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

Innventure, Inc. (NASDAQ:INV) Director Daniel Hennessy sold 582,139 shares of Innventure stock in a transaction that occurred on 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 of the company’s stock, valued at $1,006,616.16. This represents a 76.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Innventure Stock Up 16.8%

Shares of Innventure stock opened at $6.90 on Friday. The company has a market cap of $467.41 million, a price-to-earnings ratio of -1.22 and a beta of -0.11. The company’s 50 day moving average is $3.95 and its 200 day moving average is $3.97. Innventure, Inc. has a twelve month low of $2.36 and a twelve month high of $6.96. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.02.

Innventure (NASDAQ:INV) last issued its earnings results on Monday, March 30th. The company reported ($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.03. The company 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%. Research analysts anticipate that Innventure, Inc. will post -1.34 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its stake in shares of Innventure by 55.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 110,593 shares of the company’s stock worth $853,000 after acquiring an additional 39,636 shares during the last quarter. Jane Street Group LLC bought a new position in Innventure in the 1st quarter worth $172,000. Geode Capital Management LLC lifted its position in Innventure by 60.1% during the second quarter. Geode Capital Management LLC now owns 312,201 shares of the company’s stock valued at $1,499,000 after purchasing an additional 117,162 shares in the last quarter. Cresset Asset Management LLC bought a new stake in Innventure during the second quarter valued at about $354,000. Finally, Belpointe Asset Management LLC increased its position in Innventure by 276.1% in the third quarter. Belpointe Asset Management LLC now owns 380,918 shares of the company’s stock worth $2,206,000 after buying an additional 279,648 shares in the last quarter. 55.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on INV shares. Weiss Ratings lowered Innventure from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday. Northland Securities set a $8.00 target price on Innventure in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell” and a consensus price target 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.