Insider Selling: Innovex International (NYSE:INVX) CFO Sells 20,868 Shares of Stock

Key Points

• CFO Kendal Reed sold 20,868 shares at an average price of $25.04, for about $522,535. He retained 188,566 shares after the sale, a 9.96% reduction in his position.
• Innovex reported quarterly EPS of $0.37, below the $0.39 consensus estimate; revenue of $265.05 million also narrowly missed expectations of $265.64 million.
• Analysts have a “Moderate Buy” consensus rating and an average price target of $32.80. INVX shares rose 0.8% to $25.24 on Friday.

Innovex International, Inc. (NYSE:INVX - Get Free Report) CFO Kendal Reed sold 20,868 shares of the firm's stock in a transaction on Thursday, November 12th. The stock was sold at an average price of $25.04, for a total value of $522,534.72. Following the completion of the sale, the chief financial officer directly owned 188,566 shares of the company's stock, valued at approximately $4,721,692.64. This trade represents a 9.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Innovex International Stock Up 0.8%

Shares of INVX stock traded up $0.20 on Friday, reaching $25.24. 251,186 shares of the company's stock traded hands, compared to its average volume of 573,759. Innovex International, Inc. has a 12-month low of $20.66 and a 12-month high of $33.71. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.80 and a current ratio of 4.43. The company has a market capitalization of $1.77 billion, a P/E ratio of 36.58 and a beta of 0.98. The business's 50 day moving average price is $28.13 and its two-hundred day moving average price is $27.17.

Innovex International (NYSE:INVX - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). Innovex International had a return on equity of 8.29% and a net margin of 4.75%. The business had revenue of $265.05 million during the quarter, compared to analysts' expectations of $265.64 million. On average, equities analysts forecast that Innovex International, Inc. will post 1.48 earnings per share for the current year.

Institutional Trading of Innovex International

Several large investors have recently added to or reduced their stakes in INVX. Freestone Grove Partners LP acquired a new stake in Innovex International in the 2nd quarter worth approximately $43,000. USA Financial Formulas acquired a new position in Innovex International during the first quarter valued at approximately $53,000. Global Retirement Partners LLC acquired a new position in Innovex International during the second quarter valued at approximately $122,000. Simplex Trading LLC grew its holdings in Innovex International by 15,240.4% during the third quarter. Simplex Trading LLC now owns 7,977 shares of the company's stock valued at $216,000 after purchasing an additional 7,925 shares during the last quarter. Finally, Pictet Asset Management Holding SA bought a new position in shares of Innovex International in the third quarter valued at approximately $217,000.

Analysts Set New Price Targets

Several research analysts have weighed in on INVX shares. Zacks Research lowered shares of Innovex International from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 17th. JPMorgan Chase & Co. assumed coverage on shares of Innovex International in a research report on Tuesday, October 27th. They issued a "neutral" rating and a $33.00 target price for the company. Weiss Ratings lowered shares of Innovex International from a "buy (b-)" rating to a "hold (c)" rating in a research note on Monday. Barclays boosted their price target on shares of Innovex International from $26.00 to $27.00 and gave the company an "equal weight" rating in a report on Tuesday, August 11th. Finally, Citigroup upped their price target on shares of Innovex International from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Innovex International presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.80.

About Innovex International

Innovex International designs and manufactures equipment and technologies used in the construction, completion and production of oil and natural gas wells. Its offerings include wellhead and subsea systems, drilling and completion equipment, downhole tools, and products used to connect and support well operations. The company was formed through the combination of Dril-Quip and Innovex Downhole Solutions, which joined in 2025. Innovex serves energy customers in major oil and gas regions around the world, with products and services intended for both onshore and offshore operations.

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