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 the business’s stock in a transaction dated 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 sale, the insider owned 7,828,328 shares in the company, valued at approximately $28,260,264.08. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock 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 shares were sold at an average price of $3.51, for a total transaction of $1,060,760.61.
• On Wednesday, November 19th, We-Inn Llc sold 235,765 shares of Innventure stock. The stock was sold at an average price of $3.34, for a total transaction of $787,455.10.
• On Wednesday, October 29th, We-Inn Llc sold 149,708 shares of Innventure stock. The shares were sold at an average price of $2.92, for a total transaction 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 stock was 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 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 shares were sold at an average price of $3.92, for a total transaction of $9,016.00.

Innventure Trading Up 4.2%

Innventure stock traded up $0.14 during trading on Thursday, hitting $3.49. The company’s stock had a trading volume of 2,163,183 shares, compared to its average volume of 1,279,237. The stock’s fifty day moving average is $4.29 and its 200 day moving average is $4.75. Innventure, Inc. has a 1-year low of $2.36 and a 1-year high of $14.95. The stock has a market capitalization of $195.54 million, a price-to-earnings ratio of -2.31 and a beta of 0.15. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.31 and a current ratio of 0.39.

Innventure (NASDAQ:INV) last issued its earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $0.53 million for the quarter, compared to analysts’ expectations of $1.98 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Innventure in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $14.00.

Hedge Funds Weigh In On Innventure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INV. Yorkville Advisors Global LP bought a new stake in Innventure during the 3rd quarter worth approximately $43,000. Fortis Capital Advisors LLC bought a new position in Innventure in the second quarter valued at about $52,000. OMERS ADMINISTRATION Corp acquired a new stake in Innventure in the first quarter worth about $116,000. Naviter Wealth LLC acquired a new position in Innventure during the 2nd quarter valued at about $141,000. Finally, Diametric Capital LP boosted its stake in shares of Innventure by 144.3% in 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. 55.98% of the stock is currently owned by institutional investors and hedge funds.

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.