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

Innventure, Inc. (NASDAQ:INV) Director Daniel Hennessy sold 582,139 shares of the company’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 owned 182,358 shares in the company, valued at approximately $1,006,616.16. This trade represents a 76.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Innventure Stock Down 2.5%

INV traded down $0.15 during midday trading on Wednesday, reaching $5.91. The company’s stock had a trading volume of 1,698,599 shares, compared to its average volume of 1,828,515. The firm has a market capitalization of $400.34 million, a price-to-earnings ratio of -1.05 and a beta of -0.11. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.02. Innventure, Inc. has a 1 year low of $2.36 and a 1 year high of $6.96. The stock’s 50-day moving average is $3.82 and its 200-day moving average is $3.94.

Innventure (NASDAQ:INV) last announced its quarterly earnings data on Monday, March 30th. The company reported ($0.29) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.03. The business had revenue of $0.82 million for the quarter, compared to analysts’ expectations of $2.01 million. Innventure had a negative net margin of 14,266.39% and a negative return on equity of 23.77%. As a group, research analysts expect that Innventure, Inc. will post -1.34 EPS for the current year.

Institutional Investors Weigh In On Innventure

Institutional investors have recently made changes to their positions in the company. Belpointe Asset Management LLC grew its holdings in shares of Innventure by 276.1% during the third quarter. Belpointe Asset Management LLC now owns 380,918 shares of the company’s stock valued at $2,206,000 after buying an additional 279,648 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Innventure during the fourth quarter valued at approximately $32,000. OLD National Bancorp IN purchased a new stake in shares of Innventure during the first quarter valued at approximately $322,000. Redwood Family Wealth LLC purchased a new stake in shares of Innventure during the fourth quarter valued at approximately $192,000. Finally, Yorkville Advisors Global LP grew its holdings in shares of Innventure by 17,166.7% during the fourth quarter. Yorkville Advisors Global LP now owns 1,295,000 shares of the company’s stock valued at $5,413,000 after buying an additional 1,287,500 shares during the last quarter. Hedge funds and other institutional investors own 55.98% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.