Adam Anderson Sells 18,837 Shares of Innovex International (NYSE:INVX) Stock

Innovex International, Inc. (NYSE:INVX) CEO Adam Anderson sold 18,837 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $28.50, for a total value of $536,854.50. Following the completion of the sale, the chief executive officer directly owned 466,744 shares in the company, valued at approximately $13,302,204. This represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, February 23rd, Adam Anderson sold 13,241 shares of Innovex International stock. The shares were sold at an average price of $27.00, for a total value of $357,507.00.
• 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 Stock Up 1.2%

Shares of NYSE INVX traded up $0.36 during trading on Wednesday, reaching $29.26. The company had a trading volume of 530,826 shares, compared to its average volume of 429,080. Innovex International, Inc. has a 12-month low of $11.93 and a 12-month high of $29.48. The company has a quick ratio of 2.93, a current ratio of 4.78 and a debt-to-equity ratio of 0.02. The business’s 50-day moving average is $24.13 and its 200 day moving average is $20.93. The stock has a market cap of $2.02 billion, a PE ratio of 24.38 and a beta of 0.75.

Innovex International (NYSE:INVX) last announced its quarterly earnings results 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). Innovex International had a return on equity of 6.64% and a net margin of 8.52%.The firm had revenue of $273.60 million during the quarter, compared to the consensus estimate of $240.00 million.

Analyst Ratings Changes

A number of research firms have recently commented on INVX. Weiss Ratings reiterated a “buy (b-)” rating on shares of Innovex International in a report on Monday, December 29th. Piper Sandler upped their price objective on Innovex International from $20.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Institutional Trading of Innovex International

Institutional investors have recently made changes to their positions in the stock. Covestor Ltd raised its holdings 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 purchasing an additional 1,841 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Innovex International by 31.2% in the third quarter. Smartleaf Asset Management LLC now owns 2,151 shares of the company’s stock worth $40,000 after purchasing an additional 511 shares during the last quarter. Strs Ohio bought a new stake in Innovex International in the 4th quarter worth approximately $44,000. First Horizon Advisors Inc. raised its stake in Innovex International by 150.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,367 shares of the company’s stock valued at $53,000 after buying an additional 2,022 shares during the last quarter. Finally, Westfuller Advisors LLC purchased a new stake in Innovex International during the 3rd quarter valued at $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.