68,957 Shares in Innventure, Inc. $INV Purchased by Angeles Wealth Management LLC

Angeles Wealth Management LLC acquired a new position in shares of Innventure, Inc. (NASDAQ:INV) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 68,957 shares of the company’s stock, valued at approximately $331,000. Angeles Wealth Management LLC owned 0.13% of Innventure as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Naviter Wealth LLC acquired a new stake in Innventure during the second quarter worth about $141,000. Belpointe Asset Management LLC acquired a new stake in Innventure during the second quarter worth about $486,000. Fortis Capital Advisors LLC acquired a new stake in Innventure during the second quarter worth about $52,000. Abundance Wealth Counselors acquired a new stake in Innventure during the second quarter worth about $3,621,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Innventure by 55.9% in the first quarter. Goldman Sachs Group Inc. now owns 110,593 shares of the company’s stock valued at $853,000 after purchasing an additional 39,636 shares during the period. Institutional investors and hedge funds own 55.98% of the company’s stock.

Insider Activity at Innventure

In related news, Director Daniel J. Hennessy sold 10,828 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $5.21, for a total transaction of $56,413.88. Following the transaction, the director owned 1,173,745 shares in the company, valued at $6,115,211.45. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 28,499 shares of company stock worth $143,409 in the last quarter. 23.13% of the stock is owned by company insiders.

Innventure Stock Performance

Shares of NASDAQ:INV opened at $3.47 on Friday. Innventure, Inc. has a 52 week low of $2.80 and a 52 week high of $14.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.20 and a current ratio of 0.29. The firm’s 50 day moving average is $5.04 and its two-hundred day moving average is $4.86.

Innventure (NASDAQ:INV) last posted its quarterly earnings data 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 company had revenue of $0.48 million for the quarter, compared to analyst estimates of $0.69 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Innventure in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus 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.