Innventure (NASDAQ:INV) Director Sells $32,014.15 in Stock

Key Points

• Innventure Director Daniel Hennessy sold 6,265 shares of stock for $32,014.15, decreasing his ownership stake by 0.52% to approximately 1.19 million shares worth around $6.1 million.
• The company's stock price rose 11.2%, trading at $5.05, despite significant losses reported for the last quarter, including an EPS of -$1.60 against an expectation of -$0.17.
• Institutional investors now hold 55.98% of Innventure's stock, with multiple new positions taken by hedge funds, indicating increasing interest in the company.

Innventure, Inc. (NASDAQ:INV - Get Free Report) Director Daniel Hennessy sold 6,265 shares of the business's stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $5.11, for a total value of $32,014.15. Following the completion of the sale, the director directly owned 1,193,679 shares in the company, valued at approximately $6,099,699.69. The trade was a 0.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Innventure Stock Up 11.2%

NASDAQ INV traded up $0.51 during trading hours on Wednesday, hitting $5.05. 153,350 shares of the stock were exchanged, compared to its average volume of 133,053. Innventure, Inc. has a 12-month low of $3.00 and a 12-month high of $14.95. The company has a current ratio of 0.29, a quick ratio of 0.20 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average of $5.23 and a 200 day moving average of $5.07.

Innventure (NASDAQ:INV - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported ($1.60) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($1.43). Innventure had a negative net margin of 20,429.67% and a negative return on equity of 33.64%. The business had revenue of $0.48 million during the quarter, compared to analysts' expectations of $0.69 million.

Institutional Trading of Innventure

Several institutional investors and hedge funds have recently made changes to their positions in INV. Fortis Capital Advisors LLC bought a new position in Innventure in the 2nd quarter worth about $52,000. FWG Holdings LLC bought a new position in shares of Innventure during the 1st quarter valued at approximately $111,000. OMERS ADMINISTRATION Corp bought a new stake in Innventure in the first quarter worth $116,000. Bank of America Corp DE bought a new stake in shares of Innventure during the fourth quarter worth $126,000. Finally, Naviter Wealth LLC purchased a new position in shares of Innventure during the second quarter valued at $141,000. Hedge funds and other institutional investors own 55.98% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Innventure in a report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $14.00.

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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