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Here are the top Institutional holders of Innoviva Inc (INVA) shares


Innoviva Inc (NASDAQ: INVA) is -7.67% lower on its value in year-to-date trading and has touched a low of $11.23 and a high of $16.86 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The INVA stock was last observed hovering at around $14.80 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $14.81, the stock is -0.80% and -4.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing 0.07% at the moment leaves the stock 4.74% off its SMA200. INVA registered 32.83% gain for a year compared to 6-month gain of 14.19%. The firm has a 50-day simple moving average (SMA 50) of $3.83 and a 200-day simple moving average (SMA200) of $5.06.

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The stock witnessed a -2.95% loss in the last 1 month and extending the period to 3 months gives it a -9.53%, and is -1.13% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.51% over the week and 2.16% over the month.

Current P/E ratio is 6.78 and Fwd P/E is 15.11. Profit margin for the company is 55.42%. Distance from 52-week low is 31.88% and -12.18% from its 52-week high. The company has generated returns on investments over the last 12 months (16.01%).

Innoviva Inc quarterly earnings per share for the current quarter are estimated at $0.17 with sales reaching $68M over the same period.The EPS is expected to shrink by -63.18% this year, but quarterly earnings will post -3.10% year-over-year. Quarterly sales are estimated to grow 10.60% in year-over-year returns.

298 institutions hold shares in Innoviva Inc (INVA), with institutional investors hold 119.53% of the company’s shares. The shares outstanding are 63.23M, and float is at 62.43M with Short Float at 20.85%. Institutions hold 117.62% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 9.7 million shares valued at $123.48 million. The investor’s holdings represent 14.90% of the INVA Shares outstanding. As of Jun 29, 2023, the second largest holder is Sarissa Capital Management, LP with 7.28 million shares valued at $92.64 million to account for 11.18% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 6.79 million shares representing 10.43% and valued at over $86.42 million, while Putnam Investments LLC holds 9.72% of the shares totaling 6.33 million with a market value of $80.58 million.

Innoviva Inc (INVA) Insider Activity

The most recent transaction is an insider sale by Zhen Marianne, the company’s Chief Accounting Officer. SEC filings show that Zhen Marianne sold 10,994 shares of the company’s common stock on Nov 15 ’23 at a price of $13.99 per share for a total of $0.15 million. Following the sale, the insider now owns 40158.0 shares.

Innoviva Inc disclosed in a document filed with the SEC on Jun 06 ’23 that DENNER ALEXANDER J (10% Owner) bought a total of 8,000 shares of the company’s common stock. The trade occurred on Jun 06 ’23 and was made at $13.05 per share for $0.1 million. Following the transaction, the insider now directly holds 7.21 million shares of the INVA stock.

Still, SEC filings show that on Jun 05 ’23, DENNER ALEXANDER J (10% Owner) acquired 7,000 shares at an average price of $13.04 for $91297.0. The insider now directly holds 7,207,000 shares of Innoviva Inc (INVA).

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