INOD INNODATA INC
Price Chart
Executive Summary
Four INOD insiders, including CEO Jack Abuhoff and COO Ashok Mishra, sold a total of $26.23M in open-market shares over the week following the company's record Q1 2026 earnings report (revenue +54% YoY, EBITDA +96%). The selling is primarily profit-taking after a massive stock run-up, with option exercises at low strike prices converted into sales near $90. Despite the insider sales, the company's strong operational performance and raised guidance suggest the selling does not signal fundamental deterioration.
Key Financial Metrics
Actionable Insight
The selling is likely profit-taking after a strong earnings beat and near-all-time-high stock price. While the cluster size is notable, the fundamental story remains intact. Monitor for any follow-on sales in the next 30 days; if selling continues at this pace, it could weigh on sentiment. The strong revenue and EBITDA momentum supports the current valuation.
Key Facts
- Total insider open-market sales: $26.23M (0.85% of $3.1B market cap)
- CEO Jack Abuhoff sold $2.03M on May 14 after exercising options
- COO Ashok Mishra sold $21.06M on May 12 after exercising options
- Directors Louise Forlenza and Stewart Massey sold $2.17M and $960K respectively
- Sales occurred within 11 days of record Q1 earnings: revenue $90.1M (+54% YoY), adjusted EBITDA $25.0M (+96% YoY), raised FY2026 guidance to ~40% revenue growth
- Most sales were preceded by derivative exercises, indicating pre-planned liquidity events
Financial Impact
Insiders sold $26.23M in open-market shares, representing 0.85% of market cap
Risk Factors
- Continuation of insider selling could signal peak confidence
- Stock may be overvalued after 50%+ run in 2026
- Customer concentration remains a risk despite diversification progress
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-INOD-1779135399147 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 3, 2026
6d ago
|
Insider Cluster
| $112.52 awaiting T+1 | awaiting T+1 | — | $98.77 (−12.22%) |
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Jun 3, 2026
6d ago
|
Insider Cluster
| $112.52 awaiting T+1 | awaiting T+1 | — | $98.77 (−12.22%) |
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Jun 3, 2026
6d ago
|
Insider Cluster
| $108.27 $121.50 | ▲ +12.22% | ▲ +11.82% | $98.77 (−8.77%) |
|
May 26, 2026
14d ago
|
Insider Cluster
| $89.00 $99.35 | ▲ +11.63% | ▲ +11.08% | $98.77 (+10.98%) |
|
May 21, 2026
19d ago
|
Insider Cluster
| $95.48 $95.91 | ▲ +0.45% | ▼ −0.14% | $98.77 (+3.45%) |
|
May 20, 2026
20d ago
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Insider Cluster
| $98.53 $95.48 | ▼ −3.10% | ▼ −3.54% | $98.77 (+0.24%) |
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May 18, 2026
22d ago
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Insider Cluster
| $88.19 $94.71 | ▼ −7.39% | ▼ −6.35% | $98.77 (−12.00%) |
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May 18, 2026
22d ago
|
Insider Cluster
| $88.19 $94.71 | ▲ +7.39% | ▲ +6.35% | $98.77 (+12.00%) |
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May 12, 2026
29d ago
|
Insider Cluster
| $92.09 $89.95 | ▼ −2.32% | ▼ −2.90% | $98.77 (+7.25%) |
|
May 12, 2026
29d ago
|
Insider Cluster
| $92.09 $89.95 | ▼ −2.32% | ▼ −2.90% | $98.77 (+7.25%) |
US Market Status
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