FORLENZA LOUISE C sold $550K of INOD

Innodata Inc. (INOD) shares rose 15% after Hunterbrook suggested it may be working with Meta on its Muse assistant, citing job listings and former employees. Hunterbrook Capital disclosed a long position. INOD closed at $69.97, up $8.92. Meta is estimated to be Innodata's largest customer, potentially accounting for 58% of 2025 sales. Innodata did not comment on the report. INOD stock is up 37% year-to-date.

Innodata (INOD) shares fell 46.6% over 3 months, underperforming peers and the S&P 500. Q2 2026 revenues rose 58% YoY to $92.1M, with adjusted EBITDA up 92% to $25.4M. The company maintained 40%+ revenue growth guidance. Risks include customer concentration and project volatility. INOD trades at 34.97X forward earnings, above industry average.

Innodata (INOD) reported Q2 revenue of $92.1M, up 58% YoY, and GAAP net income of $14.4M, beating estimates. Despite strong results, its stock fell 10% in August due to a new CEO appointment and a $300M stock offering. The company's reliance on a few key clients is a concern.

Vertiv (VRT), Applied Optoelectronics (AAOI), and Innodata (INOD) have pulled back from their highs despite strong growth. VRT reported Q2 sales of $3.27B, AAOI posted record revenue of $191.9M, and INOD saw revenue grow 58% to $92.1M. Each faces unique risks and opportunities, with hedge funds showing varied interest.

Vertiv (VRT), Applied Optoelectronics (AAOI), and Innodata (INOD) have pulled back from 2026 highs despite strong growth. VRT reported 24% YoY sales growth and raised its 2026 outlook. AAOI saw 86% YoY revenue growth and expects high demand for its products. INOD delivered 58% YoY revenue growth and anticipates 40% growth in 2026.

Innodata Inc. entered into a US$300 million at-the-market (ATM) offering on Aug. 6, 2026, according to the filing. Latham & Watkins LLP advised the placement agents, with additional counsel on data privacy and cybersecurity, intellectual property, and tax matters.