Innventure (NASDAQ:INV) Director Daniel Hennessy Sells 582,139 Shares

Innventure, Inc. (NASDAQ:INV) Director Daniel Hennessy sold 582,139 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $5.52, for a total transaction of $3,213,407.28. Following the completion of the sale, the director directly owned 182,358 shares of the company’s stock, valued at $1,006,616.16. The trade was a 76.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Innventure Price Performance

INV opened at $5.91 on Thursday. The company has a 50-day moving average of $3.87 and a 200-day moving average of $3.95. The company has a market capitalization of $400.34 million, a P/E ratio of -1.05 and a beta of -0.11. Innventure, Inc. has a 1-year low of $2.36 and a 1-year high of $6.96. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.07 and a current ratio of 1.09.

Innventure (NASDAQ:INV) last released its earnings results on Monday, March 30th. The company reported ($0.29) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.03. The company had revenue of $0.82 million during the quarter, compared to the consensus estimate of $2.01 million. Innventure had a negative net margin of 14,266.39% and a negative return on equity of 23.77%. Equities analysts expect that Innventure, Inc. will post -1.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Innventure

Institutional investors have recently modified their holdings of the business. Yorkville Advisors Global LP bought a new stake in shares of Innventure during the 3rd quarter valued at about $43,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Innventure during the 4th quarter valued at about $32,000. WESPAC Advisors LLC bought a new stake in shares of Innventure during the 4th quarter valued at about $42,000. Diversify Advisory Services LLC bought a new stake in shares of Innventure during the 4th quarter valued at about $44,000. Finally, Jump Financial LLC bought a new stake in shares of Innventure during the 4th quarter valued at about $61,000. Institutional investors own 55.98% of the company’s stock.

Analyst Upgrades and Downgrades

INV has been the subject of several research analyst reports. Northland Securities set a $8.00 target price on shares of Innventure in a research report on Thursday, January 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Innventure in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell” and a consensus target price of $8.00.

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.