Innventure (NASDAQ:INV) Director Daniel Hennessy Sells 266,367 Shares

Innventure, Inc. (NASDAQ:INV) Director Daniel Hennessy sold 266,367 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $5.31, for a total transaction of $1,414,408.77. Following the sale, the director owned 907,378 shares of the company’s stock, valued at $4,818,177.18. The trade was a 22.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Innventure Price Performance

Innventure stock traded down $0.28 during mid-day trading on Wednesday, hitting $5.20. The company’s stock had a trading volume of 2,597,599 shares, compared to its average volume of 1,547,652. The stock has a market capitalization of $324.84 million, a P/E ratio of -3.44 and a beta of 0.15. Innventure, Inc. has a twelve month low of $2.36 and a twelve month high of $14.95. The stock’s fifty day moving average price is $4.16 and its two-hundred day moving average price is $4.77. The company has a quick ratio of 0.31, a current ratio of 0.39 and a debt-to-equity ratio of 0.07.

Innventure (NASDAQ:INV) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.27). The company had revenue of $0.53 million for the quarter, compared to analyst estimates of $1.98 million. Innventure had a negative net margin of 18,877.40% and a negative return on equity of 29.39%.

Institutional Trading of Innventure

A number of hedge funds have recently modified their holdings of INV. Yorkville Advisors Global LP acquired a new stake in shares of Innventure in the third quarter worth $43,000. Fortis Capital Advisors LLC acquired a new position in Innventure during the second quarter valued at $52,000. OMERS ADMINISTRATION Corp purchased a new stake in Innventure in the 1st quarter worth about $116,000. Naviter Wealth LLC acquired a new stake in Innventure during the 2nd quarter worth about $141,000. Finally, Diametric Capital LP boosted its position in Innventure by 144.3% during the 2nd quarter. Diametric Capital LP now owns 32,573 shares of the company’s stock worth $156,000 after acquiring an additional 19,242 shares during the period. Hedge funds and other 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $14.00.

About Innventure

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.