Innodata Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGM:INOD Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
27 Feb 25	SellUS$50,302	Louise Forlenza	Individual	774	US$64.99
26 Feb 25	SellUS$12,671,593	Nauman Toor	Individual	196,777	US$65.25
20 Dec 24	SellUS$4,849,108	Nauman Toor	Individual	110,207	US$44.00
04 Dec 24	SellUS$9,074,000	Nauman Toor	Individual	200,000	US$45.37
25 Nov 24	SellUS$225,940	Louise Forlenza	Individual	5,000	US$45.54
25 Nov 24	SellUS$91,560	Stewart Massey	Individual	2,000	US$45.78
19 Nov 24	SellUS$7,185,600	Nauman Toor	Individual	160,000	US$44.91
13 Nov 24	SellUS$1,907,702	Louise Forlenza	Individual	42,984	US$45.12
13 Nov 24	SellUS$1,841,613	Nauman Toor	Individual	40,000	US$46.07

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of INOD?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	1,242,898	3.9%
General Public	13,855,629	43.5%
Institutions	16,747,095	52.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 45.53% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
6.97%	BlackRock, Inc.	2,220,011	US$85.4m	11%	no data
5.73%	The Vanguard Group, Inc.	1,825,455	US$70.2m	3.7%	no data
4.35%	Morgan Stanley, Investment Banking and Brokerage Investments	1,385,078	US$53.3m	8.84%	0.01%
3.73%	Jack Abuhoff	1,188,358	US$45.7m	0%	no data
2.2%	Geode Capital Management, LLC	700,217	US$26.9m	11%	no data
2.17%	Wellington Management Group LLP	690,961	US$26.6m	-12.9%	no data
2.02%	State Street Global Advisors, Inc.	642,001	US$24.7m	9.82%	no data
1.72%	Janus Henderson Group plc	547,262	US$21.1m	-5.25%	0.01%
1.61%	Driehaus Capital Management LLC	512,210	US$19.7m	-9.8%	0.1%
1.55%	D. E. Shaw & Co., L.P.	493,156	US$19.0m	-60.9%	0.02%
1.41%	UBS Asset Management AG	449,738	US$17.3m	97.6%	no data
1.27%	Dimensional Fund Advisors LP	405,707	US$15.6m	0.4%	no data
1.23%	Leap Investments LP	391,200	US$15.1m	1,140%	0.25%
1.23%	Two Sigma Investments, LP	390,731	US$15.0m	673%	0.03%
1.16%	Palisades Investment Partners, LLC	368,852	US$14.2m	-2.78%	6.13%
1.11%	PlusTick Management LLC	355,000	US$13.7m	12.7%	7.58%
0.9%	Northern Trust Global Investments	286,747	US$11.0m	7.72%	no data
0.89%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	284,995	US$11.0m	-16.4%	no data
0.7%	Columbia Management Investment Advisers, LLC	222,374	US$8.6m	33%	no data
0.69%	Susquehanna International Group, LLP, Asset Management Arm	219,835	US$8.5m	68.5%	0.01%
0.69%	Hudson River Trading LLC, Asset Management Arm	218,635	US$8.4m	746%	0.04%
0.64%	Renaissance Technologies LLC	204,690	US$7.9m	-65.4%	0.01%
0.56%	The Renaissance Group LLC	177,152	US$6.8m	62.6%	0.26%
0.52%	Tudor Investment Corporation	166,242	US$6.4m	-8.59%	0.05%
0.48%	First Trust Advisors LP	152,777	US$5.9m	15,400%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/08/25 16:21
End of Day Share Price	2025/08/22 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Innodata Inc. is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Hamed Khorsand	BWS Financial Inc.
George Sutton	Craig-Hallum Capital Group LLC
Allen Klee	Maxim Group