Innodata CEO Jack Abuhoff Sells $22 Million in Shares
Jack Abuhoff sold 200,000 shares of Innodata at $110.20 each, totaling $22 million.
Key Points
- Jack Abuhoff, CEO of Innodata, sold 200,000 shares on June 16, 2026, at an average price of $110.20, totaling $22 million.
- Innodata has a market cap of $3.25 billion, a P/E ratio of 88.98, and a 52-week high of $125.14.
- Analysts maintain a strong buy rating with a mean price target of $105.25, reflecting positive expectations.
Innodata Inc. (NasdaqGM: INOD) saw a significant insider transaction as CEO Jack Abuhoff sold 200,000 shares on June 16, 2026. The shares were sold at an average price of $110.20, amounting to a total value of approximately $22 million. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at Innodata Inc.
Jack Abuhoff, the CEO of Innodata, executed a substantial sale of 200,000 shares on June 16, 2026, at an average price of $110.20 each. The total value of this transaction was about $22 million. Additionally, on June 15, 2026, Abuhoff also sold 94,059 shares at $105.70 each. These transactions were not conducted under a Rule 10b5-1 plan.
Other Institutional Activity in Innodata
Several institutional investors adjusted their positions in Innodata recently. BlackRock, Inc. trimmed its holdings by 27,148 shares, ending with 2,391,220 shares valued at about $92.3 million. Vanguard Capital Management LLC added 1,344,863 shares, bringing its total to 1,344,863 shares worth approximately $51.9 million. Geode Capital Management, LLC increased its stake by 24,499 shares, resulting in 777,294 shares valued at $30 million. Wellington Management Group LLP boosted its position by 71,250 shares, totaling 643,237 shares valued at $24.8 million. Dimensional Fund Advisors LP significantly increased its holdings by 142,192 shares, ending with 583,239 shares worth $22.5 million.
Innodata Stock Snapshot
Shares of Innodata (NasdaqGM: INOD) traded near $109.71. The company has a market capitalization of approximately $3.25 billion and a P/E ratio of 88.98. Innodata's stock has a 52-week low of $34.23 and a high of $125.14. The 50-day moving average is $72.20, while the 200-day moving average is $61.35. The company's beta is 2.835, indicating higher volatility compared to the market.
Analysts Set New Price Targets
Analysts remain optimistic about Innodata's prospects. On June 4, 2026, Wedbush maintained its buy rating with a price target of $120. The consensus among analysts is a strong buy, with a mean price target of $105.25 based on four opinions.
About Innodata
Innodata Inc. is a technology company specializing in data engineering services. Based in Ridgefield Park, New Jersey, it operates through segments like Digital Data Solutions, Synodex, and Agility. The company provides AI training data, transforms medical records for insurance, and offers AI-driven media intelligence solutions. Innodata serves various sectors, including banking, insurance, and technology.
Bottom Line
Innodata's CEO Jack Abuhoff's recent share sale was notable, but it comes amid strong analyst support, suggesting continued confidence in the company's prospects. Investors should remember that insider transactions can occur for various reasons and do not necessarily indicate future stock performance. Analyst ratings remain favorable, with a strong buy consensus.
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.