Innventure (NASDAQ:INV) Major Shareholder We-Inn Llc Sells 172,589 Shares

Innventure, Inc. (NASDAQ:INV) major shareholder We-Inn Llc sold 172,589 shares of Innventure stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $4.76, for a total value of $821,523.64. Following the completion of the transaction, the insider owned 6,572,561 shares in the company, valued at $31,285,390.36. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 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 Tuesday, December 2nd, We-Inn Llc sold 117,901 shares of Innventure stock. The shares were sold at an average price of $4.95, for a total transaction of $583,609.95.
• On Monday, December 1st, We-Inn Llc sold 427,301 shares of Innventure stock. The shares were sold at an average price of $5.11, for a total transaction of $2,183,508.11.
• On Thursday, November 20th, We-Inn Llc sold 302,211 shares of Innventure stock. The stock was sold at an average price of $3.51, for a total value of $1,060,760.61.
• On Wednesday, November 19th, We-Inn Llc sold 235,765 shares of Innventure stock. The stock was sold at an average price of $3.34, for a total transaction of $787,455.10.
• On Tuesday, November 18th, We-Inn Llc sold 263,782 shares of Innventure stock. The shares were sold at an average price of $3.61, for a total transaction of $952,253.02.
• On Wednesday, October 29th, We-Inn Llc sold 149,708 shares of Innventure stock. The shares were sold at an average price of $2.92, for a total value of $437,147.36.
• On Monday, October 27th, We-Inn Llc sold 98,167 shares of Innventure stock. The shares were sold at an average price of $2.97, for a total value of $291,555.99.
• On Wednesday, October 22nd, We-Inn Llc sold 436,296 shares of Innventure stock. The stock was sold at an average price of $3.01, for a total transaction of $1,313,250.96.
• On Friday, October 24th, We-Inn Llc sold 263,627 shares of Innventure stock. The shares were sold at an average price of $3.03, for a total value of $798,789.81.
• On Thursday, October 23rd, We-Inn Llc sold 193,587 shares of Innventure stock. The stock was sold at an average price of $3.13, for a total transaction of $605,927.31.

Innventure Trading Up 0.2%

Innventure stock opened at $4.98 on Thursday. Innventure, Inc. has a 52 week low of $2.36 and a 52 week high of $14.95. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.31 and a current ratio of 0.39. The firm has a market capitalization of $311.11 million, a PE ratio of -3.30 and a beta of 0.07. The business’s 50-day simple moving average is $4.07 and its 200-day simple moving average is $4.80.

Innventure (NASDAQ:INV) last released its earnings results on Thursday, November 13th. The company reported ($0.51) EPS for the quarter, missing the consensus estimate 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 company had revenue of ($5.00) million for the quarter, compared to analyst estimates of $1.98 million.

Hedge Funds Weigh In On Innventure

Several institutional investors have recently bought and sold shares of the business. Yorkville Advisors Global LP bought a new stake in shares of Innventure during the third quarter worth $43,000. Fortis Capital Advisors LLC acquired a new position in Innventure during the 2nd quarter worth about $52,000. OMERS ADMINISTRATION Corp bought a new stake in Innventure during the 1st quarter worth about $116,000. Diametric Capital LP increased its position in Innventure by 144.3% in the 2nd quarter. Diametric Capital LP now owns 32,573 shares of the company’s stock valued at $156,000 after acquiring an additional 19,242 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Innventure in the 1st quarter valued at about $172,000. Institutional investors own 55.98% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Innventure in a report on Monday, November 17th. Two 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 stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price 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.