Insider Selling: Innventure (NASDAQ:INV) Major Shareholder Sells 263,627 Shares of Stock

Key Points

• Major shareholder We-Inn LLC sold 263,627 shares of Innventure stock at an average price of $3.03, totaling nearly $800,000, and now holds approximately 8.34 million shares.
• Innventure reported a significant loss in its latest quarterly earnings, with an EPS of ($1.60), missing estimates by ($1.43) and showing a negative net margin of over 20,000%.
• Analyst ratings show a mixed outlook on Innventure, with two analysts giving it a Strong Buy and a consensus target price of $14.00, despite Weiss Ratings reaffirming a sell rating.

Innventure, Inc. (NASDAQ:INV - Get Free Report) major shareholder We-Inn Llc sold 263,627 shares of the company's stock in a transaction on Friday, October 24th. The shares were sold at an average price of $3.03, for a total transaction of $798,789.81. Following the completion of the transaction, the insider owned 8,339,985 shares of the company's stock, valued at $25,270,154.55. This represents a 3.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, October 23rd, We-Inn Llc sold 193,587 shares of Innventure stock. The shares were sold at an average price of $3.13, for a total transaction of $605,927.31.
• On Friday, October 10th, We-Inn Llc sold 2,300 shares of Innventure stock. The shares were sold at an average price of $3.92, for a total transaction of $9,016.00.

Innventure Price Performance

NASDAQ INV traded down $0.03 during trading hours on Friday, hitting $3.01. The company had a trading volume of 1,712,091 shares, compared to its average volume of 682,280. 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 1-year low of $2.80 and a 1-year high of $14.95. The business has a 50 day moving average of $4.88 and a 200-day moving average of $4.81.

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

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Innventure in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Innventure presently has an average rating of "Buy" and a consensus target price of $14.00.

Institutional Investors Weigh In On Innventure

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Diametric Capital LP raised its holdings in shares of Innventure by 144.3% in the second quarter. Diametric Capital LP now owns 32,573 shares of the company's stock valued at $156,000 after buying an additional 19,242 shares during the last quarter. Cresset Asset Management LLC purchased a new stake in shares of Innventure in the second quarter valued at about $354,000. Geode Capital Management LLC raised its holdings in shares of Innventure by 60.1% in the second quarter. Geode Capital Management LLC now owns 312,201 shares of the company's stock valued at $1,499,000 after buying an additional 117,162 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Innventure by 937.6% during the second quarter. PNC Financial Services Group Inc. now owns 3,074,330 shares of the company's stock worth $14,757,000 after purchasing an additional 2,778,036 shares in the last quarter. Finally, FWG Holdings LLC raised its holdings in Innventure by 899.9% during the second quarter. FWG Holdings LLC now owns 143,691 shares of the company's stock worth $711,000 after purchasing an additional 129,321 shares in the last quarter. 55.98% of the stock is owned by hedge funds and other 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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