Innventure (NASDAQ:INV) Major Shareholder Sells $898,016.22 in Stock

Innventure, Inc. (NASDAQ:INV) major shareholder We-Inn Llc sold 184,777 shares of Innventure stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $4.86, for a total value of $898,016.22. Following the transaction, the insider owned 6,387,786 shares in the company, valued at approximately $31,044,639.96. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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, December 18th, We-Inn Llc sold 252,502 shares of Innventure stock. The stock was sold at an average price of $4.68, for a total value of $1,181,709.36.
• On Wednesday, December 3rd, We-Inn Llc sold 172,589 shares of Innventure stock. The stock was sold at an average price of $4.76, for a total value of $821,523.64.
• On Tuesday, December 2nd, We-Inn Llc sold 117,901 shares of Innventure stock. The shares were sold at an average price of $4.95, for a total value of $583,609.95.
• On Monday, December 1st, We-Inn Llc sold 427,301 shares of Innventure stock. The shares were sold at an average price of $5.11, for a total value of $2,183,508.11.
• 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 value of $1,060,760.61.
• On Wednesday, November 19th, We-Inn Llc sold 235,765 shares of Innventure stock. The shares were sold at an average price of $3.34, for a total transaction of $787,455.10.
• On Tuesday, November 18th, We-Inn Llc sold 263,782 shares of Innventure stock. The stock was sold at an average price of $3.61, for a total transaction of $952,253.02.
• 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 shares were sold at an average price of $2.97, for a total transaction of $291,555.99.
• On Wednesday, October 22nd, We-Inn Llc sold 436,296 shares of Innventure stock. The shares were sold at an average price of $3.01, for a total transaction of $1,313,250.96.

Innventure Stock Performance

Innventure stock traded down $0.41 during midday trading on Thursday, reaching $4.35. 1,851,903 shares of the company’s stock were exchanged, compared to its average volume of 401,608. The stock’s 50-day simple moving average is $4.08 and its 200 day simple moving average is $4.79. The firm has a market cap of $271.74 million, a price-to-earnings ratio of -2.88 and a beta of 0.07. 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, Inc. has a 52 week low of $2.36 and a 52 week high of $14.95.

Innventure (NASDAQ:INV) last released its quarterly earnings data 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 net margin of 18,877.40% and a negative return on equity of 29.39%. The business had revenue of ($5.00) million during the quarter, compared to analyst estimates of $1.98 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Innventure in a report on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $14.00.

Institutional Trading of Innventure

Hedge funds have recently modified their holdings of the company. Yorkville Advisors Global LP purchased a new stake in shares of Innventure during the third quarter valued at about $43,000. Fortis Capital Advisors LLC purchased a new position in Innventure during the second quarter worth approximately $52,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Innventure in the first quarter valued at about $116,000. Diametric Capital LP increased its holdings in shares of Innventure by 144.3% during the 2nd quarter. Diametric Capital LP now owns 32,573 shares of the company’s stock worth $156,000 after buying an additional 19,242 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Innventure in the first quarter valued at approximately $172,000. 55.98% of the stock is owned by hedge funds and other institutional investors.

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.