Insider Selling: Innventure (NASDAQ:INV) Major Shareholder Sells $798,789.81 in Stock

Innventure, Inc. (NASDAQ:INV) major shareholder We-Inn Llc sold 263,627 shares of Innventure stock in a transaction on Friday, October 24th. The shares were sold at an average price of $3.03, for a total transaction of $798,789.81. Following the completion of the sale, the insider owned 8,339,985 shares in the company, valued at approximately $25,270,154.55. This represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• 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 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 Stock Performance

Shares of NASDAQ INV opened at $3.01 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.20 and a current ratio of 0.29. The company has a market cap of $168.65 million, a P/E ratio of -1.55 and a beta of 0.21. The firm’s fifty day moving average is $4.88 and its two-hundred day moving average is $4.82. Innventure, Inc. has a 52-week low of $2.80 and a 52-week high of $14.95.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Innventure in a report on Tuesday, October 14th. Two 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $14.00.

Hedge Funds Weigh In On Innventure

Several hedge funds have recently added to or reduced their stakes in the company. Diametric Capital LP grew its holdings in Innventure by 144.3% during the 2nd quarter. Diametric Capital LP now owns 32,573 shares of the company’s stock valued at $156,000 after purchasing an additional 19,242 shares during the last quarter. Cresset Asset Management LLC bought a new position in Innventure during the 2nd quarter valued at about $354,000. Geode Capital Management LLC grew its holdings in 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. grew its holdings in 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 grew its holdings in 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. 55.98% of the stock is currently owned by institutional investors.

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.