Jack Abuhoff Sells 94,059 Shares of Innodata (NASDAQ:INOD) Stock

Innodata Inc. (NASDAQ:INODGet Free Report) CEO Jack Abuhoff sold 94,059 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $105.70, for a total value of $9,942,036.30. Following the transaction, the chief executive officer owned 1,340,456 shares in the company, valued at approximately $141,686,199.20. This represents a 6.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Tuesday, June 16th, Jack Abuhoff sold 200,000 shares of Innodata stock. The shares were sold at an average price of $110.20, for a total value of $22,040,000.00.
  • 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 shares were 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 shares were 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 stock was sold at an average price of $91.19, for a total value of $8,613,807.40.

Innodata Stock Down 4.6%

INOD stock opened at $102.52 on Thursday. Innodata Inc. has a fifty-two week low of $34.23 and a fifty-two week high of $125.14. The business’s 50 day moving average price is $75.73 and its two-hundred day moving average price is $59.40. 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 has a market capitalization of $3.35 billion, a price-to-earnings ratio of 92.36 and a beta of 2.83.

Innodata (NASDAQ:INODGet Free Report) last posted its earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates 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% on a year-over-year basis. As a group, analysts forecast that Innodata Inc. will post 1.14 earnings per share for the current fiscal year.

Institutional Trading of Innodata

A number of hedge funds have recently made changes to their positions in the stock. Glenmede Trust Co. NA boosted its position in shares of Innodata by 3.5% in the 1st quarter. Glenmede Trust Co. NA now owns 7,336 shares of the technology company’s stock worth $283,000 after purchasing an additional 248 shares in the last quarter. Prosperity Wealth Management Inc. boosted its position in shares of Innodata by 4.0% in the 3rd quarter. Prosperity Wealth Management Inc. now owns 10,500 shares of the technology company’s stock worth $809,000 after purchasing an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Innodata by 5.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,703 shares of the technology company’s stock worth $392,000 after purchasing an additional 418 shares in the last quarter. Texas Yale Capital Corp. boosted its position in shares of Innodata by 5.5% in the 4th quarter. Texas Yale Capital Corp. now owns 8,440 shares of the technology company’s stock worth $430,000 after purchasing an additional 440 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Innodata by 74.8% in the 4th quarter. IFP Advisors Inc now owns 1,166 shares of the technology company’s stock worth $59,000 after purchasing an additional 499 shares in the last quarter. 30.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on INOD

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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