Innventure (NASDAQ:INV) CEO Buys $51,400.00 in Stock

Innventure, Inc. (NASDAQ:INV) CEO Gregory Haskell acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was acquired at an average cost of $5.14 per share, for a total transaction of $51,400.00. Following the completion of the purchase, the chief executive officer directly owned 762,115 shares in the company, valued at $3,917,271.10. This trade represents a 1.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Innventure Trading Up 10.6%

Shares of INV stock opened at $5.75 on Friday. Innventure, Inc. has a fifty-two week low of $2.36 and a fifty-two week high of $14.95. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.31 and a current ratio of 0.39. The stock has a 50 day simple moving average of $4.14 and a two-hundred day simple moving average of $4.79. The company has a market cap of $359.20 million, a P/E ratio of -3.81 and a beta of 0.15.

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 ($5.00) million for the quarter, compared to analyst estimates of $1.98 million.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Innventure in a research report on Monday, November 17th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $14.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of INV. Yorkville Advisors Global LP bought a new position in shares of Innventure in the third quarter valued at $43,000. Fortis Capital Advisors LLC acquired a new stake in shares of Innventure in the 2nd quarter worth about $52,000. OMERS ADMINISTRATION Corp bought a new position in Innventure in the 1st quarter valued at about $116,000. Diametric Capital LP boosted its stake 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. Finally, Jane Street Group LLC bought a new stake in Innventure during the 1st quarter worth approximately $172,000. Institutional investors and hedge funds own 55.98% of the company’s stock.

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.