Innventure (NASDAQ:INV) Director Daniel Hennessy Sells 2,992 Shares

Key Points

• Director Daniel Hennessy sold 2,992 shares on April 14 at an average price of $5.01 for proceeds of $14,989.92, leaving him with 764,497 shares (a 0.39% reduction).
• Shares traded at $4.70 mid-day with a market cap of about $318.4M (50-day MA $3.63, 200-day MA $3.96); the company reported Q1 EPS of ($0.29) beating estimates but revenue of $0.82M missed expectations and margins/ROE remained deeply negative.
• Analysts hold a consensus "Sell" rating with an average price target of $8.00, and institutional investors own roughly 55.98% of the stock.

Innventure, Inc. (NASDAQ:INV - Get Free Report) Director Daniel Hennessy sold 2,992 shares of the business's stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $5.01, for a total transaction of $14,989.92. Following the completion of the sale, the director owned 764,497 shares in the company, valued at approximately $3,830,129.97. The trade was a 0.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Innventure Price Performance

Shares of NASDAQ INV traded down $0.06 during mid-day trading on Thursday, hitting $4.70. 930,279 shares of the company's stock traded hands, compared to its average volume of 1,739,414. The company's 50-day moving average is $3.63 and its two-hundred day moving average is $3.96. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 1.07. The company has a market capitalization of $318.38 million, a P/E ratio of -0.83 and a beta of -0.11. Innventure, Inc. has a 1 year low of $2.36 and a 1 year high of $6.96.

Innventure (NASDAQ:INV - Get Free Report) last announced its earnings results on Monday, March 30th. The company reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.03. The firm had revenue of $0.82 million for the quarter, compared to analysts' expectations of $2.01 million. Innventure had a negative net margin of 14,266.39% and a negative return on equity of 23.77%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Northland Securities set a $8.00 target price on shares of Innventure in a research report on Thursday, January 22nd. Weiss Ratings restated a "sell (d-)" rating on shares of Innventure in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Sell" and an average price target of $8.00.

Hedge Funds Weigh In On Innventure

Several hedge funds have recently added to or reduced their stakes in INV. Goldman Sachs Group Inc. grew its stake in Innventure by 16.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 32,924 shares of the company's stock worth $138,000 after acquiring an additional 4,638 shares in the last quarter. Yorkville Advisors Global LP bought a new position in Innventure in the 3rd quarter worth about $43,000. Police & Firemen s Retirement System of New Jersey bought a new position in Innventure in the 4th quarter worth about $32,000. WESPAC Advisors LLC bought a new position in Innventure in the 4th quarter worth about $42,000. Finally, Diversify Advisory Services LLC bought a new position in Innventure in the 4th quarter worth about $44,000. 55.98% of the stock is currently owned by institutional investors.

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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