Innventure, Inc. (NASDAQ:INV - Get Free Report) Director Daniel Hennessy sold 582,139 shares of the business's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $5.52, for a total transaction of $3,213,407.28. Following the sale, the director directly owned 182,358 shares of the company's stock, valued at approximately $1,006,616.16. This represents a 76.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Innventure Price Performance
Shares of NASDAQ:INV opened at $5.91 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.02. Innventure, Inc. has a fifty-two week low of $2.36 and a fifty-two week high of $6.96. The firm has a 50-day simple moving average of $3.87 and a 200 day simple moving average of $3.95. The company has a market cap of $400.34 million, a PE ratio of -1.05 and a beta of -0.11.
Innventure (NASDAQ:INV - Get Free Report) last announced its quarterly earnings data on Monday, March 30th. The company reported ($0.29) earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $0.03. The business had revenue of $0.82 million during the quarter, compared to the consensus estimate of $2.01 million. Innventure had a negative net margin of 14,266.39% and a negative return on equity of 23.77%. On average, sell-side analysts anticipate that Innventure, Inc. will post -1.34 EPS for the current year.
Analysts Set New Price Targets
A number of research firms have issued reports on INV. Weiss Ratings reissued a "sell (d-)" rating on shares of Innventure in a research note on Monday, December 29th. Northland Securities set a $8.00 target price on shares of Innventure in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of "Sell" and a consensus target price of $8.00.
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Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of INV. OLD National Bancorp IN acquired a new stake in shares of Innventure in the 1st quarter worth approximately $322,000. Redwood Family Wealth LLC acquired a new stake in shares of Innventure in the 4th quarter worth approximately $192,000. Virtu Financial LLC acquired a new stake in shares of Innventure in the 4th quarter worth approximately $96,000. Invesco Ltd. acquired a new stake in shares of Innventure in the 4th quarter worth approximately $66,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Innventure in the 4th quarter worth approximately $631,000. 55.98% of the stock is owned by institutional investors and hedge funds.
About Innventure
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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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