Innventure (NASDAQ:INV) Major Shareholder We-Inn Llc Sells 302,211 Shares of Stock

Innventure, Inc. (NASDAQ:INV) major shareholder We-Inn Llc sold 302,211 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $3.51, for a total value of $1,060,760.61. Following the completion of the transaction, the insider directly owned 7,290,352 shares in the company, valued at approximately $25,589,135.52. The trade was a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, November 19th, We-Inn Llc sold 235,765 shares of Innventure stock. The shares were sold at an average price of $3.34, for a total transaction of $787,455.10.
• On Tuesday, November 18th, We-Inn Llc sold 263,782 shares of Innventure stock. The shares were 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 stock was sold at an average price of $2.92, for a total value of $437,147.36.
• On Monday, October 27th, We-Inn Llc sold 98,167 shares of Innventure stock. The stock was 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 shares were sold at an average price of $3.01, for a total value 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 stock was sold at an average price of $3.92, for a total transaction of $9,016.00.

Innventure Trading Down 2.9%

INV opened at $3.39 on Friday. The firm has a market capitalization of $189.94 million, a price-to-earnings ratio of -2.25 and a beta of 0.15. The company’s 50 day simple moving average is $4.29 and its two-hundred day simple moving average is $4.75. Innventure, Inc. has a 1-year low of $2.36 and a 1-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.

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

Hedge Funds Weigh In On Innventure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Yorkville Advisors Global LP purchased a new stake in Innventure during the 3rd quarter worth about $43,000. Mariner LLC acquired a new position in shares of Innventure during the third quarter worth about $963,000. Bridgeway Capital Management LLC purchased a new stake in shares of Innventure during the third quarter worth approximately $347,000. Vanguard Group Inc. raised its holdings in Innventure by 3.9% in the third quarter. Vanguard Group Inc. now owns 1,528,649 shares of the company’s stock valued at $8,851,000 after acquiring an additional 56,764 shares in the last quarter. Finally, Belpointe Asset Management LLC raised its holdings in Innventure by 276.1% in the third quarter. Belpointe Asset Management LLC now owns 380,918 shares of the company’s stock valued at $2,206,000 after acquiring an additional 279,648 shares in the last quarter. Hedge funds and other institutional investors own 55.98% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Innventure in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.