Innventure (NASDAQ:INV) Director Daniel Hennessy Sells 55,840 Shares of Stock

Innventure, Inc. (NASDAQ:INV) Director Daniel Hennessy sold 55,840 shares of Innventure stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $5.19, for a total value of $289,809.60. Following the completion of the transaction, the director directly owned 761,095 shares in the company, valued at approximately $3,950,083.05. This represents a 6.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Innventure Trading Down 6.0%

Shares of Innventure stock opened at $5.33 on Friday. Innventure, Inc. has a 1 year low of $2.36 and a 1 year high of $14.95. The company’s fifty day simple moving average is $4.07 and its 200-day simple moving average is $4.81. The company has a market cap of $332.97 million, a price-to-earnings ratio of -3.53 and a beta of 0.07. 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 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). The company had revenue of ($5.00) million for the quarter, compared to analyst estimates of $1.98 million. Innventure had a negative net margin of 18,877.40% and a negative return on equity of 29.39%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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 given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $14.00.

Institutional Trading of Innventure

Institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its stake in Innventure by 937.6% during the second quarter. PNC Financial Services Group Inc. now owns 3,074,330 shares of the company’s stock worth $14,757,000 after purchasing an additional 2,778,036 shares during the period. Abundance Wealth Counselors bought a new stake in shares of Innventure in the 2nd quarter valued at approximately $3,621,000. Belpointe Asset Management LLC raised its holdings in shares of Innventure by 276.1% in the 3rd quarter. Belpointe Asset Management LLC now owns 380,918 shares of the company’s stock worth $2,206,000 after buying an additional 279,648 shares in the last quarter. Mariner LLC bought a new position in shares of Innventure during the 3rd quarter worth approximately $963,000. Finally, FWG Holdings LLC lifted its position in shares of Innventure by 899.9% during the 2nd quarter. FWG Holdings LLC now owns 143,691 shares of the company’s stock worth $711,000 after buying an additional 129,321 shares during the period. 55.98% of the stock is currently owned by institutional investors and hedge funds.

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.