Director-linked INNOVEX CO-INVEST FUND sells 6,612,500 shares (97.0% of holdings) for $162,609,971.25 at $24.59
INNOVEX CO-INVEST FUND, L.P., a Director at Innovex International, Inc., executed 6 separate sales totaling 6,612,500 shares for $162,609,971.25 on 2026-02-27, reducing its holdings from 6,819,740 shares to 207,240 shares. This near-complete exit occurs at $24.59 per share while the stock currently trades at $26.35, suggesting the sales were executed below present market levels. The company shows strong fundamentals with $240.0M quarterly revenue, $39.2M net income, and 48.0% annual revenue growth, yet the fund's decision to liquidate 97.0% of its position warrants scrutiny of the fund's capital allocation priorities and any broader strategic or liquidity considerations driving this substantial reduction.