Innovex International (NYSE:INVX) CEO Sells $331,025.00 in Stock

Innovex International, Inc. (NYSE:INVX) CEO Adam Anderson sold 13,241 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $25.00, for a total transaction of $331,025.00. Following the sale, the chief executive officer owned 498,822 shares in the company, valued at approximately $12,470,550. This trade represents a 2.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Innovex International Stock Up 0.1%

Shares of Innovex International stock traded up $0.02 during trading on Thursday, hitting $24.30. The company’s stock had a trading volume of 450,593 shares, compared to its average volume of 371,469. Innovex International, Inc. has a 52 week low of $11.93 and a 52 week high of $25.15. The company has a market capitalization of $1.67 billion, a PE ratio of 16.53 and a beta of 0.74. The company has a fifty day simple moving average of $22.32 and a two-hundred day simple moving average of $19.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.93 and a current ratio of 4.78.

Innovex International (NYSE:INVX) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.09). Innovex International had a return on equity of 8.51% and a net margin of 10.59%.The business had revenue of $240.00 million for the quarter, compared to the consensus estimate of $235.00 million.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on INVX shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Innovex International in a research report on Monday, December 29th. Piper Sandler increased their target price on Innovex International from $20.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Innovex International currently has an average rating of “Moderate Buy” and an average target price of $20.00.

Institutional Investors Weigh In On Innovex International

Several institutional investors and hedge funds have recently made changes to their positions in INVX. Wellington Management Group LLP raised its holdings in Innovex International by 52.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,434,808 shares of the company’s stock worth $45,141,000 after acquiring an additional 837,027 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Innovex International during the 4th quarter valued at $12,702,000. Brandes Investment Partners LP increased its holdings in shares of Innovex International by 7.7% in the 2nd quarter. Brandes Investment Partners LP now owns 7,054,674 shares of the company’s stock worth $110,194,000 after purchasing an additional 504,935 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of Innovex International by 371.9% in the second quarter. Bridgeway Capital Management LLC now owns 344,178 shares of the company’s stock worth $5,376,000 after purchasing an additional 271,247 shares during the last quarter. Finally, Investment Management Associates Inc. ADV lifted its holdings in shares of Innovex International by 65.8% during the second quarter. Investment Management Associates Inc. ADV now owns 640,625 shares of the company’s stock valued at $10,007,000 after purchasing an additional 254,356 shares in the last quarter.

Innovex International Company Profile

Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.