Key Points
- Director Daniel Hennessy sold 55,840 shares on Dec. 4 at an average price of $5.19 for $289,809.60, cutting his stake by 6.84% to 761,095 shares valued at roughly $3.95 million.
- Recent results missed estimates: Innventure reported ($0.51) EPS versus a ($0.24) consensus and revenue of ($5.00) million versus $1.98 million expected, with deeply negative margins and return on equity.
- Mixed market view despite institutional support: The stock carries an average analyst "Buy" rating with a $14 target but has mixed notes (Weiss Ratings reissued a "sell (e+)"), while institutional investors own about 55.98% after large stake increases by firms like PNC.
Innventure, Inc. (NASDAQ:INV - Get Free Report) Director Daniel Hennessy sold 55,840 shares of the business's stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $5.19, for a total transaction of $289,809.60. Following the completion of the transaction, the director owned 761,095 shares in the company, valued at approximately $3,950,083.05. This trade represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Innventure Stock Performance
NASDAQ INV opened at $5.33 on Friday. The firm has a market cap of $332.97 million, a price-to-earnings ratio of -3.53 and a beta of 0.07. The company has a 50 day moving average of $4.07 and a 200-day moving average of $4.81. The company has a current ratio of 0.39, a quick ratio of 0.31 and a debt-to-equity ratio of 0.07. Innventure, Inc. has a 1-year low of $2.36 and a 1-year high of $14.95.
Innventure (NASDAQ:INV - Get Free Report) last announced its earnings results on Thursday, November 13th. The company reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.27). The business had revenue of ($5.00) million during the quarter, compared to analyst estimates of $1.98 million. Innventure had a negative return on equity of 29.39% and a negative net margin of 18,877.40%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Innventure in a research note on Monday, November 17th. 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 company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $14.00.
Read Our Latest Research Report on INV
Institutional Trading of Innventure
A number of hedge funds and other institutional investors have recently modified their holdings of INV. PNC Financial Services Group Inc. raised its position in Innventure by 937.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,074,330 shares of the company's stock worth $14,757,000 after purchasing an additional 2,778,036 shares during the last quarter. Abundance Wealth Counselors acquired a new stake in shares of Innventure in the 2nd quarter valued at $3,621,000. Belpointe Asset Management LLC increased its stake in shares of Innventure by 276.1% in the 3rd quarter. Belpointe Asset Management LLC now owns 380,918 shares of the company's stock valued at $2,206,000 after buying an additional 279,648 shares during the period. Mariner LLC bought a new position in Innventure in the third quarter valued at about $963,000. Finally, FWG Holdings LLC boosted its holdings in Innventure by 899.9% in the second quarter. FWG Holdings LLC now owns 143,691 shares of the company's stock valued at $711,000 after acquiring an additional 129,321 shares during the last quarter. Institutional investors and hedge funds own 55.98% of the company's stock.
Innventure Company Profile
(
Get Free Report)
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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