Royal Bank of Canada Has $6.53 Million Holdings in Innodata Inc. $INOD

Royal Bank of Canada grew its position in Innodata Inc. (NASDAQ:INOD) by 16.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 169,054 shares of the technology company’s stock after acquiring an additional 24,216 shares during the period. Royal Bank of Canada owned 0.52% of Innodata worth $6,528,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of INOD. Prosperity Wealth Management Inc. grew its position in Innodata by 4.0% during the 3rd quarter. Prosperity Wealth Management Inc. now owns 10,500 shares of the technology company’s stock worth $809,000 after acquiring an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Innodata by 5.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,703 shares of the technology company’s stock valued at $392,000 after purchasing an additional 418 shares during the last quarter. Texas Yale Capital Corp. boosted its stake in shares of Innodata by 5.5% during the fourth quarter. Texas Yale Capital Corp. now owns 8,440 shares of the technology company’s stock valued at $430,000 after purchasing an additional 440 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Innodata by 74.8% during the fourth quarter. IFP Advisors Inc now owns 1,166 shares of the technology company’s stock valued at $59,000 after purchasing an additional 499 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Innodata during the fourth quarter valued at about $26,000. Institutional investors and hedge funds own 30.75% of the company’s stock.

Key Innodata News

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Maxim Group raised its earnings forecasts across multiple periods. The firm increased its FY2026 EPS estimate to $1.32 from $1.02 and its FY2027 estimate to $1.41 from $1.32. It also raised estimates for Q3 and Q4 2026 and each quarter of 2027, signaling stronger expected operating momentum. MarketBeat Innodata analyst estimates
• Positive Sentiment: Growth-focused commentary is reinforcing the bullish case. Zacks highlighted Innodata’s solid growth characteristics, while a separate Zacks article pointed to accelerating AI-related demand, strong second-quarter results, customer diversification and new solutions as drivers of its longer-term potential. Zacks growth analysis Zacks AI solutions analysis
• Positive Sentiment: BWS Financial reiterated its “Top Pick” rating. The continued endorsement adds to the favorable analyst backdrop for Innodata, particularly as investors focus on the company’s AI and data-services growth opportunities. BWS Financial Top Pick rating
• Neutral Sentiment: Short-interest data offers little actionable information. The report lists August short interest at zero shares, unchanged from the prior period, with a zero-day days-to-cover ratio. Because the figures appear inconsistent with the description of a “significant increase,” investors should treat this data cautiously.
• Negative Sentiment: Valuation and volatility could limit further gains. Innodata trades at a high earnings multiple, and its beta of 2.92 indicates substantial sensitivity to market and AI-sector sentiment. The stock is also well below its 12-month high, underscoring the risk of sharp price swings.

Insider Buying and Selling

In related news, CEO Jack Abuhoff sold 200,000 shares of Innodata stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $110.20, for a total transaction of $22,040,000.00. Following the completion of the transaction, the chief executive officer owned 1,340,456 shares of the company’s stock, valued at $147,718,251.20. This trade represents a 12.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marissa B. Espineli sold 19,667 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $105.88, for a total transaction of $2,082,341.96. Following the completion of the transaction, the chief financial officer owned 28,014 shares in the company, valued at approximately $2,966,122.32. The trade was a 41.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,023,825 shares of company stock valued at $103,084,735 over the last quarter. Insiders own 11.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on INOD shares. Weiss Ratings lowered shares of Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 31st. BWS Financial reaffirmed a “top pick” rating and set a $140.00 price target on shares of Innodata in a research note on Friday, August 7th. Wedbush lifted their price target on shares of Innodata from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, June 4th. Finally, Zacks Research raised shares of Innodata from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $130.00.

Innodata Stock Performance

Shares of INOD stock opened at $62.71 on Wednesday. The stock has a market capitalization of $2.16 billion, a PE ratio of 47.51 and a beta of 2.92. The business’s 50 day simple moving average is $76.67 and its 200 day simple moving average is $62.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 2.49. Innodata Inc. has a one year low of $34.23 and a one year high of $125.14.

Innodata (NASDAQ:INOD) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.20. The firm had revenue of $92.14 million during the quarter, compared to analyst estimates of $86.31 million. Innodata had a net margin of 14.66% and a return on equity of 41.94%. During the same quarter last year, the business earned $0.20 EPS. The company’s revenue was up 57.8% compared to the same quarter last year. As a group, research analysts forecast that Innodata Inc. will post 1.18 earnings per share for the current year.

Innodata Profile

Innodata Inc (NASDAQ: INOD) is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata’s platform enables clients to convert unstructured text, images and multimedia into high?quality, machine?readable formats that support search, analytics and AI model training.

The firm’s offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.