Insider Selling: Innventure (NASDAQ:INV) Major Shareholder Sells 193,587 Shares of Stock

Key Points

• We-Inn LLC, a major shareholder of Innventure, sold 193,587 shares for approximately $605,927 on October 23rd, reducing their ownership by 2.20%.
• Innventure recently reported a net loss of ($1.60) earnings per share, missing analyst estimates and reflecting a negative net margin of 20,429.67%.
• Amidst these developments, analysts maintain an average "Buy" rating for Innventure, with a target price of $14.00, despite some recent negative ratings from Weiss Ratings.

Innventure, Inc. (NASDAQ:INV - Get Free Report) major shareholder We-Inn Llc sold 193,587 shares of the business's stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $3.13, for a total transaction of $605,927.31. Following the completion of the sale, the insider directly owned 8,603,612 shares of the company's stock, valued at $26,929,305.56. This represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

We-Inn Llc also recently made the following trade(s):

• On Friday, October 24th, We-Inn Llc sold 263,627 shares of Innventure stock. The stock was sold at an average price of $3.03, for a total transaction of $798,789.81.
• On Friday, October 10th, We-Inn Llc sold 2,300 shares of Innventure stock. The stock was sold at an average price of $3.92, for a total transaction of $9,016.00.

Innventure Trading Down 1.0%

INV stock traded down $0.03 during trading hours on Friday, hitting $3.01. The company's stock had a trading volume of 1,712,091 shares, compared to its average volume of 682,280. The stock has a 50 day moving average price of $4.88 and a two-hundred day moving average price of $4.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.20 and a current ratio of 0.29. Innventure, Inc. has a 12 month low of $2.80 and a 12 month high of $14.95.

Innventure (NASDAQ:INV - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($1.60) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $0.48 million during the quarter, compared to analyst estimates of $0.69 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Innventure in a research note on Tuesday, October 14th. 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. Based on data from MarketBeat, Innventure presently has an average rating of "Buy" and an average price target of $14.00.

Hedge Funds Weigh In On Innventure

Large investors have recently bought and sold shares of the stock. Fortis Capital Advisors LLC acquired a new position in Innventure during the 2nd quarter valued at $52,000. FWG Holdings LLC bought a new stake in Innventure in the 1st quarter valued at $111,000. OMERS ADMINISTRATION Corp bought a new stake in Innventure in the 1st quarter valued at $116,000. Jane Street Group LLC bought a new stake in Innventure in the 1st quarter valued at $172,000. Finally, Naviter Wealth LLC bought a new stake in Innventure in the 2nd quarter valued at $141,000. 55.98% of the stock is currently owned by institutional investors and hedge funds.

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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