Innventure, Inc. (NASDAQ:INV – Get Free Report) major shareholder We-Inn Llc sold 252,502 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $4.68, for a total value of $1,181,709.36. Following the sale, the insider directly owned 6,135,284 shares in the company, valued at $28,713,129.12. This trade represents a 3.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
We-Inn Llc also recently made the following trade(s):
- On Wednesday, December 17th, We-Inn Llc sold 184,777 shares of Innventure stock. The shares were sold at an average price of $4.86, for a total transaction of $898,016.22.
- On Wednesday, December 3rd, We-Inn Llc sold 172,589 shares of Innventure stock. The shares were sold at an average price of $4.76, for a total value of $821,523.64.
- On Tuesday, December 2nd, We-Inn Llc sold 117,901 shares of Innventure stock. The shares were sold at an average price of $4.95, for a total transaction of $583,609.95.
- On Monday, December 1st, We-Inn Llc sold 427,301 shares of Innventure stock. The stock was sold at an average price of $5.11, for a total value of $2,183,508.11.
- On Thursday, November 20th, We-Inn Llc sold 302,211 shares of Innventure stock. The stock was 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 stock was sold at an average price of $3.34, for a total transaction of $787,455.10.
- On Tuesday, November 18th, We-Inn Llc sold 263,782 shares of Innventure stock. The stock was sold at an average price of $3.61, for a total value of $952,253.02.
- 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 value of $437,147.36.
- On Monday, October 27th, We-Inn Llc sold 98,167 shares of Innventure stock. The stock was sold at an average price of $2.97, for a total transaction 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 transaction of $1,313,250.96.
Innventure Price Performance
INV traded down $0.41 on Thursday, hitting $4.35. 1,851,903 shares of the company were exchanged, compared to its average volume of 401,608. Innventure, Inc. has a fifty-two week low of $2.36 and a fifty-two week high of $14.95. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.31 and a current ratio of 0.39. The firm has a market capitalization of $271.74 million, a P/E ratio of -2.88 and a beta of 0.07. The business’s fifty day moving average is $4.08 and its 200 day moving average is $4.79.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Innventure in a research note on Monday, December 8th. Two equities 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 currently has a consensus rating of “Buy” and a consensus target price of $14.00.
Read Our Latest Research Report on Innventure
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Yorkville Advisors Global LP purchased a new position in Innventure in the 3rd quarter valued at about $43,000. Fortis Capital Advisors LLC acquired a new position in shares of Innventure in the second quarter valued at approximately $52,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Innventure during the first quarter valued at approximately $116,000. Naviter Wealth LLC acquired a new stake in Innventure during the second quarter worth approximately $141,000. Finally, Diametric Capital LP grew its stake in Innventure by 144.3% in 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 during the period. Institutional investors and hedge funds 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.
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