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Marissa Espineli, the Interim Chief Financial Officer of Innodata Inc. (NASDAQ:INOD), recently sold a significant portion of her holdings in the company. The transaction comes as Innodata’s stock has shown remarkable performance, with a 750% return over the past year and the company maintaining a "GREAT" financial health score according to InvestingPro analysis. According to a filing with the Securities and Exchange Commission, Espineli sold 30,000 shares of Innodata’s common stock on February 26, 2025, at a weighted average price of $65.09 per share. This transaction brought in approximately $1.95 million. The sale occurred with the stock trading at relatively high valuation multiples, as indicated by its P/E ratio of 54.4 and current market capitalization of $2.01 billion.
In addition to the sale, Espineli exercised stock options to acquire 30,000 shares at a price of $1.11 each. Following these transactions, Espineli holds 18,000 shares of Innodata, which include restricted stock units scheduled to vest in equal parts over the next three years.
The sale was part of Espineli’s financial planning strategy, aimed at retirement and portfolio diversification.
In other recent news, Innodata Inc. reported impressive financial results for the fourth quarter of 2024, surpassing analyst expectations. The company achieved earnings per share of $0.34, significantly higher than the projected $0.21, and reported revenue of $59.2 million, exceeding the anticipated $52.98 million. This strong performance led BWS Financial to raise its price target for Innodata shares from $45 to $74, maintaining a Buy rating. Analysts at BWS Financial were particularly encouraged by Innodata’s projection of at least a 40% revenue increase by 2025 and the strategic investments in workforce expansion to secure more projects. The company’s full-year revenue for 2024 reached $170.5 million, marking a 96% increase from the previous year. Innodata’s strategic focus on AI and data engineering has been a key factor in its growth, with the company planning to reinvest operating cash flow to support expansion. The firm’s commitment to AI services and data engineering positions it well for future growth, as noted by analysts.
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