Innventure (NASDAQ:INV) Chairman Michael Otworth Acquires 12,000 Shares of Stock

Innventure, Inc. (NASDAQ:INV) Chairman Michael Otworth acquired 12,000 shares of Innventure stock in a transaction dated Tuesday, December 2nd. The shares were bought at an average price of $5.06 per share, with a total value of $60,720.00. Following the transaction, the chairman directly owned 3,492,607 shares in the company, valued at approximately $17,672,591.42. The trade was a 0.34% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Innventure Stock Performance

Shares of INV opened at $4.97 on Thursday. Innventure, Inc. has a 12-month low of $2.36 and a 12-month high of $14.95. The company has a current ratio of 0.39, a quick ratio of 0.31 and a debt-to-equity ratio of 0.07. The firm has a market cap of $310.49 million, a PE ratio of -3.29 and a beta of 0.07. The company’s 50 day simple moving average is $4.07 and its 200-day simple moving average is $4.80.

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 company had revenue of ($5.00) million for 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%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INV. Yorkville Advisors Global LP purchased a new stake in shares of Innventure during the third quarter worth about $43,000. Fortis Capital Advisors LLC purchased a new position in shares of Innventure during the 2nd quarter worth $52,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Innventure during the first quarter worth $116,000. Diametric Capital LP increased its stake in Innventure by 144.3% in the second quarter. Diametric Capital LP now owns 32,573 shares of the company’s stock valued at $156,000 after purchasing an additional 19,242 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Innventure during the first quarter worth about $172,000. 55.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Innventure in a report on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Innventure has a consensus rating of “Buy” and a consensus target price of $14.00.

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.