Insider Buying: Identiv, Inc. (NASDAQ:INVE) CEO Buys 19,000 Shares of Stock

Identiv, Inc. (NASDAQ:INVE) CEO Kirsten F. Newquist purchased 19,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $3.32 per share, with a total value of $63,080.00. Following the transaction, the chief executive officer now directly owns 258,931 shares in the company, valued at $859,650.92. This trade represents a 7.92 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Identiv Trading Up 6.6 %

Shares of NASDAQ INVE opened at $3.41 on Wednesday. Identiv, Inc. has a one year low of $2.95 and a one year high of $8.52. The firm has a market capitalization of $81.45 million, a PE ratio of 1.11 and a beta of 1.38. The business has a 50-day moving average price of $3.53 and a two-hundred day moving average price of $3.62.

Identiv (NASDAQ:INVE) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.14. Identiv had a negative return on equity of 20.60% and a net margin of 113.62%. The firm had revenue of $6.70 million during the quarter, compared to analyst estimates of $6.12 million. During the same period last year, the company posted $0.02 EPS. Research analysts anticipate that Identiv, Inc. will post -1.11 EPS for the current year.

Institutional Investors Weigh In On Identiv

A number of hedge funds and other institutional investors have recently made changes to their positions in INVE. Raymond James Financial Inc. purchased a new stake in shares of Identiv during the 4th quarter worth about $37,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Identiv during the 4th quarter worth about $49,000. Marshall Wace LLP purchased a new stake in shares of Identiv during the 4th quarter worth about $51,000. Jane Street Group LLC purchased a new stake in shares of Identiv during the 4th quarter worth about $54,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Identiv in the 3rd quarter valued at approximately $228,000. 65.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital decreased their price objective on Identiv from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, March 6th.

Identiv Company Profile

Identiv, Inc, a security technology company, that provides secure identification and physical security solutions that secure things, data, and physical places worldwide. It operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security.