Identiv, Inc. (NASDAQ:INVE) CEO Kirsten F. Newquist Purchases 19,000 Shares

Identiv, Inc. (NASDAQ:INVE) CEO Kirsten F. Newquist purchased 19,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $3.32 per share, with a total value of $63,080.00. Following the purchase, the chief executive officer now owns 258,931 shares in the company, valued at $859,650.92. This represents a 7.92 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Identiv Stock Performance

INVE opened at $3.20 on Tuesday. The company has a market cap of $76.43 million, a PE ratio of 1.05 and a beta of 1.38. The stock has a 50-day moving average of $3.55 and a 200-day moving average of $3.63. Identiv, Inc. has a 52-week low of $2.95 and a 52-week high of $8.52.

Identiv (NASDAQ:INVE) last announced its earnings results on Wednesday, March 5th. The technology company reported ($0.11) earnings per share (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 analysts’ expectations of $6.12 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. On average, research analysts predict that Identiv, Inc. will post -1.11 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royce & Associates LP boosted its holdings in Identiv by 8.6% during the fourth quarter. Royce & Associates LP now owns 1,491,570 shares of the technology company’s stock valued at $5,459,000 after acquiring an additional 117,827 shares during the period. Portolan Capital Management LLC increased its stake in shares of Identiv by 3.8% in the fourth quarter. Portolan Capital Management LLC now owns 1,046,924 shares of the technology company’s stock worth $3,832,000 after purchasing an additional 38,704 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Identiv by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 282,303 shares of the technology company’s stock worth $1,033,000 after purchasing an additional 5,844 shares during the last quarter. Boothbay Fund Management LLC boosted its stake in Identiv by 183.1% during the 4th quarter. Boothbay Fund Management LLC now owns 250,883 shares of the technology company’s stock valued at $918,000 after purchasing an additional 162,248 shares during the period. Finally, Millennium Management LLC grew its holdings in Identiv by 56.6% in the 4th quarter. Millennium Management LLC now owns 235,254 shares of the technology company’s stock valued at $861,000 after buying an additional 85,020 shares during the last quarter. 65.16% of the stock is currently owned by institutional investors and hedge funds.

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.