Innovex International (NYSE:INVX) Insider Sells $301,000.00 in Stock

Innovex International, Inc. (NYSE:INVX) insider Mark Reddout sold 10,750 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $28.00, for a total transaction of $301,000.00. Following the sale, the insider owned 134,312 shares in the company, valued at approximately $3,760,736. This trade represents a 7.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Innovex International Stock Performance

Shares of INVX stock opened at $26.70 on Friday. Innovex International, Inc. has a 12 month low of $14.65 and a 12 month high of $32.25. The stock has a market cap of $1.84 billion, a PE ratio of 35.60 and a beta of 0.82. The company has a current ratio of 5.10, a quick ratio of 3.38 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average price is $27.08 and its 200-day moving average price is $25.15.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wall Street Zen raised Innovex International from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings lowered Innovex International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Citigroup assumed coverage on Innovex International in a research report on Thursday, May 7th. They issued a “buy” rating and a $35.00 price target for the company. Zacks Research raised Innovex International from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Barclays lifted their price target on Innovex International from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.67.

Institutional Investors Weigh In On Innovex International

A number of large investors have recently made changes to their positions in INVX. AQR Capital Management LLC bought a new stake in shares of Innovex International during the 1st quarter valued at about $269,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Innovex International by 7.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,093 shares of the company’s stock valued at $379,000 after purchasing an additional 1,467 shares during the period. Caxton Associates LLP bought a new stake in shares of Innovex International during the 1st quarter valued at about $270,000. Empowered Funds LLC grew its stake in shares of Innovex International by 8.2% during the 1st quarter. Empowered Funds LLC now owns 58,131 shares of the company’s stock valued at $1,044,000 after purchasing an additional 4,386 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Innovex International by 11.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,225 shares of the company’s stock valued at $1,764,000 after purchasing an additional 10,401 shares during the period.

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.