Innventure (NASDAQ:INV) Major Shareholder Sells $952,253.02 in Stock

Innventure, Inc. (NASDAQ:INV) major shareholder We-Inn Llc sold 263,782 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $3.61, for a total transaction of $952,253.02. Following the completion of the sale, the insider owned 7,828,328 shares of the company’s stock, valued at approximately $28,260,264.08. This represents a 3.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, November 20th, We-Inn Llc sold 302,211 shares of Innventure stock. The shares were 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 shares were sold at an average price of $3.34, for a total value of $787,455.10.
• On Wednesday, October 29th, We-Inn Llc sold 149,708 shares of Innventure stock. The shares were 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 value of $291,555.99.
• On Wednesday, October 22nd, We-Inn Llc sold 436,296 shares of Innventure stock. The shares were sold at an average price of $3.01, for a total value of $1,313,250.96.
• On Friday, October 24th, We-Inn Llc sold 263,627 shares of Innventure stock. The stock was sold at an average price of $3.03, for a total transaction of $798,789.81.
• On Thursday, October 23rd, We-Inn Llc sold 193,587 shares of Innventure stock. The shares were sold at an average price of $3.13, for a total transaction of $605,927.31.
• On Friday, October 10th, We-Inn Llc sold 2,300 shares of Innventure stock. The stock was sold at an average price of $3.92, for a total value of $9,016.00.

Innventure Trading Up 4.2%

INV traded up $0.14 during trading on Thursday, hitting $3.49. The company’s stock had a trading volume of 2,163,183 shares, compared to its average volume of 1,279,237. The company has a quick ratio of 0.31, a current ratio of 0.39 and a debt-to-equity ratio of 0.07. Innventure, Inc. has a twelve month low of $2.36 and a twelve month high of $14.95. The stock’s fifty day moving average price is $4.29 and its 200-day moving average price is $4.75. The firm has a market capitalization of $195.54 million, a P/E ratio of -2.31 and a beta of 0.15.

Innventure (NASDAQ:INV) last posted its earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.27). Innventure had a negative return on equity of 29.39% and a negative net margin of 18,877.40%.The firm had revenue of $0.53 million during the quarter, compared to the consensus estimate of $1.98 million.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Innventure in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $14.00.

Institutional Trading of Innventure

A number of large investors have recently made changes to their positions in INV. Yorkville Advisors Global LP bought a new position in Innventure in the third quarter worth approximately $43,000. Fortis Capital Advisors LLC acquired a new stake in shares of Innventure in the second quarter valued at about $52,000. OMERS ADMINISTRATION Corp acquired a new position in Innventure in the 1st quarter valued at about $116,000. Diametric Capital LP grew its stake in Innventure by 144.3% during the 2nd quarter. Diametric Capital LP now owns 32,573 shares of the company’s stock worth $156,000 after purchasing an additional 19,242 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Innventure in the first quarter valued at $172,000. 55.98% of the stock is currently owned by institutional investors.

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.