We-Inn Llc Sells 252,502 Shares of Innventure (NASDAQ:INV) Stock

Innventure, Inc. (NASDAQ:INVGet Free Report) major shareholder We-Inn Llc sold 252,502 shares of Innventure stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $4.68, for a total value of $1,181,709.36. Following the completion of the transaction, the insider owned 6,135,284 shares in the company, valued at $28,713,129.12. This trade represents a 3.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

We-Inn Llc also recently made the following trade(s):

  • On Wednesday, December 17th, We-Inn Llc sold 184,777 shares of Innventure stock. The stock was sold at an average price of $4.86, for a total value of $898,016.22.
  • On Wednesday, December 3rd, We-Inn Llc sold 172,589 shares of Innventure stock. The stock was sold at an average price of $4.76, for a total value of $821,523.64.
  • 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 transaction 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 stock was 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 stock was sold at an average price of $2.92, for a total transaction 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 transaction 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 value of $1,313,250.96.

Innventure Stock Performance

Shares of INV stock opened at $4.70 on Friday. The company has a market cap of $293.61 million, a price-to-earnings ratio of -3.11 and a beta of 0.07. The stock has a 50 day simple moving average of $4.10 and a 200-day simple moving average of $4.79. Innventure, Inc. has a 12-month low of $2.36 and a 12-month high of $14.95. The company has a current ratio of 0.39, a quick ratio of 0.31 and a debt-to-equity ratio of 0.07.

Innventure (NASDAQ:INVGet Free Report) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.27). The business had revenue of ($5.00) million during the quarter, compared to analysts’ expectations of $1.98 million. Innventure had a negative net margin of 18,877.40% and a negative return on equity of 29.39%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Innventure in a research note on Monday, December 8th. 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 company. According to MarketBeat, Innventure has an average rating of “Buy” and an average price target of $14.00.

Read Our Latest Analysis on Innventure

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in INV. Yorkville Advisors Global LP purchased a new stake in shares of Innventure in the 3rd quarter worth about $43,000. Mariner LLC acquired a new position in Innventure during the third quarter worth about $963,000. Bridgeway Capital Management LLC acquired a new position in Innventure during the third quarter worth about $347,000. Vanguard Group Inc. lifted its holdings in shares of Innventure by 3.9% in the third quarter. Vanguard Group Inc. now owns 1,528,649 shares of the company’s stock valued at $8,851,000 after purchasing an additional 56,764 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its position in shares of Innventure by 276.1% in the third quarter. Belpointe Asset Management LLC now owns 380,918 shares of the company’s stock valued at $2,206,000 after purchasing an additional 279,648 shares during the last quarter. Hedge funds and other institutional investors own 55.98% of the company’s stock.

About Innventure

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Innventure (NASDAQ:INV)

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