Innventure (NASDAQ:INV) Major Shareholder We-Inn Llc Sells 235,765 Shares

Innventure, Inc. (NASDAQ:INV) major shareholder We-Inn Llc sold 235,765 shares of Innventure stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $3.34, for a total transaction of $787,455.10. Following the completion of the transaction, the insider directly owned 7,592,563 shares in the company, valued at approximately $25,359,160.42. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

We-Inn Llc also recently made the following trade(s):

• On Thursday, November 20th, We-Inn Llc sold 302,211 shares of Innventure stock. The shares were sold at an average price of $3.51, for a total transaction of $1,060,760.61.
• On Tuesday, November 18th, We-Inn Llc sold 263,782 shares of Innventure stock. The stock was sold at an average price of $3.61, for a total transaction of $952,253.02.
• On Wednesday, October 29th, We-Inn Llc sold 149,708 shares of Innventure stock. The shares were sold at an average price of $2.92, for a total transaction of $437,147.36.
• On Monday, October 27th, We-Inn Llc sold 98,167 shares of Innventure stock. The shares were sold at an average price of $2.97, for a total transaction of $291,555.99.
• On Wednesday, October 22nd, We-Inn Llc sold 436,296 shares of Innventure stock. The stock was sold at an average price of $3.01, for a total transaction of $1,313,250.96.
• On Friday, October 24th, We-Inn Llc sold 263,627 shares of Innventure stock. The stock was sold at an average price of $3.03, for a total value of $798,789.81.
• On Thursday, October 23rd, We-Inn Llc sold 193,587 shares of Innventure stock. The shares were sold at an average price of $3.13, for a total value of $605,927.31.
• On Friday, October 10th, We-Inn Llc sold 2,300 shares of Innventure stock. The shares were sold at an average price of $3.92, for a total value of $9,016.00.

Innventure Trading Down 2.9%

INV opened at $3.39 on Friday. Innventure, Inc. has a one year low of $2.36 and a one year high of $14.95. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.39 and a quick ratio of 0.31. The business has a 50 day simple moving average of $4.29 and a two-hundred day simple moving average of $4.75. The firm has a market capitalization of $189.94 million, a price-to-earnings ratio of -2.25 and a beta of 0.15.

Innventure (NASDAQ:INV) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.27). Innventure had a negative return on equity of 29.39% and a negative net margin of 18,877.40%.The business had revenue of $0.53 million during the quarter, compared to the consensus estimate of $1.98 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Innventure in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $14.00.

Institutional Trading of Innventure

Several hedge funds and other institutional investors have recently made changes to their positions in INV. Yorkville Advisors Global LP bought a new position in Innventure during the 3rd quarter valued at approximately $43,000. Fortis Capital Advisors LLC bought a new stake in Innventure in the second quarter worth $52,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Innventure in the first quarter worth $116,000. Diametric Capital LP increased its holdings in shares of Innventure by 144.3% during the second quarter. Diametric Capital LP now owns 32,573 shares of the company’s stock valued at $156,000 after acquiring an additional 19,242 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Innventure in the 1st quarter worth about $172,000. Hedge funds and other institutional investors own 55.98% of the company’s stock.

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.