Innventure (NASDAQ:INV) Director Sells $56,413.88 in Stock

Innventure, Inc. (NASDAQ:INV) Director Daniel Hennessy sold 10,828 shares of the company’s stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $5.21, for a total value of $56,413.88. Following the completion of the sale, the director owned 1,173,745 shares of the company’s stock, valued at $6,115,211.45. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Innventure Price Performance

NASDAQ:INV opened at $3.04 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.20 and a current ratio of 0.29. Innventure, Inc. has a one year low of $2.80 and a one year high of $14.95. The business has a fifty day moving average price of $5.06 and a 200-day moving average price of $4.88.

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

Institutional Investors Weigh In On Innventure

A number of institutional investors have recently bought and sold shares of the business. Diametric Capital LP increased its stake in Innventure by 144.3% in the 2nd quarter. Diametric Capital LP now owns 32,573 shares of the company’s stock worth $156,000 after buying an additional 19,242 shares in the last quarter. Cresset Asset Management LLC bought a new position in shares of Innventure during the 2nd quarter valued at about $354,000. Geode Capital Management LLC boosted 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 during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Innventure by 937.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,074,330 shares of the company’s stock valued at $14,757,000 after purchasing an additional 2,778,036 shares during the last quarter. Finally, FWG Holdings LLC boosted its holdings in shares of Innventure by 899.9% during the 2nd quarter. FWG Holdings LLC now owns 143,691 shares of the company’s stock valued at $711,000 after purchasing an additional 129,321 shares during the last quarter. Hedge funds and other institutional investors own 55.98% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Innventure in a research note on Tuesday. Two 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 stock. According to MarketBeat, Innventure has an average rating of “Buy” and an average target price 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.