Innodata CEO Jack Abuhoff Buys Shares of INOD
CEO Jack Abuhoff purchased 94,059 shares of Innodata at $3.41 each.
Key Points
- Jack Abuhoff, CEO of Innodata Inc. (NasdaqGM: INOD), bought 94,059 shares at $3.41 each, totaling $320,741.19 on June 15, 2026.
- Innodata trades at $109.71 with a market cap of $3.25 billion and a P/E ratio of 88.98.
- BlackRock, Vanguard, and Geode Capital adjusted their holdings in Innodata, showing varied institutional interest.
CEO Jack Abuhoff of Innodata Inc. made a significant purchase of company stock on June 15, 2026. Abuhoff bought 94,059 shares at $3.41 each, with the transaction totaling $320,741.19. This move was not part of a pre-planned trading program.
Insider Buying and Selling at Innodata Inc.
Jack Abuhoff, the CEO of Innodata, was active in trading the company's stock recently. On June 15, 2026, he bought 94,059 shares at an average price of $3.41, amounting to $320,741.19. The following day, he executed several transactions, including the sale of 200,000 shares at $110.20 each.
Other Institutional Activity in Innodata
In recent institutional activity, BlackRock, Inc. trimmed its holdings in Innodata by 27,148 shares, ending with 2,391,220 shares valued at approximately $92.3 million. Vanguard Capital Management LLC acquired 1,344,863 shares, bringing its total to the same amount, valued at $51.9 million. Geode Capital Management, LLC increased its stake by 24,499 shares, totaling 777,294 shares worth about $30 million.
Innodata Stock Snapshot
Shares of Innodata Inc. (NasdaqGM: INOD) are trading near $109.71. The company has a market cap of approximately $3.25 billion and a P/E ratio of 88.98. It has a 52-week low of $34.23 and a high of $125.14, with a 50-day moving average of $72.20 and a 200-day moving average of $61.35. The stock has a beta of 2.835, indicating higher volatility compared to the market.
Recent Earnings
Innodata reported revenues of $283.4 million, with a robust growth rate of 54.4%. The company achieved a net margin of 13.86% and a return on equity of 38.6%. Earnings per share stood at $1.12. The next earnings report is expected on July 30, 2026.
Analysts Set New Price Targets
Analysts have been active in adjusting their targets for Innodata. On June 4, 2026, Wedbush maintained a 'buy' rating with a target price of $120. Previously, on January 5, 2026, BWS Financial also maintained a 'buy' rating with a $110 target. The consensus among four analysts is a 'strong buy' with a mean target price of $105.25.
About Innodata Inc.
Innodata Inc. is a technology company based in Ridgefield Park, New Jersey. It operates through three segments: Digital Data Solutions, Synodex, and Agility. The company provides AI training data, model evaluation, and AI-enabled platforms. It also offers a platform for transforming medical records into digital data and a media intelligence platform. Innodata serves sectors like banking, insurance, and technology with a workforce of over 10,000 employees.
Bottom Line
Innodata Inc. has seen notable insider activity with CEO Jack Abuhoff purchasing shares, indicating his confidence in the company's prospects. The stock is trading at a high valuation, reflecting its growth potential in the AI and data services industry. Institutional investors are also making strategic adjustments to their holdings, showing varied interest in the company's future performance.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.
