Insider Selling: Innodata (NASDAQ:INOD) Director Sells 10,000 Shares of Stock

Posted by Francis Steltz on May 14th, 2026

Innodata Inc. (NASDAQ:INOD – Get Free Report) Director Stewart Massey sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $88.22, for a total transaction of $882,200.00. Following the transaction, the director owned 29,205 shares in the company, valued at approximately $2,576,465.10. This trade represents a 25.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Innodata Stock Performance

INOD stock traded up $0.20 on Thursday, hitting $90.15. The company’s stock had a trading volume of 2,785,463 shares, compared to its average volume of 1,558,694. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 81.22 and a beta of 2.40. The firm has a 50 day moving average of $46.49 and a two-hundred day moving average of $52.87. 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 Inc. has a 1 year low of $33.44 and a 1 year high of $114.77.

Innodata (NASDAQ:INOD – Get Free Report) last issued 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 company had revenue of $90.10 million for the quarter, compared to the consensus estimate of $76.47 million. During the same period last year, the firm posted $0.22 EPS. Innodata’s revenue for the quarter was up 54.5% on a year-over-year basis. Equities analysts predict that Innodata Inc. will post 0.99 EPS for the current fiscal year.

Key Headlines Impacting Innodata

Here are the key news stories impacting Innodata this week:

Positive Sentiment: Wedbush raised its price target on Innodata and kept an outperform rating, signaling that Wall Street still sees upside after the post-earnings rally.
Positive Sentiment: Recent coverage highlights that Innodata’s Q1 results were strong enough to fuel a sharp momentum move, with investors increasingly viewing the company as an AI data-center and data-engineering beneficiary.
Positive Sentiment: One article argues Innodata’s healthy earnings may actually be conservative, suggesting analysts and investors may still be underestimating the company’s growth potential. Yahoo Finance article
Neutral Sentiment: Maxim Group lowered several forward EPS estimates, which introduces some caution around the longer-term earnings path, even though the stock’s recent gains remain driven by strong current fundamentals.
Negative Sentiment: Heavy insider selling by Director Louise C. Forlenza and COO Ashok Mishra may pressure sentiment, since the combined sales topped $24 million and came after a large run-up in the stock.
Negative Sentiment: Reports of unusual put-option buying suggest some traders are hedging against a pullback after the big post-earnings move.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in Innodata in the fourth quarter valued at about $26,000. Farther Finance Advisors LLC raised its stake in shares of Innodata by 506.0% during the 4th quarter. Farther Finance Advisors LLC now owns 806 shares of the technology company’s stock worth $41,000 after buying an additional 673 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of Innodata during the 1st quarter worth approximately $45,000. Global Retirement Partners LLC acquired a new stake in shares of Innodata in the 3rd quarter valued at approximately $50,000. Finally, IFP Advisors Inc lifted its holdings in shares of Innodata by 1,567.5% in the 3rd quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock valued at $51,000 after buying an additional 627 shares during the period. 30.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INOD has been the subject of several analyst reports. Wall Street Zen raised Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Innodata in a report on Friday, April 10th. BWS Financial restated a “top pick” rating and set a $110.00 price target on shares of Innodata in a research note on Friday, April 10th. Finally, Wedbush increased their price target on Innodata from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $105.00.

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Innodata Company Profile

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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.