Innodata CEO Jack Abuhoff Buys Shares of INOD
CEO Jack Abuhoff made a significant purchase of Innodata shares.
Key Points
- Jack Abuhoff, CEO of Innodata Inc., purchased 200,000 shares of INOD at $1.96 each on June 16, 2026.
- Innodata, with a market cap of $3.25 billion, trades with a P/E ratio of 89 and a beta of 2.84.
- BlackRock reduced its stake in Innodata, while Geode Capital increased its holdings by 24,499 shares.
On June 16, 2026, Jack Abuhoff, the CEO of Innodata Inc. (NasdaqGM: INOD), bought 200,000 shares of the company at an average price of $1.96 per share. This transaction, not part of a pre-planned trading program, totaled approximately $391,100.
Insider Buying and Selling at Innodata Inc.
Jack Abuhoff, who leads Innodata, was active in the market on June 16, 2026. He purchased 200,000 shares at $1.96 each. This follows his sale of 200,000 shares at approximately $110.20 each on the same day. On June 15, he also bought and sold 94,059 shares, with purchase prices at $3.41 and selling at $105.70.
Other Institutional Activity in Innodata
Among Innodata's institutional investors, BlackRock, Inc. trimmed its holdings by 27,148 shares, leaving it with 2,391,220 shares valued at about $92.35 million. Meanwhile, Geode Capital Management, LLC increased its position by 24,499 shares, bringing its total to 777,294 shares worth approximately $30.03 million. Wellington Management Group LLP also expanded its stake, adding 71,250 shares to hold 643,237 shares valued at around $24.84 million.
Innodata Stock Snapshot
Shares of Innodata Inc. are trading near $109.71. The company boasts a market capitalization of approximately $3.25 billion and trades with a P/E ratio of about 89. Its forward P/E is 49.83, and it has a beta of 2.84, indicating higher volatility compared to the market. The stock's 52-week range has been between $34.23 and $125.14, with moving averages of $72.20 over 50 days and $61.35 over 200 days.
Analysts Set New Price Targets
On June 4, 2026, Wedbush maintained its 'buy' rating for Innodata, setting a price target of $120. Analysts generally have a strong buy consensus on the stock, with a mean target price of $105.25 based on four opinions.
About Innodata
Innodata Inc. is a technology company based in Ridgefield Park, New Jersey. It specializes in data engineering, offering services like AI training and model deployment through its Digital Data Solutions segment. The company also provides platforms for medical data structuring and media intelligence. Innodata serves sectors such as banking, insurance, and digital retailing, employing over 10,000 people worldwide.
Bottom Line
Innodata's CEO, Jack Abuhoff, made a notable purchase of company shares, reflecting his confidence in the business. While insider transactions can draw attention, they are just one factor investors consider. Innodata's stock performance remains strong, backed by positive analyst ratings and a robust market presence in the technology sector.
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.