Innventure (NASDAQ:INV) Director Daniel Hennessy Sells 6,265 Shares

Innventure, Inc. (NASDAQ:INV) Director Daniel Hennessy sold 6,265 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $5.11, for a total transaction of $32,014.15. Following the completion of the sale, the director directly owned 1,193,679 shares in the company, valued at $6,099,699.69. This represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Innventure Price Performance

Shares of INV opened at $5.05 on Thursday. The firm’s 50 day simple moving average is $5.23 and its 200 day simple moving average is $5.07. The company has a quick ratio of 0.20, a current ratio of 0.29 and a debt-to-equity ratio of 0.04. Innventure, Inc. has a 1-year low of $3.00 and a 1-year high of $14.95.

Innventure (NASDAQ:INV) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($1.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($1.43). Innventure had a negative net margin of 20,429.67% and a negative return on equity of 33.64%. The business had revenue of $0.48 million for the quarter, compared to the consensus estimate of $0.69 million.

Hedge Funds Weigh In On Innventure

Large investors have recently modified their holdings of the stock. Fortis Capital Advisors LLC purchased a new position in shares of Innventure in the 2nd quarter worth about $52,000. FWG Holdings LLC purchased a new position in Innventure in the 1st quarter worth about $111,000. OMERS ADMINISTRATION Corp purchased a new position in Innventure in the 1st quarter worth about $116,000. Bank of America Corp DE purchased a new position in Innventure in the 4th quarter worth about $126,000. Finally, Naviter Wealth LLC purchased a new position in Innventure in the 2nd quarter worth about $141,000. Hedge funds and other institutional investors own 55.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Innventure in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Innventure has an average rating of “Buy” and an average price target of $14.00.

About Innventure

Innventure Inc founds, funds and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. Innventure Inc, formerly known as Learn CW Investment Corporation, is based in ORLANDO, Fla.