Innventure (NASDAQ:INV) Director Daniel Hennessy Sells 266,367 Shares of Stock

Innventure, Inc. (NASDAQ:INV) Director Daniel Hennessy sold 266,367 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $5.31, for a total transaction of $1,414,408.77. Following the transaction, the director owned 907,378 shares of the company’s stock, valued at $4,818,177.18. This trade represents a 22.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Innventure Stock Down 5.1%

Shares of NASDAQ:INV opened at $5.20 on Thursday. The firm has a market cap of $324.84 million, a P/E ratio of -3.44 and a beta of 0.15. Innventure, Inc. has a 12-month low of $2.36 and a 12-month high of $14.95. The business has a fifty day simple moving average of $4.16 and a 200 day simple moving average of $4.77. The company has a quick ratio of 0.31, a current ratio of 0.39 and a debt-to-equity ratio of 0.07.

Innventure (NASDAQ:INV) last announced its quarterly earnings data 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 return on equity of 29.39% and a negative net margin of 18,877.40%.The company had revenue of $0.53 million for the quarter, compared to analyst estimates of $1.98 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of INV. Yorkville Advisors Global LP bought a new stake in shares of Innventure in the 3rd quarter worth approximately $43,000. Fortis Capital Advisors LLC purchased a new position in Innventure during the 2nd quarter valued at $52,000. OMERS ADMINISTRATION Corp bought a new position in Innventure in the 1st quarter worth $116,000. Naviter Wealth LLC purchased a new position in shares of Innventure during the second quarter valued at about $141,000. Finally, Diametric Capital LP raised its stake in Innventure by 144.3% in the second 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. Institutional investors own 55.98% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Innventure in a report on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus 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.