We-Inn Llc Sells 184,777 Shares of Innventure (NASDAQ:INV) Stock

Innventure, Inc. (NASDAQ:INV) major shareholder We-Inn Llc sold 184,777 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $4.86, for a total transaction of $898,016.22. Following the completion of the sale, the insider owned 6,387,786 shares in the company, valued at approximately $31,044,639.96. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 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 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 shares were sold at an average price of $3.51, for a total value 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 value 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 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 stock was sold at an average price of $3.01, for a total transaction of $1,313,250.96.

Innventure Price Performance

INV stock opened at $4.70 on Friday. The stock has a market cap of $293.61 million, a PE ratio of -3.11 and a beta of 0.07. Innventure, Inc. has a 12 month low of $2.36 and a 12 month high of $14.95. The company has a 50-day moving average price of $4.10 and a 200 day moving average price of $4.79. 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 (NASDAQ:INV) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.51) earnings per share 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 analysts’ expectations of $1.98 million. Innventure had a negative return on equity of 29.39% and a negative net margin of 18,877.40%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Innventure in a report on Monday, December 8th. Two 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $14.00.

Institutional Investors Weigh In On Innventure

Several large investors have recently added to or reduced their stakes in the stock. Yorkville Advisors Global LP bought a new position in Innventure in the 3rd quarter worth about $43,000. Fortis Capital Advisors LLC purchased a new stake in shares of Innventure in the second quarter valued at approximately $52,000. OMERS ADMINISTRATION Corp bought a new position in Innventure in the first quarter worth approximately $116,000. Naviter Wealth LLC bought a new position in Innventure in the second quarter worth approximately $141,000. Finally, Diametric Capital LP increased its holdings in 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 purchasing an additional 19,242 shares during the period. 55.98% of the stock is owned by hedge funds and other institutional investors.

Innventure Company Profile

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.