Innventure (NASDAQ:INV) Director Daniel Hennessy Sells 8,606 Shares of Stock

Innventure, Inc. (NASDAQ:INV) Director Daniel Hennessy sold 8,606 shares of the company’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $5.05, for a total transaction of $43,460.30. Following the completion of the transaction, the director owned 1,184,573 shares in the company, valued at $5,982,093.65. This trade represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Innventure Price Performance

INV stock opened at $5.05 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.20 and a current ratio of 0.29. The company’s 50-day simple moving average is $5.23 and its 200 day simple moving average is $5.07. Innventure, Inc. has a 52 week low of $3.00 and a 52 week high of $14.95.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Innventure in a research note on Saturday, September 27th. Two research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $14.00.

Institutional Investors Weigh In On Innventure

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE bought a new stake in Innventure during the fourth quarter worth about $126,000. Fortis Capital Advisors LLC bought a new stake in Innventure during the second quarter worth about $52,000. FWG Holdings LLC bought a new stake in Innventure during the first quarter worth about $111,000. OMERS ADMINISTRATION Corp bought a new position in shares of Innventure in the first quarter worth about $116,000. Finally, Jane Street Group LLC bought a new position in shares of Innventure in the first quarter worth about $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.