Adam Anderson Sells 13,241 Shares of Innovex International (NYSE:INVX) Stock
by Amy Steele · The Cerbat GemInnovex International, Inc. (NYSE:INVX – Get Free Report) CEO Adam Anderson sold 13,241 shares of Innovex International stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $27.00, for a total value of $357,507.00. Following the completion of the sale, the chief executive officer owned 485,581 shares of the company’s stock, valued at $13,110,687. The trade was a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Adam Anderson also recently made the following trade(s):
- 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 transaction of $331,025.00.
Innovex International Stock Up 6.0%
NYSE INVX traded up $1.62 during trading on Tuesday, reaching $28.79. 1,029,054 shares of the company’s stock traded hands, compared to its average volume of 408,635. Innovex International, Inc. has a 12-month low of $11.93 and a 12-month high of $29.44. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.78 and a quick ratio of 2.93. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 23.99 and a beta of 0.75. The company’s 50 day simple moving average is $24.13 and its two-hundred day simple moving average is $20.93.
Innovex International (NYSE:INVX – Get Free Report) last released its quarterly earnings data on Monday, February 23rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.09). The business had revenue of $273.60 million for the quarter, compared to the consensus estimate of $240.00 million. Innovex International had a net margin of 8.52% and a return on equity of 6.64%.
Analysts Set New Price Targets
INVX has been the topic of a number of analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Innovex International in a report on Monday, December 29th. Piper Sandler upped their price target on Innovex International from $20.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. One analyst has 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.00.
Read Our Latest Analysis on Innovex International
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Brandes Investment Partners LP lifted its stake in shares of Innovex International by 7.7% during the second quarter. Brandes Investment Partners LP now owns 7,054,674 shares of the company’s stock worth $110,194,000 after buying an additional 504,935 shares during the period. Wellington Management Group LLP raised its stake in Innovex International by 52.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,434,808 shares of the company’s stock worth $45,141,000 after acquiring an additional 837,027 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Innovex International by 7.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,310,537 shares of the company’s stock worth $50,533,000 after acquiring an additional 157,265 shares during the last quarter. State Street Corp lifted its position in Innovex International by 0.7% during the 4th quarter. State Street Corp now owns 1,601,149 shares of the company’s stock worth $35,017,000 after acquiring an additional 11,160 shares during the period. Finally, Geode Capital Management LLC grew its stake in Innovex International by 5.2% during the 2nd quarter. Geode Capital Management LLC now owns 922,305 shares of the company’s stock valued at $14,408,000 after purchasing an additional 45,174 shares during the last quarter.
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.