InnovAge (INNV) 10% Owner L.P. Sells $14M of Stock

Welsh, Carson, Anderson & Stowe XII, L.P., a 10% owner of InnovAge Holding Corp. (NasdaqGS: INNV), sold 1,500,000 shares on October 21, 2026. According to a Form 4 filed with the SEC, the shares were sold at a price of $9.25 each, totaling roughly $13.88 million.

INNV InnovAge Holding Corp.

$9.55 ▲ +84.01% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Inside Welsh, Carson's InnovAge Trade

The major shareholder parted with 1,500,000 shares in the transaction, reducing its holdings by about 1.5% to 101,076,555 shares. This follows several other large disposals by major holders connected to the company in recent weeks.

Other Institutional Activity in InnovAge Holding Corp.

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 grew its holdings by 251,196 shares, ending with 668,742 shares worth about $6.39 million. Algert Global, LLC grew its holdings by 563,735 shares, ending with 630,520 shares worth about $6.02 million. Acadian Asset Management. LLC grew its holdings by 207,671 shares, ending with 390,850 shares worth about $3.73 million.

InnovAge Holding Corp. Stock Up 4.5%

InnovAge Holding Corp. shares recently traded around $9.55 as of October 23, 2026. The stock sits about 4.7% below its 50-day moving average of $10.02 and about 6.7% above its 200-day moving average of $8.95. Shares remain down roughly 24.4% from their 52-week high of $12.64 and well above their 52-week low of $3.94.

Recent Earnings

The medical care provider generated $989.7 million in trailing twelve month revenue with negative earnings per share of $0.02. The company's next financial results are scheduled for release on November 3, 2026.

Insider Buying and Selling at InnovAge Holding Corp.

Several large owners trimmed their stakes prior to this filing. L.P. Tco Group Holdings sold 10,000,000 shares on September 24, 2026, for $92.5 million. Ignite Aggregator L.P. sold 10,000,000 shares on the same day for $92.5 million. Welsh, Carson, Anderson & Stowe Xii, L.P. also disposed of 10,000,000 shares on September 24, 2026, for $88.4 million. Officer Nicole Damato sold 23,814 shares on September 25, 2026, for $207,182.

Analysts Set New Price Targets

Keybanc upgraded the stock to an Overweight rating with a $13.0 target on August 21, 2026, and later maintained that rating while raising its target to $14.0 on September 9, 2026. Analysts currently maintain a consensus mean price target of $12.0.

About InnovAge Holding Corp.

Headquartered in Denver, Colorado, InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors. The company operates through its Program of All-Inclusive Care for the Elderly model, helping older adults live independently.

Bottom Line

Investors will look ahead to the company's upcoming earnings report on November 3, 2026, for further updates on financial performance and operational progress.