Identiv, Inc. (NASDAQ:INVE) CFO Acquires $21,008.00 in Stock

Identiv, Inc. (NASDAQ:INVE) CFO Justin Scarpulla bought 6,565 shares of the business’s stock in a transaction on Friday, March 14th. The shares were bought at an average price of $3.20 per share, for a total transaction of $21,008.00. Following the completion of the acquisition, the chief financial officer now owns 231,178 shares of the company’s stock, valued at approximately $739,769.60. This represents a 2.92 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Identiv Stock Up 0.6 %

Shares of Identiv stock traded up $0.02 during trading on Monday, reaching $3.20. 66,798 shares of the company were exchanged, compared to its average volume of 84,821. The business has a 50-day moving average price of $3.55 and a 200-day moving average price of $3.63. The firm has a market capitalization of $76.43 million, a price-to-earnings ratio of 1.05 and a beta of 1.38. Identiv, Inc. has a twelve month low of $2.95 and a twelve month high of $8.52.

Identiv (NASDAQ:INVE) last issued its quarterly earnings data on Wednesday, March 5th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.14. The business had revenue of $6.70 million during the quarter, compared to analyst estimates of $6.12 million. Identiv had a negative return on equity of 20.60% and a net margin of 113.62%. During the same period in the previous year, the firm earned $0.02 EPS. On average, equities research analysts forecast that Identiv, Inc. will post -1.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Lake Street Capital lowered their target price on Identiv from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, March 6th.

Institutional Trading of Identiv

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in Identiv in the 4th quarter valued at about $37,000. Occudo Quantitative Strategies LP bought a new stake in shares of Identiv during the fourth quarter worth approximately $49,000. Marshall Wace LLP acquired a new position in shares of Identiv in the fourth quarter valued at approximately $51,000. Jane Street Group LLC bought a new position in shares of Identiv during the fourth quarter worth approximately $54,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Identiv during the 3rd quarter worth approximately $228,000. Institutional investors own 65.16% of the company’s stock.

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.