Innventure (NASDAQ:INV) Director Sells $289,809.60 in Stock

Innventure, Inc. (NASDAQ:INV) Director Daniel Hennessy sold 55,840 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $5.19, for a total value of $289,809.60. Following the sale, the director owned 761,095 shares in the company, valued at approximately $3,950,083.05. The trade was a 6.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Innventure Stock Performance

Shares of NASDAQ:INV traded down $0.34 during trading on Friday, hitting $5.33. The stock had a trading volume of 830,782 shares, compared to its average volume of 352,389. Innventure, Inc. has a 12-month low of $2.36 and a 12-month high of $14.95. The stock has a market capitalization of $332.97 million, a price-to-earnings ratio of -3.53 and a beta of 0.07. The company has a quick ratio of 0.31, a current ratio of 0.39 and a debt-to-equity ratio of 0.07. The stock has a 50-day simple moving average of $4.07 and a two-hundred day simple moving average of $4.81.

Innventure (NASDAQ:INV) last issued its earnings results on Thursday, November 13th. The company reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.27). Innventure had a negative net margin of 18,877.40% and a negative return on equity of 29.39%. The firm had revenue of ($5.00) million during the quarter, compared to analysts’ expectations of $1.98 million.

Institutional Trading of Innventure

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its position in Innventure by 937.6% during the second quarter. PNC Financial Services Group Inc. now owns 3,074,330 shares of the company’s stock valued at $14,757,000 after acquiring an additional 2,778,036 shares in the last quarter. Vanguard Group Inc. boosted its position in Innventure by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,528,649 shares of the company’s stock worth $8,851,000 after purchasing an additional 56,764 shares in the last quarter. Abundance Wealth Counselors acquired a new stake in shares of Innventure during the 2nd quarter worth approximately $3,621,000. Belpointe Asset Management LLC increased its holdings in shares of Innventure by 276.1% during the 3rd quarter. Belpointe Asset Management LLC now owns 380,918 shares of the company’s stock valued at $2,206,000 after purchasing an additional 279,648 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Innventure by 60.1% during the 2nd quarter. Geode Capital Management LLC now owns 312,201 shares of the company’s stock valued at $1,499,000 after purchasing an additional 117,162 shares in the last quarter. 55.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Innventure in a report on Monday, November 17th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $14.00.

Innventure Company Profile

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.