Innventure (NASDAQ:INV) Major Shareholder We-Inn Llc Sells 263,627 Shares

Innventure, Inc. (NASDAQ:INV) major shareholder We-Inn Llc sold 263,627 shares of Innventure stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $3.03, for a total value of $798,789.81. Following the sale, the insider directly owned 8,339,985 shares of the company’s stock, valued at approximately $25,270,154.55. This represents a 3.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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, 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 value 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 Down 1.0%

Shares of NASDAQ INV opened at $3.01 on Friday. The business’s 50 day moving average price is $4.88 and its 200 day moving average price is $4.81. Innventure, Inc. has a 52 week low of $2.80 and a 52 week high of $14.95. The company has a current ratio of 0.29, a quick ratio of 0.20 and a debt-to-equity ratio of 0.04.

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

Hedge Funds Weigh In On Innventure

Several large investors have recently made changes to their positions in the company. Fortis Capital Advisors LLC purchased a new stake in Innventure during the second quarter worth $52,000. FWG Holdings LLC acquired a new position in shares of Innventure in the first quarter worth about $111,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Innventure in the first quarter worth about $116,000. Diametric Capital LP boosted its stake in shares of 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 acquiring an additional 19,242 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Innventure during the 1st quarter valued at about $172,000. 55.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Innventure in a report on Tuesday, October 14th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $14.00.

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.