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Ashok Mishra, the Executive Vice President and Chief Operating Officer of Innodata Inc. (NASDAQ:INOD), executed a significant stock transaction on February 26, 2025. The timing is notable as Innodata’s stock has shown remarkable performance, delivering a nearly 600% return over the past year and currently trading near its 52-week high of $71. Mishra sold 48,650 shares of Innodata common stock at an average price of $65.07 per share, generating a total of approximately $3.17 million. The sale was part of Mishra’s personal investment and financial planning, including retirement and portfolio diversification. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with a P/E ratio of 54.4x and strong momentum scores.
In addition to the sale, Mishra exercised options to acquire 48,650 shares at $3.41 each, totaling approximately $165,896. Following these transactions, Mishra holds 60,000 shares, which include restricted stock units set to vest in installments through 2027. The company maintains strong financial health with a current ratio of 2.05 and more cash than debt on its balance sheet. For deeper insights into Innodata’s valuation and 22 additional exclusive ProTips, visit InvestingPro.
In other recent news, Innodata Inc. reported strong financial results for the fourth quarter of 2024, surpassing analyst expectations. The company achieved earnings per share of $0.34, significantly beating the forecasted $0.21, while revenue reached $59.2 million, exceeding the expected $52.98 million. This robust performance led BWS Financial to raise its price target for Innodata shares to $74 from $45, maintaining a Buy rating on the stock. Innodata’s revenue for the full year 2024 was $170.5 million, marking a 96% increase from the previous year, with an adjusted EBITDA of $14.1 million for the quarter, representing 23.9% of revenue. The company projects over 40% revenue growth in 2025, driven by strategic investments in AI and data engineering. BWS Financial’s analysts were particularly impressed by Innodata’s strategic workforce expansion and its ambitious revenue targets, aiming to surpass $300 million by 2026. The company’s year-end cash position improved significantly to $46.9 million from $13.8 million in 2023. These developments have contributed to a positive outlook for Innodata’s growth trajectory and market positioning.
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