Innodata CEO and founder Jack Abuhoff sold 250,000 shares on May 15 and May 18, 2026. The transaction totaled approximately $23.7 million.
The sale followed a 52-week high for the stock earlier in May. Innodata recently reported record first-quarter revenue with a 54% year-over-year increase.
Abuhoff retains ownership of over 1.3 million shares. Motley Fool analysts suggest the sale represents profit-taking rather than a loss of confidence in the company’s prospects.