innodata by 1,567.5% in the third quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock worth $51,000 after purchasing an additional 627 shares in the last quarter. Finally, Leonteq Securities AG bought a new stake in Innodata in the fourth quarter worth approximately $51,000. 30.75% of the stock is owned by institutional investors and hedge funds.

About Innodata

(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.

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