Insider Buying: Innventure (NASDAQ:INV) Chairman Acquires 12,000 Shares of Stock

Innventure, Inc. (NASDAQ:INV) Chairman Michael Otworth acquired 12,000 shares of Innventure stock in a transaction dated Tuesday, December 2nd. The stock was bought at an average price of $5.06 per share, for a total transaction of $60,720.00. Following the completion of the transaction, the chairman directly owned 3,492,607 shares of the company’s stock, valued at approximately $17,672,591.42. This represents a 0.34% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Innventure Price Performance

Innventure stock traded up $0.01 during midday trading on Wednesday, reaching $4.98. 1,238,989 shares of the company were exchanged, compared to its average volume of 343,140. The firm’s 50-day simple moving average is $4.09 and its 200-day simple moving average is $4.80. Innventure, Inc. has a 1 year low of $2.36 and a 1 year high of $14.95. The company has a market capitalization of $311.10 million, a price-to-earnings ratio of -3.30 and a beta of 0.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.31 and a current ratio of 0.39.

Innventure (NASDAQ:INV) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.27). Innventure had a negative net margin of 18,877.40% and a negative return on equity of 29.39%. The firm had revenue of ($5.00) million during the quarter, compared to analyst estimates of $1.98 million.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Innventure in a research report on Monday, November 17th. Two investment 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 MarketBeat, Innventure currently has a consensus rating of “Buy” and a consensus price target of $14.00.

Institutional Trading of Innventure

Institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its holdings in shares of Innventure by 937.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,074,330 shares of the company’s stock worth $14,757,000 after buying an additional 2,778,036 shares during the last quarter. Vanguard Group Inc. grew its position in Innventure by 3.9% during the third quarter. Vanguard Group Inc. now owns 1,528,649 shares of the company’s stock valued at $8,851,000 after acquiring an additional 56,764 shares during the period. Abundance Wealth Counselors acquired a new stake in Innventure during the second quarter worth about $3,621,000. Belpointe Asset Management LLC increased its stake in Innventure by 276.1% during the third quarter. Belpointe Asset Management LLC now owns 380,918 shares of the company’s stock worth $2,206,000 after acquiring an additional 279,648 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Innventure by 60.1% in the 2nd quarter. Geode Capital Management LLC now owns 312,201 shares of the company’s stock worth $1,499,000 after purchasing an additional 117,162 shares during the period. 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.