InnovAge (INNV) 10% Owner Holdings Sells $14M of Stock

L.P. Tco Group Holdings, a major 10% owner of InnovAge Holding Corp. [INNV], sold 1,500,000 shares of the company on October 21, 2026. The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission.

INNV InnovAge Holding Corp.

$9.55 ▲ +84.01% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Inside L.P. Tco Group Holdings's InnovAge Trade

The shares were sold at a price of $9.25 each, for a total value of $13.88 million. Following this transaction, the owner holds 101,076,555 shares of InnovAge, which represents a reduction of about 1.5% in its total holdings. This sale was not executed under a pre-arranged Rule 10b5-1 trading plan.

Other Institutional Activity in InnovAge

Other institutional investors have adjusted their positions in the healthcare provider recently. Federated Hermes, Inc. grew its holdings by 1,899,133 shares, ending with 1,903,713 shares worth about $18.18 million. Arrowstreet Capital, Limited Partnership added 251,196 shares for a total of 668,742 shares valued at roughly $6.39 million. Algert Global, LLC boosted its stake by 563,735 shares to hold 630,520 shares worth about $6.02 million. Acadian Asset Management LLC grew its position by 207,671 shares, finishing with 390,850 shares worth about $3.73 million.

InnovAge Holding Corp. Stock Up 4.5%

InnovAge shares recently traded around $9.55 as of October 23, 2026. The stock sits below its 50-day moving average of $10.02, but trades above its 200-day moving average of $8.95. The company has a market capitalization of roughly $1.30 billion.

Recent Earnings

For its trailing twelve months, InnovAge reported revenue of $989.7 million alongside an earnings per share of -$0.02. The company posted a net profit margin of -0.3% and a return on equity of -0.3%. The next quarterly earnings report is scheduled for November 3, 2026.

Insider Buying and Selling at InnovAge Holding Corp.

Insider transactions at the company include several large disposals leading up to this event. On September 24, 2026, L.P. Tco Group Holdings sold 10,000,000 shares at $9.25 for a total of $92.5 million. On the same date, Ignite Aggregator L.P. sold 10,000,000 shares at $9.25 worth $92.5 million. Welsh, Carson, Anderson & Stowe XII, L.P. also sold 10,000,000 shares on September 24 at $8.84 for $88.4 million. Officer Nicole Damato sold 23,814 shares at $8.70 on September 25, 2026, totaling $207,182.

Analysts Set New Price Targets

Wall Street firms covering the stock have updated their views in recent months. On August 21, 2026, Keybanc upgraded the stock to an Overweight rating with a $13.00 price target. Keybanc later maintained its Overweight rating on September 9, 2026, while raising its price target to $14.00. The stock currently holds a consensus mean price target of $12.00 from two analyst opinions.

About InnovAge Holding

Based in Denver, Colorado, InnovAge Holding Corp. operates in the healthcare sector, specifically within medical care facilities. The company focuses on managing and providing medical and support services for seniors through the Program of All-Inclusive Care for the Elderly approach.

Bottom Line

Investors will look toward the upcoming earnings release on November 3, 2026, for fresh insights into the company's financial trajectory. Further SEC filings will show whether major institutional owners continue trimming their positions.