Geode Capital Management LLC Takes $918,000 Position in Innventure, Inc. (NASDAQ:INV)

Geode Capital Management LLC purchased a new position in shares of Innventure, Inc. (NASDAQ:INV - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 66,144 shares of the company's stock, valued at approximately $918,000. Geode Capital Management LLC owned approximately 0.13% of Innventure as of its most recent filing with the Securities & Exchange Commission.

Separately, Charles Schwab Investment Management Inc. purchased a new stake in shares of Innventure during the fourth quarter worth $2,161,000. Institutional investors own 55.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Roth Mkm initiated coverage on shares of Innventure in a research note on Thursday, January 23rd. They issued a "buy" rating and a $16.00 price target on the stock. Roth Capital raised shares of Innventure to a "strong-buy" rating in a research note on Thursday, January 23rd. Northland Securities began coverage on Innventure in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $12.00 price target for the company. Finally, Northland Capmk upgraded Innventure to a "strong-buy" rating in a research report on Wednesday, March 12th.

Innventure Stock Down 4.8 %

Innventure stock opened at $4.00 on Friday. The stock's 50-day moving average price is $6.06. Innventure, Inc. has a 12-month low of $3.00 and a 12-month high of $18.75.

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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