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Nauman Toor, a director at Innodata Inc. (NASDAQ:INOD), executed significant stock sales on February 26, 2025, according to a recent SEC filing. Toor sold a total of 196,777 shares of Innodata common stock, generating approximately $12.67 million. The transactions were conducted at prices ranging from $64.33 to $65.25 per share. The sales come amid Innodata’s remarkable performance, with the stock delivering a 720% return over the past year and the company achieving a market capitalization of $2.01 billion. According to InvestingPro analysis, the stock is currently trading above its Fair Value, with analysts setting price targets between $72-75.
Following these sales, Toor retains 12,417 shares, which include restricted stock units scheduled to vest on June 5, 2025, or at the company’s 2025 annual meeting, whichever comes first. These transactions were part of a portfolio diversification strategy, as noted in the filing. InvestingPro data shows the company maintains strong financial health with a "GREAT" overall score, holding more cash than debt and demonstrating solid liquidity metrics. Discover 20+ additional exclusive insights about INOD with an InvestingPro subscription.
In other recent news, Innodata Inc. has reported strong financial results for the fourth quarter of 2024, with earnings per share reaching $0.34, surpassing the forecasted $0.21. The company also reported revenue of $59.2 million, exceeding the expected $52.98 million, marking a 127% year-over-year increase. This robust performance has led BWS Financial to raise its price target for Innodata shares to $74, up from $45, while maintaining a Buy rating. Analysts at BWS Financial are optimistic about Innodata’s strategic direction, noting the company’s projection of at least 40% revenue growth by 2025. The firm’s analysts highlighted Innodata’s strategic investments in expanding its workforce, which are expected to help secure more projects and align with its ambitious revenue targets. The company’s full-year revenue for 2024 reached $170.5 million, a 96% increase from the previous year, further supporting its growth trajectory. Innodata’s strong quarter and promising revenue forecast have resonated positively with investors, as reflected in the aftermarket trading. The company’s focus on AI and data engineering continues to drive its success, positioning it well within the competitive AI services sector.
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