Innventure (NASDAQ:INV) Major Shareholder We-Inn Llc Sells 263,782 Shares

Innventure, Inc. (NASDAQ:INV) major shareholder We-Inn Llc sold 263,782 shares of Innventure stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $3.61, for a total transaction of $952,253.02. Following the completion of the transaction, the insider owned 7,828,328 shares of the company’s stock, valued at $28,260,264.08. This trade represents a 3.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s shares 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 stock was sold at an average price of $3.51, for a total value of $1,060,760.61.
• 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 value of $787,455.10.
• 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 value 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 shares were 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 stock was sold at an average price of $3.13, for a total transaction 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 transaction of $9,016.00.

Innventure Trading Down 2.9%

Shares of NASDAQ INV opened at $3.39 on Friday. Innventure, Inc. has a 1-year low of $2.36 and a 1-year high of $14.95. The company has a 50-day moving average of $4.29 and a two-hundred day moving average of $4.75. The company has a market cap of $189.94 million, a PE ratio of -2.25 and a beta of 0.15. The company has a current ratio of 0.39, a quick ratio of 0.31 and a debt-to-equity ratio of 0.07.

Innventure (NASDAQ:INV) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.51) EPS for the quarter, missing the consensus estimate 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 company had revenue of $0.53 million for the quarter, compared to the consensus estimate of $1.98 million.

Hedge Funds Weigh In On Innventure

Several hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its position 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 worth $14,757,000 after buying an additional 2,778,036 shares during the period. Abundance Wealth Counselors acquired a new stake in shares of Innventure in the 2nd quarter valued at approximately $3,621,000. Belpointe Asset Management LLC boosted its stake in Innventure by 276.1% during the 3rd quarter. Belpointe Asset Management LLC now owns 380,918 shares of the company’s stock worth $2,206,000 after acquiring an additional 279,648 shares during the last quarter. Mariner LLC acquired a new position in Innventure during the third quarter valued at approximately $963,000. Finally, FWG Holdings LLC increased its stake in Innventure by 899.9% in the second 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 in the last quarter. Institutional investors and hedge funds own 55.98% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Innventure in a research report on Monday. 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’s stock. According to data from MarketBeat.com, the stock presently 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.