Key Points
- We-Inn LLC sold 184,777 Innventure shares on Dec. 17 at an average price of $4.86 for $898,016, trimming its stake by 2.81% to 6,387,786 shares valued at about $31.0 million.
- The same large shareholder has been repeatedly selling since October, raising a total of over $10.5 million from multiple transactions between Oct. 22 and Dec. 18, signaling sustained insider liquidation.
- Innventure reported a quarterly negative EPS
Innventure, Inc. (NASDAQ:INV - Get Free Report) major shareholder We-Inn Llc sold 184,777 shares of the firm's stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $4.86, for a total value of $898,016.22. Following the completion of the sale, the insider directly owned 6,387,786 shares in the company, valued at approximately $31,044,639.96. This represents a 2.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
We-Inn Llc also recently made the following trade(s):
- On Thursday, December 18th, We-Inn Llc sold 252,502 shares of Innventure stock. The stock was sold at an average price of $4.68, for a total value of $1,181,709.36.
- 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 value 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 shares were 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 shares were sold at an average price of $3.61, for a total transaction of $952,253.02.
- On Wednesday, October 29th, We-Inn Llc sold 149,708 shares of Innventure stock. The stock was 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 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 Stock Performance
NASDAQ INV opened at $4.35 on Friday. The firm's fifty day moving average price is $4.07 and its two-hundred day moving average price is $4.79. The stock has a market cap of $271.75 million, a PE ratio of -2.88 and a beta of 0.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.31 and a current ratio of 0.39. Innventure, Inc. has a fifty-two week low of $2.36 and a fifty-two week high of $14.95.
Innventure (NASDAQ:INV - Get Free Report) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.51) EPS for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.27). The firm had revenue of ($5.00) million during the quarter, compared to the consensus estimate of $1.98 million. Innventure had a negative net margin of 18,877.40% and a negative return on equity of 29.39%.
Analyst Ratings Changes
Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Innventure in a report on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $14.00.
Read Our Latest Stock Report on INV
Institutional Trading of Innventure
A number of institutional investors and hedge funds have recently bought and sold shares of INV. Yorkville Advisors Global LP bought a new position in Innventure during the 3rd quarter worth $43,000. Fortis Capital Advisors LLC bought a new stake in shares of Innventure in the 2nd quarter valued at about $52,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Innventure in the 1st quarter valued at about $116,000. Naviter Wealth LLC acquired a new stake in shares of Innventure in the second quarter valued at about $141,000. Finally, Diametric Capital LP raised its position in shares of Innventure by 144.3% during the second 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 last quarter. 55.98% of the stock is currently owned by institutional investors and hedge funds.
About Innventure
(
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.
Further Reading
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