Innovex International (NYSE:INVX) CEO Sells $357,507.00 in Stock

Innovex International, Inc. (NYSE:INVX) CEO Adam Anderson sold 13,241 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $27.00, for a total transaction of $357,507.00. Following the sale, the chief executive officer directly owned 485,581 shares of the company’s stock, valued at approximately $13,110,687. This represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Adam Anderson also recently made the following trade(s):

• On Tuesday, February 24th, Adam Anderson sold 18,837 shares of Innovex International stock. The shares were sold at an average price of $28.50, for a total transaction of $536,854.50.
• On Wednesday, January 14th, Adam Anderson sold 13,241 shares of Innovex International stock. The stock was sold at an average price of $25.00, for a total value of $331,025.00.

Innovex International Price Performance

NYSE INVX opened at $26.57 on Friday. The company has a market capitalization of $1.83 billion, a PE ratio of 22.14 and a beta of 0.75. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.93 and a current ratio of 4.91. The business’s fifty day moving average is $24.39 and its 200 day moving average is $21.03. Innovex International, Inc. has a fifty-two week low of $11.93 and a fifty-two week high of $29.48.

Innovex International (NYSE:INVX) last issued its quarterly earnings results on Monday, February 23rd. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.09). Innovex International had a return on equity of 6.55% and a net margin of 8.52%.The company had revenue of $273.60 million during the quarter, compared to analysts’ expectations of $240.00 million.

Analysts Set New Price Targets

Several brokerages have weighed in on INVX. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Innovex International in a report on Monday, December 29th. Piper Sandler lifted their target price on shares of Innovex International from $20.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Innovex International presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Institutional Investors Weigh In On Innovex International

A number of institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd raised its position in shares of Innovex International by 26,300.0% during the third quarter. Covestor Ltd now owns 1,848 shares of the company’s stock valued at $34,000 after buying an additional 1,841 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Innovex International by 31.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,151 shares of the company’s stock valued at $40,000 after acquiring an additional 511 shares during the last quarter. Strs Ohio bought a new stake in Innovex International in the 4th quarter valued at $44,000. First Horizon Advisors Inc. lifted its stake in Innovex International by 150.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,367 shares of the company’s stock worth $53,000 after purchasing an additional 2,022 shares in the last quarter. Finally, Westfuller Advisors LLC bought a new position in shares of Innovex International during the 3rd quarter valued at about $53,000.

Innovex International Company Profile

Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.