Innventure (NASDAQ:INV) Director Daniel Hennessy Sells 10,828 Shares

Innventure, Inc. (NASDAQ:INV) Director Daniel Hennessy sold 10,828 shares of the stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $5.21, for a total value of $56,413.88. Following the completion of the transaction, the director directly owned 1,173,745 shares of the company’s stock, valued at $6,115,211.45. This trade represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Innventure Price Performance

Shares of INV stock opened at $3.19 on Wednesday. Innventure, Inc. has a 12-month low of $2.80 and a 12-month high of $14.95. The business has a 50 day simple moving average of $5.13 and a 200 day simple moving average of $4.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.29 and a quick ratio of 0.20.

Innventure (NASDAQ:INV) last released its quarterly earnings results on Thursday, August 14th. The company reported ($1.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($1.43). The business had revenue of $0.48 million during the quarter, compared to the consensus estimate of $0.69 million. Innventure had a negative return on equity of 33.64% and a negative net margin of 20,429.67%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Innventure in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $14.00.

Hedge Funds Weigh In On Innventure

Large investors have recently made changes to their positions in the business. Bank of America Corp DE bought a new position in shares of Innventure during the 4th quarter valued at about $126,000. Fortis Capital Advisors LLC bought a new stake in Innventure during the second quarter worth approximately $52,000. FWG Holdings LLC bought a new stake in shares of Innventure during the 1st quarter worth $111,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Innventure during the 1st quarter worth $116,000. Finally, Jane Street Group LLC bought a new stake in shares of Innventure during the 1st quarter worth $172,000. Institutional investors own 55.98% of the company’s stock.

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.