Daniel Hennessy Sells 10,828 Shares of Innventure (NASDAQ:INV) Stock

Key Points

• Director Daniel Hennessy sold 10,828 shares of Innventure at an average price of $5.21, resulting in a total transaction of $56,413.88, reducing his ownership stake by 0.91%.
• Shares of Innventure have seen a 9.2% decline, currently trading at $2.95, with significant trading volume of 467,360 shares compared to its average.
• Analysts have mixed ratings for Innventure, with two recommending a Strong Buy and one a Sell, suggesting a current average target price of $14.00.

Innventure, Inc. (NASDAQ:INV - Get Free Report) Director Daniel Hennessy sold 10,828 shares of the stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $5.21, for a total transaction of $56,413.88. Following the sale, the director directly owned 1,173,745 shares of the company's stock, valued at $6,115,211.45. This represents a 0.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Innventure Stock Down 9.2%

Shares of INV stock traded down $0.30 during trading hours on Tuesday, hitting $2.95. 467,360 shares of the company were exchanged, compared to its average volume of 135,790. The business has a 50 day moving average of $5.17 and a two-hundred day moving average of $4.94. The company has a quick ratio of 0.20, a current ratio of 0.29 and a debt-to-equity ratio of 0.04. Innventure, Inc. has a 52 week low of $2.80 and a 52 week high of $14.95.

Innventure (NASDAQ:INV - Get Free Report) last released 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). The business had revenue of $0.48 million during the quarter, compared to the consensus estimate of $0.69 million. Innventure had a negative net margin of 20,429.67% and a negative return on equity of 33.64%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Innventure in a research report on Tuesday. 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 company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $14.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE bought a new position in shares of Innventure in the 4th quarter valued at about $126,000. Fortis Capital Advisors LLC bought a new position in shares of Innventure in the 2nd quarter valued at about $52,000. FWG Holdings LLC bought a new position in shares of Innventure in the 1st quarter valued at about $111,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Innventure during the 1st quarter worth about $116,000. Finally, Diametric Capital LP lifted its stake 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. Institutional investors 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.

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