Trexquant Investment LP Buys New Shares in Identiv, Inc. (NASDAQ:INVE)

Trexquant Investment LP acquired a new stake in Identiv, Inc. (NASDAQ:INVE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,081 shares of the technology company’s stock, valued at approximately $222,000. Trexquant Investment LP owned approximately 0.06% of Identiv as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Identiv by 308.1% in the 2nd quarter. BlackRock Inc. now owns 1,235,031 shares of the technology company’s stock valued at $20,995,000 after buying an additional 932,392 shares in the last quarter. Ophir Asset Management Pty Ltd acquired a new position in shares of Identiv in the 2nd quarter valued at $11,437,000. Millrace Asset Group Inc. acquired a new position in shares of Identiv in the 2nd quarter valued at $4,035,000. Russell Investments Group Ltd. acquired a new position in shares of Identiv in the 2nd quarter valued at $3,255,000. Finally, Geode Capital Management LLC raised its stake in shares of Identiv by 74.2% in the 1st quarter. Geode Capital Management LLC now owns 155,421 shares of the technology company’s stock valued at $1,781,000 after buying an additional 66,176 shares in the last quarter. Institutional investors own 58.50% of the company’s stock.

Shares of NASDAQ:INVE opened at $18.24 on Friday. Identiv, Inc. has a 12 month low of $5.91 and a 12 month high of $21.18. The company’s 50-day moving average price is $18.14 and its two-hundred day moving average price is $16.15. The firm has a market cap of $404.20 million, a P/E ratio of -456.00 and a beta of 1.80.

Identiv (NASDAQ:INVE) last issued its quarterly earnings data on Tuesday, August 3rd. The technology company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. Identiv had a net margin of 0.43% and a negative return on equity of 5.79%. The firm had revenue of $23.99 million for the quarter, compared to analyst estimates of $22.69 million.

A number of equities research analysts recently issued reports on the stock. Lake Street Capital increased their target price on shares of Identiv from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, September 28th. B. Riley increased their target price on shares of Identiv from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, September 20th. Finally, Zacks Investment Research cut shares of Identiv from a “buy” rating to a “hold” rating in a research report on Friday, August 6th.

In related news, Director James E. Ousley sold 5,555 shares of the stock in a transaction that occurred on Monday, September 20th. The shares were sold at an average price of $18.31, for a total value of $101,712.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Steven Humphreys sold 25,000 shares of the stock in a transaction that occurred on Wednesday, September 15th. The shares were sold at an average price of $17.89, for a total transaction of $447,250.00. Following the completion of the sale, the chief executive officer now owns 255,842 shares in the company, valued at $4,577,013.38. The disclosure for this sale can be found here. Insiders sold a total of 127,777 shares of company stock worth $2,385,680 in the last ninety days. Insiders own 8.60% of the company’s stock.

Identiv Company Profile

Identiv, Inc engages in the provision of physical security and secure identification solutions. Its products include physical access control and video, logical access control, credentials, and RFID inlays and tags. The firm serves the government, healthcare, airports and aviation, and education. It operates through the Identity and Premises segments.

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Institutional Ownership by Quarter for Identiv (NASDAQ:INVE)

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