Innventure (NASDAQ:INV) Director Daniel Hennessy Sells 8,606 Shares

Key Points

• Innventure, Inc. Director Daniel Hennessy sold 8,606 shares of stock at an average price of $5.05, totaling approximately $43,460.30, reducing his ownership to 1,184,573 shares.
• The company's stock has a 1-year range between $3.00 and $14.95, with recent trading activity showing an 11.2% increase, reaching $5.05.
• Despite Wall Street analysts having an average rating of "Buy" for Innventure, the stock received a "sell (d-)" rating from Weiss Ratings, highlighting differing perspectives on its future performance.

Innventure, Inc. (NASDAQ:INV - Get Free Report) Director Daniel Hennessy sold 8,606 shares of the company's stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $5.05, for a total value of $43,460.30. Following the completion of the sale, the director directly owned 1,184,573 shares of the company's stock, valued at $5,982,093.65. The trade was a 0.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Innventure Trading Up 11.2%

Shares of INV traded up $0.51 during mid-day trading on Wednesday, reaching $5.05. The company's stock had a trading volume of 153,350 shares, compared to its average volume of 133,053. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.29 and a quick ratio of 0.20. Innventure, Inc. has a 1 year low of $3.00 and a 1 year high of $14.95. The business has a fifty day moving average of $5.23 and a 200 day moving average of $5.07.

Innventure (NASDAQ:INV - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($1.60) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($1.43). Innventure had a negative return on equity of 33.64% and a negative net margin of 20,429.67%.The company had revenue of $0.48 million during the quarter, compared to the consensus estimate of $0.69 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Innventure in a research note on Saturday, September 27th. Two equities research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $14.00.

Institutional Investors Weigh In On Innventure

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Diametric Capital LP lifted its holdings in shares of Innventure by 144.3% during the second quarter. Diametric Capital LP now owns 32,573 shares of the company's stock worth $156,000 after purchasing an additional 19,242 shares during the period. Cresset Asset Management LLC acquired a new position in Innventure during the 2nd quarter worth approximately $354,000. Geode Capital Management LLC increased its holdings in Innventure by 60.1% during the 2nd quarter. Geode Capital Management LLC now owns 312,201 shares of the company's stock worth $1,499,000 after purchasing an additional 117,162 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Innventure by 937.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,074,330 shares of the company's stock valued at $14,757,000 after acquiring an additional 2,778,036 shares during the last quarter. Finally, FWG Holdings LLC boosted its position in 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 acquiring an additional 129,321 shares during the period. Institutional investors and hedge funds 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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